Stoic Point Capital Management LLC Buys 607,240 Shares of LuxExperience B.V. – Sponsored ADR $LUXE

Stoic Point Capital Management LLC raised its stake in LuxExperience B.V. – Sponsored ADR (NYSE:LUXE) by 58.8% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 1,640,509 shares of the company’s stock after buying an additional 607,240 shares during the quarter. LuxExperience B.V. accounts for approximately 12.8% of Stoic Point Capital Management LLC’s holdings, making the stock its 2nd biggest holding. Stoic Point Capital Management LLC’s holdings in LuxExperience B.V. were worth $13,124,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of LUXE. Sylebra Capital LLC bought a new position in shares of LuxExperience B.V. during the third quarter worth about $31,351,000. Woodson Capital Management LP bought a new stake in LuxExperience B.V. in the 4th quarter valued at about $30,060,000. Pillsbury Lake Capital LLC bought a new stake in LuxExperience B.V. in the 4th quarter valued at about $12,602,000. Nixon Capital LLC acquired a new position in LuxExperience B.V. during the 4th quarter valued at about $10,711,000. Finally, Capricorn Fund Managers Ltd boosted its stake in LuxExperience B.V. by 35.5% during the 1st quarter. Capricorn Fund Managers Ltd now owns 1,023,172 shares of the company’s stock valued at $8,155,000 after purchasing an additional 268,263 shares during the period. Institutional investors and hedge funds own 10.07% of the company’s stock.

Analysts Set New Price Targets

LUXE has been the subject of several recent analyst reports. JPMorgan Chase & Co. decreased their target price on shares of LuxExperience B.V. from $10.00 to $9.00 and set a “neutral” rating for the company in a research report on Tuesday, April 14th. Weiss Ratings downgraded LuxExperience B.V. from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, June 2nd. TD Cowen decreased their price objective on LuxExperience B.V. from $12.00 to $8.00 and set a “buy” rating for the company in a report on Wednesday, May 20th. Finally, Wall Street Zen cut LuxExperience B.V. from a “sell” rating to a “strong sell” rating in a research report on Monday, May 18th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, LuxExperience B.V. currently has an average rating of “Hold” and an average price target of $9.50.

LuxExperience B.V. Price Performance

Shares of NYSE LUXE opened at $8.47 on Wednesday. The stock has a market cap of $725.88 million, a P/E ratio of 2.07 and a beta of 1.07. The firm’s 50-day simple moving average is $7.61 and its 200 day simple moving average is $8.24. LuxExperience B.V. – Sponsored ADR has a fifty-two week low of $6.54 and a fifty-two week high of $11.38. The company has a quick ratio of 0.81, a current ratio of 2.33 and a debt-to-equity ratio of 0.13.

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. It serves high-income luxury consumers. The company was founded in 1987 and is based in Munich, Germany.