LuxExperience B.V. (NYSE:LUXE) Stock Price Target Raised at TD Cowen

LuxExperience B.V. (NYSE:LUXE) had its price objective raised by TD Cowen from $11.00 to $12.00 in a research note published on Wednesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other research analysts have also recently issued reports on LUXE. Weiss Ratings raised LuxExperience B.V. from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, October 9th. JPMorgan Chase & Co. lifted their price objective on shares of LuxExperience B.V. from $9.00 to $10.00 and gave the company a “neutral” rating in a research note on Thursday, September 17th. B. Riley Financial upped their price objective on shares of LuxExperience B.V. from $12.00 to $13.00 and gave the stock a “buy” rating in a report on Thursday, September 17th. Wall Street Zen raised shares of LuxExperience B.V. from a “strong sell” rating to a “sell” rating in a report on Saturday, September 19th. Finally, Zacks Research upgraded shares of LuxExperience B.V. from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 15th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $11.38.

LuxExperience B.V. Stock Up 0.8%

Shares of LuxExperience B.V. stock opened at $10.53 on Wednesday. The business’s fifty day moving average price is $9.30 and its two-hundred day moving average price is $8.46. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.20 and a quick ratio of 0.79. The company has a market capitalization of $901.99 million, a P/E ratio of -7.36 and a beta of 1.06. LuxExperience B.V. has a 1-year low of $6.54 and a 1-year high of $11.38.

Insider Transactions at LuxExperience B.V.

In other news, CEO Michael Kliger sold 119,263 shares of the business’s stock in a transaction 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 sale, the chief executive officer owned 119,263 shares of the company’s stock, valued at approximately $1,197,400.52. The trade was a 50.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last three months, insiders sold 466,649 shares of company stock worth $4,707,424. Company insiders own 1.90% of the company’s stock.

Institutional Trading of LuxExperience B.V.

Several institutional investors have recently modified their holdings of the company. Solas Capital Management LLC bought a new position in shares of LuxExperience B.V. during the 2nd quarter valued at about $2,560,000. Stoic Point Capital Management LLC grew its stake in shares of LuxExperience B.V. by 58.8% in the 1st quarter. Stoic Point Capital Management LLC now owns 1,640,509 shares of the company’s stock worth $13,124,000 after purchasing an additional 607,240 shares during the last quarter. DJE Kapital AG bought a new stake in shares of LuxExperience B.V. in the 1st quarter worth approximately $6,119,000. Luxor Capital Group LP raised its holdings in shares of LuxExperience B.V. by 11.9% in the 1st quarter. Luxor Capital Group LP now owns 920,435 shares of the company’s stock worth $7,363,000 after purchasing an additional 98,200 shares in the last quarter. Finally, Zweig DiMenna Associates LLC raised its holdings in shares of LuxExperience B.V. by 15.2% in the 1st quarter. Zweig DiMenna Associates LLC now owns 590,000 shares of the company’s stock worth $4,720,000 after purchasing an additional 78,000 shares in the last quarter. Institutional investors and hedge funds own 10.07% of the company’s stock.

About LuxExperience B.V.

LuxExperience B.V. is a global luxury-fashion e-commerce company that operates the Mytheresa, NET-A-PORTER, MR PORTER and YOOX platforms. Its offerings include designer clothing, footwear, handbags, accessories, jewelry, watches and lifestyle products. The company serves customers internationally through its online platforms, which combine curated luxury assortments and editorial content with shopping services. Its brands address different segments of the market, from high-end designer fashion to a broader selection of luxury goods.