LuxExperience B.V. (NYSE:LUXE) Downgraded to Strong Sell Rating by Zacks Research

LuxExperience B.V. (NYSE:LUXE) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Monday,Zacks.com reports.

Other equities research analysts have also recently issued reports about the company. Jefferies Financial Group assumed coverage on LuxExperience B.V. in a research note on Wednesday, January 14th. They issued a “hold” rating and a $9.00 price objective on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of LuxExperience B.V. in a research note on Monday, December 29th. B. Riley assumed coverage on shares of LuxExperience B.V. in a report on Thursday, January 15th. They issued a “buy” rating and a $12.00 price objective for the company. JPMorgan Chase & Co. boosted their target price on shares of LuxExperience B.V. from $8.00 to $9.00 and gave the company a “neutral” rating in a report on Thursday, December 18th. Finally, Wall Street Zen lowered LuxExperience B.V. from a “hold” rating to a “sell” rating in a report on Friday, October 3rd. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $10.00.

LuxExperience B.V. Stock Down 0.4%

LuxExperience B.V. stock opened at $8.34 on Monday. The company’s 50 day moving average is $8.77. The company has a quick ratio of 1.01, a current ratio of 2.46 and a debt-to-equity ratio of 0.12. LuxExperience B.V. has a twelve month low of $6.18 and a twelve month high of $12.50. The company has a market cap of $714.74 million, a P/E ratio of 1.91 and a beta of 1.11.

LuxExperience B.V. (NYSE:LUXE) last posted its quarterly earnings data on Wednesday, November 19th. The company reported ($0.71) EPS for the quarter, missing the consensus estimate of ($0.28) by ($0.43). LuxExperience B.V. had a net margin of 29.45% and a return on equity of 58.60%. The firm had revenue of $670.38 million during the quarter, compared to analysts’ expectations of $680.63 million.

Institutional Investors Weigh In On LuxExperience B.V.

Several hedge funds have recently bought and sold shares of the stock. Militia Capital Partners LP bought a new position in shares of LuxExperience B.V. in the 3rd quarter worth $299,000. GAMMA Investing LLC purchased a new stake in LuxExperience B.V. during the fourth quarter valued at about $26,000. Fiscal Wisdom Wealth Management LLC lifted its stake in LuxExperience B.V. by 41.4% during the fourth quarter. Fiscal Wisdom Wealth Management LLC now owns 38,315 shares of the company’s stock worth $320,000 after purchasing an additional 11,225 shares during the last quarter. UBS Group AG purchased a new position in shares of LuxExperience B.V. in the 3rd quarter worth about $1,166,000. Finally, Prelude Capital Management LLC bought a new stake in LuxExperience B.V. in the 3rd quarter worth approximately $3,554,000. 10.07% of the stock is currently owned by institutional investors.

LuxExperience B.V. Company Profile

MYT Netherlands Parent B.V., through its subsidiary, Mytheresa Group GmbH, operates a luxury e-commerce platform for fashion consumers in Germany, the United States, the rest of Europe, and internationally. The company sells clothes, bags, shoes, accessories, and fine jewelry through online and retail stores. It serves high-income luxury consumers. The company was founded in 1987 and is based in Munich, Germany.