LuxExperience B.V. – Sponsored ADR (NYSE:LUXE) Receives Consensus Recommendation of “Hold” from Brokerages

LuxExperience B.V. – Sponsored ADR (NYSE:LUXE) has been given a consensus recommendation of “Hold” by the six brokerages that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $9.50.

Several research analysts have recently commented on the company. Weiss Ratings lowered LuxExperience B.V. from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, June 2nd. TD Cowen dropped their price objective on LuxExperience B.V. from $12.00 to $8.00 and set a “buy” rating on the stock in a research report on Wednesday, May 20th. Finally, Wall Street Zen lowered LuxExperience B.V. from a “sell” rating to a “strong sell” rating in a research note on Monday, May 18th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in LUXE. UBS Group AG acquired a new position in LuxExperience B.V. during the 3rd quarter valued at about $1,166,000. Invesco Ltd. purchased a new stake in LuxExperience B.V. in the third quarter valued at about $7,292,000. Sylebra Capital LLC purchased a new stake in LuxExperience B.V. in the third quarter valued at about $31,351,000. Boothbay Fund Management LLC acquired a new stake in LuxExperience B.V. in the third quarter worth about $1,705,000. Finally, Millennium Management LLC acquired a new stake in LuxExperience B.V. in the third quarter worth about $134,000. 10.07% of the stock is currently owned by hedge funds and other institutional investors.

LuxExperience B.V. Stock Up 0.9%

Shares of NYSE LUXE opened at $7.64 on Friday. LuxExperience B.V. has a 12-month low of $6.54 and a 12-month high of $11.38. The stock’s fifty day simple moving average is $7.83 and its two-hundred day simple moving average is $8.22. The stock has a market capitalization of $655.18 million, a PE ratio of 1.87 and a beta of 1.06. The company has a current ratio of 2.33, a quick ratio of 0.81 and a debt-to-equity ratio of 0.13.

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.