LuxExperience B.V. (NYSE:LUXE) Shares Gap Down Following Analyst Downgrade

Shares of LuxExperience B.V. – Sponsored ADR (NYSE:LUXE) gapped down before the market opened on Wednesday after JPMorgan Chase & Co. downgraded the stock from an overweight rating to a neutral rating. The stock had previously closed at $10.27, but opened at $9.73. JPMorgan Chase & Co. now has a $10.00 price target on the stock. LuxExperience B.V. shares last traded at $9.77, with a volume of 341,579 shares changing hands.

LUXE has been the subject of several other research reports. Zacks Research lowered shares of LuxExperience B.V. from a “hold” rating to a “strong sell” rating in a research note on Monday, January 26th. Jefferies Financial Group assumed coverage on shares of LuxExperience B.V. in a report on Wednesday, January 14th. They issued a “hold” rating and a $9.00 price target for the company. B. Riley Financial started coverage on shares of LuxExperience B.V. in a research report on Thursday, January 15th. They set a “buy” rating and a $12.00 price objective for the company. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of LuxExperience B.V. in a report on Monday, December 29th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, LuxExperience B.V. presently has an average rating of “Hold” and an average target price of $10.33.

Institutional Trading of LuxExperience B.V.

Large investors have recently modified their holdings of the company. State of Wyoming bought a new stake in LuxExperience B.V. in the 3rd quarter valued at about $49,000. GSA Capital Partners LLP bought a new position in LuxExperience B.V. in the 3rd quarter worth about $211,000. Zweig DiMenna Associates LLC acquired a new stake in shares of LuxExperience B.V. in the third quarter valued at approximately $6,372,000. Fiscal Wisdom Wealth Management LLC bought a new stake in shares of LuxExperience B.V. during the third quarter valued at approximately $236,000. Finally, R Squared Ltd bought a new stake in shares of LuxExperience B.V. during the third quarter valued at approximately $140,000. Institutional investors and hedge funds own 10.07% of the company’s stock.

LuxExperience B.V. Stock Down 4.8%

The firm has a market cap of $838.14 million, a price-to-earnings ratio of 2.26 and a beta of 1.11. The company has a 50-day moving average of $8.57. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.12 and a quick ratio of 0.83.

LuxExperience B.V. (NYSE:LUXE) last posted 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 net margin of 22.82% and a return on equity of 44.51%. The business had revenue of $670.38 million during the quarter, compared to analyst estimates of $680.63 million.

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.