LuxExperience B.V. (NYSE:LUXE) Coverage Initiated by Analysts at B. Riley

B. Riley assumed coverage on shares of LuxExperience B.V. (NYSE:LUXE) in a research note issued to investors on Thursday,Benzinga reports. The firm set a “buy” rating and a $12.00 price target on the stock. B. Riley’s price target suggests a potential upside of 46.88% from the stock’s current price.

Several other research analysts also recently issued reports on LUXE. Jefferies Financial Group began coverage on shares of LuxExperience B.V. in a research report on Wednesday. They set a “hold” rating and a $9.00 price objective on the stock. JPMorgan Chase & Co. increased their target price on shares of LuxExperience B.V. from $8.00 to $9.00 and gave the stock a “neutral” rating in a research note on Thursday, December 18th. Wall Street Zen cut LuxExperience B.V. from a “hold” rating to a “sell” rating in a research report on Friday, October 3rd. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of LuxExperience B.V. in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, LuxExperience B.V. presently has a consensus rating of “Hold” and a consensus target price of $10.00.

LuxExperience B.V. Stock Down 3.5%

Shares of NYSE:LUXE opened at $8.17 on Thursday. LuxExperience B.V. has a fifty-two week low of $6.18 and a fifty-two week high of $12.50. The company has a 50 day moving average price of $8.93. 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 firm has a market capitalization of $700.16 million, a PE ratio of 1.87 and a beta of 1.11.

LuxExperience B.V. (NYSE:LUXE) last posted its earnings results on Wednesday, November 19th. The company reported ($0.71) EPS for the quarter, missing the consensus estimate of ($0.28) by ($0.43). LuxExperience B.V. had a net margin of 29.45% and a return on equity of 58.60%. The business had revenue of $670.38 million during the quarter, compared to analysts’ expectations of $680.63 million.

Institutional Investors Weigh In On LuxExperience B.V.

Institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC purchased a new position in shares of LuxExperience B.V. during the 4th quarter worth approximately $26,000. State of Wyoming purchased a new stake in shares of LuxExperience B.V. in the third quarter valued at approximately $49,000. Millennium Management LLC acquired a new position in LuxExperience B.V. during the third quarter worth $134,000. R Squared Ltd purchased a new position in LuxExperience B.V. in the third quarter worth $140,000. Finally, GSA Capital Partners LLP acquired a new stake in LuxExperience B.V. in the third quarter valued at $211,000. Hedge funds and other institutional investors own 10.07% of the company’s stock.

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.