LuxExperience B.V. (NYSE:LUXE) Sees Unusually-High Trading Volume – Here’s What Happened

LuxExperience B.V. – Sponsored ADR (NYSE:LUXE) saw strong trading volume on Wednesday . 878,929 shares changed hands during mid-day trading, an increase of 199% from the previous session’s volume of 294,416 shares.The stock last traded at $10.12 and had previously closed at $9.36.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Zacks Research lowered shares of LuxExperience B.V. from a “hold” rating to a “strong sell” rating in a report on Monday, January 26th. B. Riley Financial initiated coverage on shares of LuxExperience B.V. in a research report on Thursday, January 15th. They set a “buy” rating and a $12.00 price target for the company. JPMorgan Chase & Co. upped their price objective on shares of LuxExperience B.V. from $8.00 to $9.00 and gave the stock a “neutral” rating in a report on Thursday, December 18th. Jefferies Financial Group started coverage on shares of LuxExperience B.V. in a research report on Wednesday, January 14th. They set a “hold” rating and a $9.00 price objective for the company. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of LuxExperience B.V. in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $10.00.

LuxExperience B.V. Stock Performance

The firm’s 50-day moving average is $8.51. The stock has a market capitalization of $854.42 million, a P/E ratio of 2.28 and a beta of 1.11. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.46 and a quick ratio of 1.01.

LuxExperience B.V. (NYSE:LUXE) last issued its earnings results on Tuesday, February 10th. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.06). LuxExperience B.V. had a return on equity of 58.60% and a net margin of 29.45%.The business had revenue of $753.09 million for the quarter, compared to analyst estimates of $727.84 million.

Hedge Funds Weigh In On LuxExperience B.V.

Institutional investors have recently bought and sold shares of the company. Militia Capital Partners LP purchased a new position in shares of LuxExperience B.V. during the 3rd quarter worth approximately $299,000. Capricorn Fund Managers Ltd acquired a new position in LuxExperience B.V. during the fourth quarter worth $6,303,000. Fiscal Wisdom Wealth Management LLC raised its position in LuxExperience B.V. by 41.4% in the fourth quarter. Fiscal Wisdom Wealth Management LLC now owns 38,315 shares of the company’s stock worth $320,000 after acquiring an additional 11,225 shares in the last quarter. GSA Capital Partners LLP lifted its holdings in LuxExperience B.V. by 586.2% in the fourth quarter. GSA Capital Partners LLP now owns 170,290 shares of the company’s stock valued at $1,422,000 after acquiring an additional 145,472 shares during the period. Finally, Nixon Capital LLC purchased a new stake in shares of LuxExperience B.V. during the 4th quarter worth $10,711,000. 10.07% of the stock is owned by institutional investors and hedge funds.

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.