LuxExperience B.V. (NYSE:LUXE) Shares Gap Down – Here’s Why

Shares of LuxExperience B.V. – Sponsored ADR (NYSE:LUXE) gapped down before the market opened on Thursday . The stock had previously closed at $8.87, but opened at $8.57. LuxExperience B.V. shares last traded at $8.59, with a volume of 19,439 shares trading hands.

Wall Street Analyst Weigh In

Several research analysts have issued reports on LUXE shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of LuxExperience B.V. in a report on Monday. JPMorgan Chase & Co. raised their price target on shares of LuxExperience B.V. from $8.00 to $9.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, Wall Street Zen cut LuxExperience B.V. from a “hold” rating to a “sell” rating in a research report on Friday, October 3rd. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $9.00.

LuxExperience B.V. Stock Up 1.4%

The company has a current ratio of 2.46, a quick ratio of 1.01 and a debt-to-equity ratio of 0.12. The company has a market cap of $771.30 million, a P/E ratio of 2.06 and a beta of 1.10. The business has a fifty day moving average of $9.16.

LuxExperience B.V. (NYSE:LUXE) last released its quarterly earnings results on Wednesday, November 19th. The company reported ($0.71) earnings per share for the quarter, missing the consensus estimate of ($0.28) by ($0.43). The firm had revenue of $670.38 million for the quarter, compared to the consensus estimate 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

Institutional investors and hedge funds have recently bought and sold shares of the company. State of Wyoming bought a new stake in shares of LuxExperience B.V. during the 3rd quarter valued at about $49,000. Millennium Management LLC bought a new stake in LuxExperience B.V. during the third quarter valued at approximately $134,000. R Squared Ltd purchased a new stake in LuxExperience B.V. during the third quarter valued at approximately $140,000. GSA Capital Partners LLP bought a new position in LuxExperience B.V. in the third quarter worth approximately $211,000. Finally, Fiscal Wisdom Wealth Management LLC bought a new position in LuxExperience B.V. in the third quarter worth approximately $236,000. 10.07% of the stock is owned by hedge funds and other institutional investors.

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.