LuxExperience B.V. (NYSE:LUXE) Shares Gap Down After Analyst Downgrade

LuxExperience B.V. – Sponsored ADR (NYSE:LUXE)’s share price gapped down prior to trading on Tuesday after Wall Street Zen downgraded the stock from a sell rating to a strong sell rating. The stock had previously closed at $7.79, but opened at $7.29. LuxExperience B.V. shares last traded at $7.12, with a volume of 159,106 shares traded.

Several other research firms also recently issued reports on LUXE. Zacks Research downgraded shares of LuxExperience B.V. from a “hold” rating to a “strong sell” rating in a report on Monday, January 26th. Weiss Ratings raised shares of LuxExperience B.V. from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. Finally, JPMorgan Chase & Co. cut their price target on shares of LuxExperience B.V. from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 14th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, LuxExperience B.V. has an average rating of “Hold” and a consensus target price of $10.00.

Hedge Funds Weigh In On LuxExperience B.V.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC purchased a new position in LuxExperience B.V. during the 4th quarter worth approximately $26,000. State of Wyoming purchased a new stake in shares of LuxExperience B.V. in the 3rd quarter valued at $49,000. Larson Financial Group LLC acquired a new stake in shares of LuxExperience B.V. in the fourth quarter worth $52,000. HRT Financial LP purchased a new position in shares of LuxExperience B.V. during the fourth quarter worth $114,000. Finally, XTX Topco Ltd purchased a new position in shares of LuxExperience B.V. during the fourth quarter worth $125,000. Institutional investors and hedge funds own 10.07% of the company’s stock.

LuxExperience B.V. Stock Down 8.4%

The company has a quick ratio of 0.83, a current ratio of 2.12 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $611.64 million, a price-to-earnings ratio of 1.66 and a beta of 1.16. The business’s 50-day moving average is $8.42 and its 200-day moving average is $8.76.

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.