Cannell Capital LLC Buys New Stake in LuxExperience B.V. – Sponsored ADR $LUXE

Cannell Capital LLC bought a new stake in shares of LuxExperience B.V. – Sponsored ADR (NYSE:LUXE) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,045,962 shares of the company’s stock, valued at approximately $8,891,000. LuxExperience B.V. makes up 1.4% of Cannell Capital LLC’s portfolio, making the stock its 14th largest position. Cannell Capital LLC owned approximately 1.22% of LuxExperience B.V. as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. SPX Gestao de Recursos Ltda bought a new stake in shares of LuxExperience B.V. during the third quarter valued at about $3,178,000. Zweig DiMenna Associates LLC bought a new position in LuxExperience B.V. in the 3rd quarter valued at about $6,372,000. Portolan Capital Management LLC bought a new position in LuxExperience B.V. in the 3rd quarter valued at about $13,271,000. GSA Capital Partners LLP acquired a new position in LuxExperience B.V. during the 3rd quarter valued at about $211,000. Finally, Sylebra Capital LLC bought a new stake in shares of LuxExperience B.V. during the 3rd quarter worth about $31,351,000. Institutional investors own 10.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Zacks Research lowered shares of LuxExperience B.V. from a “hold” rating to a “strong sell” rating in a research note on Monday, January 26th. B. Riley Financial assumed coverage on LuxExperience B.V. in a report on Thursday, January 15th. They set a “buy” rating and a $12.00 target price on the stock. Jefferies Financial Group started coverage on LuxExperience B.V. in a research report on Wednesday, January 14th. They issued a “hold” rating and a $9.00 target price for the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of LuxExperience B.V. in a research note on Monday, December 29th. Finally, JPMorgan Chase & Co. cut LuxExperience B.V. from an “overweight” rating to a “neutral” rating and set a $10.00 price target on the stock. in a research report on Wednesday, February 18th. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $10.33.

LuxExperience B.V. Trading Down 2.3%

Shares of NYSE LUXE opened at $8.12 on Friday. LuxExperience B.V. – Sponsored ADR has a twelve month low of $6.18 and a twelve month high of $11.38. The company has a quick ratio of 0.83, a current ratio of 2.12 and a debt-to-equity ratio of 0.12. The firm has a 50-day simple moving average of $8.75. The firm has a market cap of $695.97 million, a P/E ratio of 1.88 and a beta of 1.08.

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.