LuxExperience B.V. (NYSE:LUXE) Upgraded to “Sell” at Wall Street Zen

Wall Street Zen upgraded shares of LuxExperience B.V. (NYSE:LUXE) from a strong sell rating to a sell rating in a research note released on Sunday.

Several other equities analysts have also recently weighed in on the company. Weiss Ratings upgraded LuxExperience B.V. from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 4th. 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 for the company. B. Riley Financial assumed coverage on LuxExperience B.V. in a research note on Thursday, January 15th. They issued a “buy” rating and a $12.00 price objective for the company. JPMorgan Chase & Co. lowered their price objective on 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. Finally, Zacks Research lowered LuxExperience B.V. from a “hold” rating to a “strong sell” rating in a research note on Monday, January 26th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $10.00.

LuxExperience B.V. Stock Performance

NYSE LUXE opened at $8.58 on Friday. The stock has a market capitalization of $735.31 million, a PE ratio of 1.99 and a beta of 1.16. The business has a 50 day simple moving average of $8.64 and a two-hundred day simple moving average of $8.82. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.12 and a quick ratio of 0.83. LuxExperience B.V. has a 1-year low of $7.00 and a 1-year high of $11.38.

Institutional Investors Weigh In On LuxExperience B.V.

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

About LuxExperience B.V.

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.