TD Cowen Initiates Coverage on LuxExperience B.V. (NYSE:LUXE)

Research analysts at TD Cowen started coverage on shares of LuxExperience B.V. (NYSE:LUXE) in a note issued to investors on Friday, Zacks reports. The brokerage set a “strong-buy” rating on the stock.

Several other brokerages have also issued reports on LUXE. Wall Street Zen upgraded LuxExperience B.V. from a “strong sell” rating to a “sell” rating in a research report on Saturday, September 19th. JPMorgan Chase & Co. increased their price target on LuxExperience B.V. from $9.00 to $10.00 and gave the stock a “neutral” rating in a report on Thursday, September 17th. Weiss Ratings raised LuxExperience B.V. from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, October 9th. Zacks Research upgraded LuxExperience B.V. from a “strong sell” rating to a “hold” rating in a report on Thursday, October 15th. Finally, B. Riley Financial boosted their price objective on LuxExperience B.V. from $12.00 to $13.00 and gave the company a “buy” rating in a report on Thursday, September 17th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, LuxExperience B.V. presently has a consensus rating of “Moderate Buy” and a consensus target price of $11.18.

LuxExperience B.V. Stock Performance

LuxExperience B.V. stock opened at $9.67 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.20 and a quick ratio of 0.79. LuxExperience B.V. has a 1-year low of $6.54 and a 1-year high of $11.38. The firm has a market capitalization of $828.72 million, a P/E ratio of -6.76 and a beta of 1.02. The company’s 50-day moving average is $8.90 and its 200 day moving average is $8.38.

Insider Transactions at LuxExperience B.V.

In related news, CEO Michael Kliger sold 119,263 shares of the stock in a transaction that occurred on Tuesday, October 6th. The stock was sold at an average price of $10.04, for a total value of $1,197,400.52. Following the transaction, the chief executive officer owned 119,263 shares of the company’s stock, valued at $1,197,400.52. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 417,861 shares of company stock valued at $4,218,080 over the last quarter. 1.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On LuxExperience B.V.

Several hedge funds have recently made changes to their positions in LUXE. GAMMA Investing LLC raised its holdings in shares of LuxExperience B.V. by 59.3% in the 3rd quarter. GAMMA Investing LLC now owns 4,194 shares of the company’s stock valued at $42,000 after purchasing an additional 1,561 shares in the last quarter. Royal Bank of Canada lifted its position in shares of LuxExperience B.V. by 12.0% in the 1st quarter. Royal Bank of Canada now owns 127,621 shares of the company’s stock worth $1,020,000 after purchasing an additional 13,664 shares during the period. Bank of America Corp DE boosted its stake in shares of LuxExperience B.V. by 2,291.9% during the first quarter. Bank of America Corp DE now owns 17,054 shares of the company’s stock valued at $136,000 after purchasing an additional 16,341 shares in the last quarter. Engineers Gate Manager LP boosted its stake in shares of LuxExperience B.V. by 212.2% during the second quarter. Engineers Gate Manager LP now owns 65,245 shares of the company’s stock valued at $485,000 after purchasing an additional 44,345 shares in the last quarter. Finally, Zweig DiMenna Associates LLC boosted its stake in shares of LuxExperience B.V. by 15.2% during the first quarter. Zweig DiMenna Associates LLC now owns 590,000 shares of the company’s stock valued at $4,720,000 after purchasing an additional 78,000 shares in the last quarter. 10.07% of the stock is currently owned by hedge funds and other institutional investors.

About LuxExperience B.V.

LuxExperience B.V. is a global luxury e-commerce company that operates digital platforms serving fashion and lifestyle customers. The company’s portfolio includes Mytheresa, NET-A-PORTER, MR PORTER, YOOX and THE OUTNET, offering designer apparel, accessories, jewelry, watches, beauty products and related luxury goods.

Its platforms provide curated selections from luxury and premium brands, combining online retail with services such as editorial content, personalized shopping and customer support.