LuxExperience B.V. (NYSE:LUXE) Shares Gap Down Following Analyst Downgrade

LuxExperience B.V. – Sponsored ADR (NYSE:LUXE) shares gapped down prior to trading on Tuesday after Wall Street Zen downgraded the stock from a sell rating to a strong sell rating. The stock had previously closed at $7.79, but opened at $7.29. LuxExperience B.V. shares last traded at $7.12, with a volume of 159,106 shares.

A number of other brokerages also recently issued reports on LUXE. JPMorgan Chase & Co. decreased their price target on LuxExperience B.V. from $10.00 to $9.00 and set a “neutral” rating for the company in a report on Tuesday, April 14th. Weiss Ratings raised shares of LuxExperience B.V. from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 4th. Finally, 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. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $10.00.

Institutional Investors Weigh In On LuxExperience B.V.

Several institutional investors and hedge funds have recently added to or reduced their stakes in LUXE. GAMMA Investing LLC purchased a new position in LuxExperience B.V. during the fourth quarter valued at $26,000. Boothbay Fund Management LLC lifted its stake in LuxExperience B.V. by 2.4% in the 4th quarter. Boothbay Fund Management LLC now owns 205,488 shares of the company’s stock valued at $1,716,000 after buying an additional 4,872 shares in the last quarter. State of Wyoming acquired a new stake in LuxExperience B.V. in the 3rd quarter worth about $49,000. Larson Financial Group LLC acquired a new stake in LuxExperience B.V. in the 4th quarter worth about $52,000. Finally, The Manufacturers Life Insurance Company increased its stake in LuxExperience B.V. by 64.8% during the 4th quarter. The Manufacturers Life Insurance Company now owns 22,095 shares of the company’s stock worth $184,000 after buying an additional 8,685 shares in the last quarter. Hedge funds and other institutional investors own 10.07% of the company’s stock.

LuxExperience B.V. Stock Down 8.4%

The business has a fifty day simple moving average of $8.42 and a 200 day simple moving average of $8.76. The firm has a market cap of $611.64 million, a price-to-earnings ratio of 1.66 and a beta of 1.16. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.12 and a quick ratio of 0.83.

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.