LuxExperience B.V. (NYSE:LUXE) Shares Gap Up – Should You Buy?

Shares of LuxExperience B.V. – Sponsored ADR (NYSE:LUXE) gapped up before the market opened on Thursday . The stock had previously closed at $8.17, but opened at $8.66. LuxExperience B.V. shares last traded at $8.30, with a volume of 11,147 shares changing hands.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on LUXE. Jefferies Financial Group assumed coverage on LuxExperience B.V. in a research note on Wednesday. They issued a “hold” rating and a $9.00 price objective for the company. Weiss Ratings reissued a “hold (c-)” rating on shares of LuxExperience B.V. in a report on Monday, December 29th. B. Riley initiated coverage on shares of LuxExperience B.V. in a research report on Thursday. They set a “buy” rating and a $12.00 price objective on the stock. Wall Street Zen downgraded shares of LuxExperience B.V. from a “hold” rating to a “sell” rating in a report on Friday, October 3rd. Finally, JPMorgan Chase & Co. raised their price target on LuxExperience B.V. from $8.00 to $9.00 and gave the company a “neutral” rating in a report on Thursday, December 18th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $10.00.

LuxExperience B.V. Stock Up 2.8%

The company has a market capitalization of $719.87 million, a PE ratio of 1.92 and a beta of 1.11. The company’s 50 day simple moving average is $8.93. The company has a quick ratio of 1.01, a current ratio of 2.46 and a debt-to-equity ratio of 0.12.

LuxExperience B.V. (NYSE:LUXE) last released its quarterly earnings data 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). LuxExperience B.V. had a net margin of 29.45% and a return on equity of 58.60%. The company had revenue of $670.38 million during the quarter, compared to analysts’ expectations of $680.63 million.

Hedge Funds Weigh In On LuxExperience B.V.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Sylebra Capital LLC purchased a new position in shares of LuxExperience B.V. during the third quarter valued at $31,351,000. Portolan Capital Management LLC bought a new stake in shares of LuxExperience B.V. in the 3rd quarter valued at about $13,271,000. Cannell Capital LLC purchased a new stake in shares of LuxExperience B.V. in the 3rd quarter worth approximately $8,891,000. Invesco Ltd. bought a new position in shares of LuxExperience B.V. during the third quarter valued at approximately $7,292,000. Finally, Zweig DiMenna Associates LLC purchased a new position in LuxExperience B.V. during the third quarter valued at approximately $6,372,000. Institutional investors own 10.07% of the company’s stock.

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.