LuxExperience B.V. (NYSE:LUXE) Shares Gap Up – Here’s What Happened

Shares of LuxExperience B.V. – Sponsored ADR (NYSE:LUXE) gapped up prior to trading on Thursday . The stock had previously closed at $8.17, but opened at $8.66. LuxExperience B.V. shares last traded at $8.30, with a volume of 11,147 shares traded.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Jefferies Financial Group assumed coverage on LuxExperience B.V. in a research report on Wednesday. They issued a “hold” rating and a $9.00 target price for the company. B. Riley began coverage on shares of LuxExperience B.V. in a report on Thursday. They issued a “buy” rating and a $12.00 price objective for the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of LuxExperience B.V. in a research report on Monday, December 29th. Wall Street Zen downgraded LuxExperience B.V. from a “hold” rating to a “sell” rating in a report on Friday, October 3rd. Finally, JPMorgan Chase & Co. increased their target price on LuxExperience B.V. from $8.00 to $9.00 and gave the company a “neutral” rating in a report on Thursday, December 18th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $10.00.

LuxExperience B.V. Trading Up 2.8%

The firm has a market cap of $719.87 million, a P/E ratio of 1.92 and a beta of 1.11. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.46 and a quick ratio of 1.01. The firm has a 50 day moving average price of $8.93.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC purchased a new stake in LuxExperience B.V. in the fourth quarter worth approximately $26,000. State of Wyoming purchased a new position in shares of LuxExperience B.V. in the 3rd quarter worth $49,000. Millennium Management LLC bought a new stake in shares of LuxExperience B.V. in the third quarter worth $134,000. R Squared Ltd bought a new position in LuxExperience B.V. in the third quarter valued at about $140,000. Finally, GSA Capital Partners LLP purchased a new position in LuxExperience B.V. in the third quarter worth about $211,000. Institutional investors own 10.07% of the company’s stock.

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.