LuxExperience B.V. (NYSE:LUXE) Stock Price Up 11.5% – Time to Buy?

Shares of LuxExperience B.V. – Sponsored ADR (NYSE:LUXE) traded up 11.5% during trading on Wednesday . The company traded as high as $8.78 and last traded at $8.72. 252,419 shares changed hands during mid-day trading, a decline of 15% from the average session volume of 296,770 shares. The stock had previously closed at $7.82.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Zacks Research downgraded LuxExperience B.V. from a “hold” rating to a “strong sell” rating in a research note on Monday, January 26th. Weiss Ratings restated a “hold (c-)” rating on shares of LuxExperience B.V. in a research note on Monday, December 29th. B. Riley Financial assumed coverage on LuxExperience B.V. in a research note on Thursday, January 15th. They issued a “buy” rating and a $12.00 target price for the company. JPMorgan Chase & Co. downgraded LuxExperience B.V. from an “overweight” rating to a “neutral” rating and set a $10.00 target price for the company. in a research note on Wednesday, February 18th. Finally, 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 target price for the company. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, LuxExperience B.V. has an average rating of “Hold” and an average price target of $10.33.

LuxExperience B.V. Stock Up 10.6%

The company has a debt-to-equity ratio of 0.12, a current ratio of 2.12 and a quick ratio of 0.83. The company has a 50-day moving average of $8.66. The firm has a market cap of $741.30 million, a price-to-earnings ratio of 2.00 and a beta of 1.15.

Institutional Investors Weigh In On LuxExperience B.V.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC bought a new stake in LuxExperience B.V. during the fourth quarter worth approximately $26,000. Boothbay Fund Management LLC raised its holdings in LuxExperience B.V. by 2.4% during the fourth quarter. Boothbay Fund Management LLC now owns 205,488 shares of the company’s stock worth $1,716,000 after purchasing an additional 4,872 shares in the last quarter. State of Wyoming bought a new stake in LuxExperience B.V. during the third quarter worth approximately $49,000. Larson Financial Group LLC bought a new stake in LuxExperience B.V. during the fourth quarter worth approximately $52,000. Finally, The Manufacturers Life Insurance Company raised its holdings in LuxExperience B.V. by 64.8% during the fourth quarter. The Manufacturers Life Insurance Company now owns 22,095 shares of the company’s stock worth $184,000 after purchasing an additional 8,685 shares in the last quarter. 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.