JPMorgan Chase & Co. Upgrades LuxExperience B.V. (NYSE:LUXE) to “Overweight”

LuxExperience B.V. (NYSE:LUXE) was upgraded by equities researchers at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a research note issued on Thursday, MarketBeat reports. The brokerage currently has a $14.00 target price on the stock, up from their prior target price of $9.00. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 33.33% from the company’s current price.

LUXE has been the topic of several other research reports. B. Riley Financial assumed coverage on shares of LuxExperience B.V. in a report on Thursday, January 15th. They issued a “buy” rating and a $12.00 target price on the stock. Jefferies Financial Group assumed coverage on LuxExperience B.V. in a research note on Wednesday, January 14th. They issued a “hold” rating and a $9.00 price objective on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of LuxExperience B.V. in a research report on Monday, December 29th. Finally, Zacks Research cut LuxExperience B.V. from a “hold” rating to a “strong sell” rating in a research note on Monday, January 26th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $11.67.

LuxExperience B.V. Price Performance

LuxExperience B.V. stock opened at $10.50 on Thursday. The business has a 50 day moving average of $8.54. LuxExperience B.V. has a one year low of $6.18 and a one year high of $12.06. The firm has a market capitalization of $899.85 million, a price-to-earnings ratio of 2.43 and a beta of 1.11. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.01 and a current ratio of 2.12.

LuxExperience B.V. (NYSE:LUXE) last released its quarterly earnings results on Wednesday, November 19th. The company reported ($0.71) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.28) by ($0.43). The firm had revenue of $670.38 million for the quarter, compared to the consensus estimate of $680.63 million. LuxExperience B.V. had a return on equity of 44.51% and a net margin of 22.82%.

Institutional Trading of LuxExperience B.V.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LUXE. GAMMA Investing LLC acquired a new position in LuxExperience B.V. during the 4th quarter worth approximately $26,000. State of Wyoming bought a new stake in shares of LuxExperience B.V. during the third quarter valued at approximately $49,000. Larson Financial Group LLC bought a new stake in shares of LuxExperience B.V. during the fourth quarter valued at approximately $52,000. HRT Financial LP acquired a new position in shares of LuxExperience B.V. during the fourth quarter worth approximately $114,000. Finally, Americana Partners LLC bought a new position in shares of LuxExperience B.V. in the fourth quarter valued at $127,000. 10.07% of the stock is owned by 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. It serves high-income luxury consumers. The company was founded in 1987 and is based in Munich, Germany.