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

LuxExperience B.V. (NYSE:LUXE) was upgraded by equities research analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a research report issued to clients and investors on Thursday, MarketBeat.com reports. The firm presently has a $14.00 price objective on the stock, up from their previous price objective of $9.00. JPMorgan Chase & Co.‘s price target suggests a potential upside of 40.42% from the stock’s previous close.

LUXE has been the subject of a number of other reports. 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. B. Riley Financial began coverage on LuxExperience B.V. in a report on Thursday, January 15th. They set a “buy” rating and a $12.00 price objective for the company. Zacks Research lowered LuxExperience B.V. from a “hold” rating to a “strong sell” rating in a research report on Monday, January 26th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of LuxExperience B.V. in a research report on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $11.67.

LuxExperience B.V. Price Performance

Shares of LuxExperience B.V. stock opened at $9.97 on Thursday. The company has a market cap of $854.43 million, a price-to-earnings ratio of 2.31 and a beta of 1.11. LuxExperience B.V. has a one year low of $6.18 and a one year high of $12.50. The company’s 50-day simple moving average is $8.52. The company has a current ratio of 2.46, a quick ratio of 1.01 and a debt-to-equity ratio of 0.12.

LuxExperience B.V. (NYSE:LUXE) last released its quarterly earnings data on Wednesday, November 19th. The company reported ($0.71) earnings per share for the quarter, missing the consensus estimate of ($0.28) by ($0.43). LuxExperience B.V. had a net margin of 22.82% and a return on equity of 47.84%. The company had revenue of $670.38 million during the quarter, compared to the consensus estimate of $680.63 million.

Institutional Trading of LuxExperience B.V.

Several institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC purchased a new position in LuxExperience B.V. during the fourth quarter worth about $26,000. State of Wyoming bought a new position in shares of LuxExperience B.V. during the 3rd quarter worth approximately $49,000. Larson Financial Group LLC purchased a new position in shares of LuxExperience B.V. in the 4th quarter worth approximately $52,000. Americana Partners LLC purchased a new position in shares of LuxExperience B.V. in the 4th quarter worth approximately $127,000. Finally, Millennium Management LLC bought a new position in shares of LuxExperience B.V. in the third quarter valued at approximately $134,000. Institutional investors own 10.07% of the company’s stock.

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.