LuxExperience B.V. (NYSE:LUXE) Reaches New 52-Week Low Following Analyst Downgrade

LuxExperience B.V. – Sponsored ADR (NYSE:LUXE) reached a new 52-week low during mid-day trading on Wednesday after Weiss Ratings downgraded the stock from a hold (c+) rating to a hold (c) rating. The company traded as low as $6.54 and last traded at $6.8740, with a volume of 1848317 shares. The stock had previously closed at $7.79.

LUXE has been the subject of a number of other research reports. JPMorgan Chase & Co. cut their target price on shares of LuxExperience B.V. from $10.00 to $9.00 and set a “neutral” rating for the company in a research note on Tuesday, April 14th. Zacks Research cut shares of LuxExperience B.V. from a “hold” rating to a “strong sell” rating in a research note on Monday, January 26th. TD Cowen cut their target price on shares of LuxExperience B.V. from $12.00 to $8.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, Wall Street Zen cut shares of LuxExperience B.V. from a “sell” rating to a “strong sell” rating in a research note on Monday. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $9.50.

Hedge Funds Weigh In On LuxExperience B.V.

A number of hedge funds have recently bought and sold shares of LUXE. Sylebra Capital LLC bought a new position in LuxExperience B.V. during the third quarter worth about $31,351,000. Woodson Capital Management LP acquired a new position in shares of LuxExperience B.V. in the 4th quarter valued at approximately $30,060,000. Portolan Capital Management LLC acquired a new position in shares of LuxExperience B.V. in the 3rd quarter valued at approximately $13,271,000. Pillsbury Lake Capital LLC acquired a new position in shares of LuxExperience B.V. in the 4th quarter valued at approximately $12,602,000. Finally, Nixon Capital LLC acquired a new position in shares of LuxExperience B.V. in the 4th quarter valued at approximately $10,711,000. 10.07% of the stock is owned by institutional investors.

LuxExperience B.V. Stock Down 1.3%

The firm’s 50-day moving average price is $8.32 and its 200 day moving average price is $8.71. The company has a market capitalization of $620.90 million, a price-to-earnings ratio of 1.77 and a beta of 1.16. The company has a current ratio of 2.33, a quick ratio of 0.83 and a debt-to-equity ratio of 0.13.

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.