LuxExperience B.V. – Sponsored ADR (NYSE:LUXE) Given Average Recommendation of “Hold” by Analysts

Shares of LuxExperience B.V. – Sponsored ADR (NYSE:LUXE) have been given an average recommendation of “Hold” by the six brokerages that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $9.50.

A number of brokerages have weighed in on LUXE. Weiss Ratings cut shares of LuxExperience B.V. from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, June 2nd. JPMorgan Chase & Co. cut their price target on LuxExperience B.V. from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 14th. TD Cowen lowered their price objective on LuxExperience B.V. from $12.00 to $8.00 and set a “buy” rating for the company in a research note on Wednesday, May 20th. Finally, Wall Street Zen downgraded LuxExperience B.V. from a “sell” rating to a “strong sell” rating in a report on Monday, May 18th.

LuxExperience B.V. Trading Up 2.5%

Shares of NYSE LUXE opened at $8.47 on Wednesday. LuxExperience B.V. has a 1 year low of $6.54 and a 1 year high of $11.38. The stock has a market cap of $725.88 million, a P/E ratio of 2.07 and a beta of 1.07. The firm has a 50-day moving average of $7.61 and a 200 day moving average of $8.24. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.33 and a quick ratio of 0.81.

Hedge Funds Weigh In On LuxExperience B.V.

Several large investors have recently modified their holdings of the stock. GAMMA Investing LLC purchased a new stake in LuxExperience B.V. during the 4th quarter valued at about $26,000. Larson Financial Group LLC purchased a new position in LuxExperience B.V. in the fourth quarter worth about $52,000. HRT Financial LP purchased a new position in LuxExperience B.V. in the fourth quarter worth about $114,000. XTX Topco Ltd bought a new position in shares of LuxExperience B.V. in the fourth quarter worth approximately $125,000. Finally, Americana Partners LLC bought a new position in shares of LuxExperience B.V. in the fourth quarter worth approximately $127,000. 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.