LuxExperience B.V. (NYSE:LUXE) Stock Price Target Raised at TD Cowen

LuxExperience B.V. (NYSE:LUXE) had its price target raised by stock analysts at TD Cowen from $11.00 to $12.00 in a report issued on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the stock. TD Cowen‘s price target suggests a potential upside of 12.99% from the stock’s current price.

A number of other brokerages have also recently issued reports on LUXE. Zacks Research upgraded shares of LuxExperience B.V. from a “strong sell” rating to a “hold” rating in a report on Thursday, October 15th. Wall Street Zen upgraded LuxExperience B.V. from a “strong sell” rating to a “sell” rating in a report on Saturday, September 19th. Sanford C. Bernstein began coverage on LuxExperience B.V. in a research report on Tuesday, October 6th. They issued an “outperform” rating and a $12.90 price target for the company. B. Riley Financial upped their price target on LuxExperience B.V. from $12.00 to $13.00 and gave the stock a “buy” rating in a research note on Thursday, September 17th. Finally, JPMorgan Chase & Co. increased their price objective on LuxExperience B.V. from $9.00 to $10.00 and gave the company a “neutral” rating in a report on Thursday, September 17th. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $11.38.

LuxExperience B.V. Stock Up 1.7%

Shares of LUXE traded up $0.18 during mid-day trading on Wednesday, hitting $10.62. 38,876 shares of the company’s stock were exchanged, compared to its average volume of 238,461. The stock has a market cap of $910.12 million, a price-to-earnings ratio of -7.43 and a beta of 1.06. The firm has a fifty day moving average of $9.24 and a two-hundred day moving average of $8.45. The company has a quick ratio of 0.79, a current ratio of 2.20 and a debt-to-equity ratio of 0.12. LuxExperience B.V. has a twelve month low of $6.54 and a twelve month high of $11.38.

Insider Activity

In related news, CEO Michael Kliger sold 48,788 shares of the company’s stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $10.03, for a total transaction of $489,343.64. Following the completion of the sale, the chief executive officer directly owned 26,021 shares of the company’s stock, valued at approximately $260,990.63. This represents a 65.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders have sold 466,649 shares of company stock worth $4,707,424. 1.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On LuxExperience B.V.

A number of hedge funds have recently bought and sold shares of LUXE. Stoic Point Capital Management LLC increased its stake in shares of LuxExperience B.V. by 58.8% in the first quarter. Stoic Point Capital Management LLC now owns 1,640,509 shares of the company’s stock worth $13,124,000 after purchasing an additional 607,240 shares during the period. Luxor Capital Group LP grew its holdings in LuxExperience B.V. by 11.9% in the 1st quarter. Luxor Capital Group LP now owns 920,435 shares of the company’s stock valued at $7,363,000 after buying an additional 98,200 shares during the last quarter. DJE Kapital AG acquired a new stake in LuxExperience B.V. in the 1st quarter valued at approximately $6,119,000. Zweig DiMenna Associates LLC grew its holdings in LuxExperience B.V. by 15.2% in the 1st quarter. Zweig DiMenna Associates LLC now owns 590,000 shares of the company’s stock valued at $4,720,000 after buying an additional 78,000 shares during the last quarter. Finally, Solas Capital Management LLC bought a new position in LuxExperience B.V. in the 2nd quarter worth approximately $2,560,000. 10.07% of the stock is currently owned by institutional investors.

About LuxExperience B.V.

LuxExperience B.V. is a global luxury-fashion e-commerce company that operates the Mytheresa, NET-A-PORTER, MR PORTER and YOOX platforms. Its offerings include designer clothing, footwear, handbags, accessories, jewelry, watches and lifestyle products. The company serves customers internationally through its online platforms, which combine curated luxury assortments and editorial content with shopping services. Its brands address different segments of the market, from high-end designer fashion to a broader selection of luxury goods.