LuxExperience B.V. (NYSE:LUXE) Trading 4.7% Higher After Analyst Upgrade

LuxExperience B.V. – Sponsored ADR (NYSE:LUXE) shares were up 4.7% on Thursday after TD Cowen raised their price target on the stock from $9.00 to $11.00. TD Cowen currently has a buy rating on the stock. LuxExperience B.V. traded as high as $9.41 and last traded at $9.34. 145,377 shares were traded during mid-day trading, a decline of 42% from the average daily volume of 249,465 shares. The stock had previously closed at $8.92.

Several other research firms have also commented on LUXE. JPMorgan Chase & Co. increased 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 report on Thursday, September 17th. Wall Street Zen upgraded shares of LuxExperience B.V. from a “strong sell” rating to a “sell” rating in a research report on Saturday, September 19th. Zacks Research cut shares of LuxExperience B.V. from a “hold” rating to a “strong sell” rating in a research report on Wednesday, September 16th. Weiss Ratings upgraded LuxExperience B.V. from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, September 11th. Finally, B. Riley Financial boosted their price objective on LuxExperience B.V. from $12.00 to $13.00 and gave the stock a “buy” rating in a research note on Thursday, September 17th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $10.75.

Insiders Place Their Bets

In other LuxExperience B.V. news, CEO Michael Kliger sold 75,412 shares of the business’s stock in a transaction on Friday, September 18th. The shares were sold at an average price of $10.02, for a total transaction of $755,628.24. Following the transaction, the chief executive officer owned 75,412 shares in the company, valued at $755,628.24. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On LuxExperience B.V.

A number of large investors have recently made changes to their positions in the company. Solas Capital Management LLC bought a new position in LuxExperience B.V. during the 2nd quarter valued at about $2,560,000. Engineers Gate Manager LP lifted its stake in LuxExperience B.V. by 212.2% in the second quarter. Engineers Gate Manager LP now owns 65,245 shares of the company’s stock worth $485,000 after purchasing an additional 44,345 shares during the last quarter. Bank of America Corp DE lifted its stake in LuxExperience B.V. by 2,291.9% in the first quarter. Bank of America Corp DE now owns 17,054 shares of the company’s stock worth $136,000 after purchasing an additional 16,341 shares during the last quarter. Stoic Point Capital Management LLC boosted its position in shares of LuxExperience B.V. by 58.8% during the first quarter. Stoic Point Capital Management LLC now owns 1,640,509 shares of the company’s stock valued at $13,124,000 after buying an additional 607,240 shares during the period. Finally, Royal Bank of Canada boosted its position in shares of LuxExperience B.V. by 12.0% during the first quarter. Royal Bank of Canada now owns 127,621 shares of the company’s stock valued at $1,020,000 after buying an additional 13,664 shares during the period. 10.07% of the stock is owned by hedge funds and other institutional investors.

LuxExperience B.V. Stock Performance

The company has a quick ratio of 0.79, a current ratio of 2.20 and a debt-to-equity ratio of 0.12. The business has a 50 day moving average price of $8.03 and a 200 day moving average price of $8.00. The stock has a market cap of $800.01 million, a P/E ratio of -6.53 and a beta of 1.06.

About LuxExperience B.V.

LuxExperience B.V. is a global luxury e-commerce company operating digital platforms that connect consumers with premium fashion, accessories, beauty products and lifestyle goods. Its portfolio includes Mytheresa, NET-A-PORTER, MR PORTER, YOOX and THE OUTNET, offering products from a broad range of established luxury and designer brands.

The company serves customers internationally through localized websites and mobile experiences, providing online shopping, curated product selection, editorial content, customer service and related digital retail services.