TD Cowen Initiates Coverage on LuxExperience B.V. (NYSE:LUXE)

Research analysts at TD Cowen initiated coverage on shares of LuxExperience B.V. (NYSE:LUXE) in a report issued on Friday, Zacks reports. The brokerage set a “strong-buy” rating on the stock.

Several other brokerages have also recently issued reports on LUXE. Sanford C. Bernstein began coverage on LuxExperience B.V. in a report on Tuesday, October 6th. They set an “outperform” rating and a $12.90 price objective on the stock. Weiss Ratings upgraded LuxExperience B.V. from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, October 9th. Zacks Research raised shares of LuxExperience B.V. from a “strong sell” rating to a “hold” rating in a report on Thursday, October 15th. Wall Street Zen raised shares of LuxExperience B.V. from a “strong sell” rating to a “sell” rating in a report on Saturday, September 19th. Finally, JPMorgan Chase & Co. boosted their price target on shares of LuxExperience B.V. from $9.00 to $10.00 and gave the stock a “neutral” rating in a research report on Thursday, September 17th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $11.18.

LuxExperience B.V. Price Performance

Shares of LuxExperience B.V. stock opened at $9.67 on Friday. The stock has a 50 day moving average of $8.90 and a 200 day moving average of $8.38. LuxExperience B.V. has a 12 month low of $6.54 and a 12 month high of $11.38. The firm has a market cap of $828.72 million, a PE ratio of -6.76 and a beta of 1.02. The company has a current ratio of 2.20, a quick ratio of 0.79 and a debt-to-equity ratio of 0.12.

Insider Activity at LuxExperience B.V.

In related news, CEO Michael Kliger sold 119,263 shares of LuxExperience B.V. stock in a transaction dated Tuesday, October 6th. The stock was sold at an average price of $10.04, for a total value of $1,197,400.52. Following the completion of the transaction, the chief executive officer owned 119,263 shares in the company, valued at approximately $1,197,400.52. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders have sold 417,861 shares of company stock valued at $4,218,080. 1.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On LuxExperience B.V.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC increased its position in shares of LuxExperience B.V. by 59.3% during the 3rd quarter. GAMMA Investing LLC now owns 4,194 shares of the company’s stock valued at $42,000 after purchasing an additional 1,561 shares during the last quarter. Solas Capital Management LLC bought a new stake in LuxExperience B.V. in the second quarter worth $2,560,000. Engineers Gate Manager LP lifted its position 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 buying an additional 44,345 shares during the last quarter. Bank of America Corp DE lifted its position 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 buying an additional 16,341 shares during the last quarter. Finally, Stoic Point Capital Management LLC boosted its stake in 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 worth $13,124,000 after buying an additional 607,240 shares during the period. 10.07% of the stock is currently owned by hedge funds and other institutional investors.

About LuxExperience B.V.

LuxExperience B.V. is a global luxury e-commerce company that operates digital platforms serving fashion and lifestyle customers. The company’s portfolio includes Mytheresa, NET-A-PORTER, MR PORTER, YOOX and THE OUTNET, offering designer apparel, accessories, jewelry, watches, beauty products and related luxury goods.

Its platforms provide curated selections from luxury and premium brands, combining online retail with services such as editorial content, personalized shopping and customer support.