JPMorgan Chase & Co. Issues Positive Forecast for LuxExperience B.V. (NYSE:LUXE) Stock Price

LuxExperience B.V. (NYSE:LUXE) had its target price raised by equities research analysts at JPMorgan Chase & Co. from $8.00 to $9.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 5.76% from the company’s previous close.

A number of other analysts have also commented on LUXE. Wall Street Zen lowered shares of LuxExperience B.V. from a “hold” rating to a “sell” rating in a research note on Friday, October 3rd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of LuxExperience B.V. in a report on Monday. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $9.00.

LuxExperience B.V. Stock Performance

LUXE stock remained flat at $8.51 during midday trading on Thursday. The company had a trading volume of 51,422 shares, compared to its average volume of 230,247. The company has a current ratio of 2.46, a quick ratio of 1.01 and a debt-to-equity ratio of 0.12. The stock has a 50-day simple moving average of $9.12. The company has a market capitalization of $729.31 million, a PE ratio of 1.95 and a beta of 1.10. LuxExperience B.V. has a 12 month low of $6.18 and a 12 month high of $12.50.

LuxExperience B.V. (NYSE:LUXE) last released its earnings results on Wednesday, November 19th. The company reported ($0.71) EPS for the quarter, missing the consensus estimate of ($0.28) by ($0.43). LuxExperience B.V. had a return on equity of 58.60% and a net margin of 29.45%.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 hedge funds have recently modified their holdings of LUXE. State of Wyoming acquired a new stake in LuxExperience B.V. in the third quarter worth about $49,000. Millennium Management LLC purchased a new position in LuxExperience B.V. during the third quarter valued at approximately $134,000. R Squared Ltd acquired a new position in shares of LuxExperience B.V. in the 3rd quarter valued at $140,000. GSA Capital Partners LLP acquired a new position in shares of LuxExperience B.V. in the third quarter worth about $211,000. Finally, Fiscal Wisdom Wealth Management LLC acquired a new stake in LuxExperience B.V. in the third quarter valued at approximately $236,000. 10.07% of the stock is owned by hedge funds and other institutional investors.

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.