LuxExperience B.V. – Sponsored ADR (NYSE:LUXE) Receives Average Recommendation of “Hold” from Brokerages

LuxExperience B.V. – Sponsored ADR (NYSE:LUXE) has received a consensus rating of “Hold” from the six research firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $9.75.

Several brokerages have commented on LUXE. Wall Street Zen lowered shares of LuxExperience B.V. from a “sell” rating to a “strong sell” rating in a report on Monday, May 18th. TD Cowen raised their target price on LuxExperience B.V. from $8.00 to $9.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Weiss Ratings lowered LuxExperience B.V. from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, June 2nd.

LuxExperience B.V. Stock Down 1.4%

Shares of LuxExperience B.V. stock opened at $7.75 on Friday. The company has a current ratio of 2.33, a quick ratio of 0.81 and a debt-to-equity ratio of 0.13. LuxExperience B.V. has a 12-month low of $6.54 and a 12-month high of $11.38. The company has a market cap of $664.17 million, a P/E ratio of 1.89 and a beta of 1.06. The company’s fifty day simple moving average is $7.89 and its two-hundred day simple moving average is $8.20.

Institutional Trading of LuxExperience B.V.

Several hedge funds and other institutional investors have recently made changes to their positions in LUXE. UBS Group AG bought a new stake in LuxExperience B.V. in the third quarter worth $1,166,000. Invesco Ltd. bought a new position in LuxExperience B.V. in the 3rd quarter worth about $7,292,000. Sylebra Capital LLC bought a new stake in LuxExperience B.V. during the 3rd quarter valued at about $31,351,000. Boothbay Fund Management LLC purchased a new position in LuxExperience B.V. in the third quarter worth about $1,705,000. Finally, Millennium Management LLC bought a new position in shares of LuxExperience B.V. in the third quarter worth approximately $134,000. Hedge funds and other 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.