LuxExperience B.V. (NYSE:LUXE) Reaches New 12-Month Low Following Analyst Downgrade

LuxExperience B.V. – Sponsored ADR (NYSE:LUXE) shares hit a new 52-week low during trading on Wednesday after Weiss Ratings downgraded the stock from a hold (c+) rating to a hold (c) rating. The company traded as low as $6.54 and last traded at $6.8740, with a volume of 1848317 shares traded. The stock had previously closed at $7.79.

Several other brokerages have also recently issued reports on LUXE. Zacks Research cut LuxExperience B.V. from a “hold” rating to a “strong sell” rating in a report on Monday, January 26th. Wall Street Zen lowered LuxExperience B.V. from a “sell” rating to a “strong sell” rating in a research note on Monday. TD Cowen cut their price target on LuxExperience B.V. from $12.00 to $8.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, JPMorgan Chase & Co. cut their price target on LuxExperience B.V. from $10.00 to $9.00 and set a “neutral” rating for the company in a research note on Tuesday, April 14th. Two research analysts have 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 presently has an average rating of “Hold” and a consensus target price of $9.50.

Hedge Funds Weigh In On LuxExperience B.V.

Institutional investors and hedge funds have recently modified their holdings of the business. GAMMA Investing LLC purchased a new stake in LuxExperience B.V. during the 4th quarter worth approximately $26,000. State of Wyoming purchased a new stake in LuxExperience B.V. during the 3rd quarter worth approximately $49,000. Larson Financial Group LLC purchased a new stake in LuxExperience B.V. during the 4th quarter worth approximately $52,000. HRT Financial LP purchased a new stake in LuxExperience B.V. during the 4th quarter worth approximately $114,000. Finally, XTX Topco Ltd purchased a new stake in LuxExperience B.V. during the 4th quarter worth approximately $125,000. Hedge funds and other institutional investors own 10.07% of the company’s stock.

LuxExperience B.V. Trading Down 1.3%

The company has a 50 day simple moving average of $8.32 and a 200 day simple moving average of $8.71. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.83 and a current ratio of 2.33. The company has a market capitalization of $620.90 million, a PE ratio of 1.77 and a beta of 1.16.

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.