LuxExperience B.V. (NYSE:LUXE) Cut to “Neutral” at JPMorgan Chase & Co.

JPMorgan Chase & Co. cut shares of LuxExperience B.V. (NYSE:LUXE) from an overweight rating to a neutral rating in a research report released on Wednesday, MarketBeat Ratings reports. JPMorgan Chase & Co. currently has $10.00 price target on the stock.

Other equities research analysts also recently issued research reports about the company. Zacks Research downgraded LuxExperience B.V. from a “hold” rating to a “strong sell” rating in a research report on Monday, January 26th. B. Riley Financial initiated coverage on LuxExperience B.V. in a research report on Thursday, January 15th. They set a “buy” rating and a $12.00 price objective on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of LuxExperience B.V. in a research report on Monday, December 29th. Finally, Jefferies Financial Group assumed coverage on LuxExperience B.V. in a research note on Wednesday, January 14th. They issued a “hold” rating and a $9.00 target price for the company. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $10.33.

LuxExperience B.V. Trading Down 0.4%

Shares of LUXE opened at $9.73 on Wednesday. LuxExperience B.V. has a 12-month low of $6.18 and a 12-month high of $11.41. The company has a current ratio of 2.12, a quick ratio of 0.83 and a debt-to-equity ratio of 0.12. The company has a market cap of $833.86 million, a P/E ratio of 2.25 and a beta of 1.11. The firm’s 50-day simple moving average is $8.58.

LuxExperience B.V. (NYSE:LUXE) last released its quarterly earnings results on Wednesday, November 19th. The company reported ($0.71) EPS for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.43). LuxExperience B.V. had a return on equity of 44.51% and a net margin of 22.82%.The company had revenue of $670.38 million during the quarter, compared to analysts’ expectations of $680.63 million.

Institutional Trading of LuxExperience B.V.

Several large investors have recently modified their holdings of LUXE. GAMMA Investing LLC bought a new position in LuxExperience B.V. during the 4th quarter valued at approximately $26,000. State of Wyoming bought a new position in shares of LuxExperience B.V. during the third quarter valued at approximately $49,000. Larson Financial Group LLC bought a new position in shares of LuxExperience B.V. during the fourth quarter valued at approximately $52,000. HRT Financial LP bought a new stake in LuxExperience B.V. in the fourth quarter valued at $114,000. Finally, XTX Topco Ltd bought a new stake in LuxExperience B.V. in the fourth quarter valued at $125,000. 10.07% of the stock is owned by 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.