LuxExperience B.V. (NYSE:LUXE) Price Target Raised to $11.00

LuxExperience B.V. (NYSE:LUXE) had its price objective upped by TD Cowen from $9.00 to $11.00 in a research note issued to investors on Thursday,Benzinga reports. TD Cowen currently has a buy rating on the stock.

Other equities research analysts also recently issued research reports about the company. JPMorgan Chase & Co. boosted their price objective on LuxExperience B.V. from $9.00 to $10.00 and gave the company a “neutral” rating in a report on Thursday, September 17th. Zacks Research lowered shares of LuxExperience B.V. from a “hold” rating to a “strong sell” rating in a research note on Wednesday, September 16th. Wall Street Zen raised shares of LuxExperience B.V. from a “strong sell” rating to a “sell” rating in a research report on Saturday, September 19th. Weiss Ratings upgraded shares of LuxExperience B.V. from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, September 11th. Finally, B. Riley Financial lifted their price target on LuxExperience B.V. from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Thursday, September 17th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, LuxExperience B.V. currently has a consensus rating of “Hold” and an average target price of $10.75.

LuxExperience B.V. Price Performance

Shares of NYSE LUXE opened at $9.39 on Thursday. LuxExperience B.V. has a 1-year low of $6.54 and a 1-year high of $11.38. The firm has a market capitalization of $804.72 million, a P/E ratio of -6.57 and a beta of 1.06. The firm’s 50-day moving average price is $8.08 and its 200-day moving average price is $8.01. 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 Transactions at LuxExperience B.V.

In other LuxExperience B.V. news, CEO Michael Kliger sold 75,412 shares of the business’s stock in a transaction dated Friday, September 18th. The shares were sold at an average price of $10.02, for a total value of $755,628.24. Following the transaction, the chief executive officer directly owned 75,412 shares in the company, valued at $755,628.24. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On LuxExperience B.V.

A number of hedge funds have recently modified their holdings of LUXE. Nixon Capital LLC bought a new position in LuxExperience B.V. during the fourth quarter valued at $10,711,000. DJE Kapital AG bought a new stake in shares of LuxExperience B.V. in the first quarter valued at $6,119,000. Stoic Point Capital Management LLC raised its stake in shares of LuxExperience B.V. by 58.8% in the first quarter. Stoic Point Capital Management LLC now owns 1,640,509 shares of the company’s stock valued at $13,124,000 after buying an additional 607,240 shares during the period. Solas Capital Management LLC purchased a new position in shares of LuxExperience B.V. during the 2nd quarter valued at $2,560,000. Finally, Capricorn Fund Managers Ltd lifted its position in shares of LuxExperience B.V. by 35.5% during the 1st quarter. Capricorn Fund Managers Ltd now owns 1,023,172 shares of the company’s stock valued at $8,155,000 after buying an additional 268,263 shares during the last quarter. Institutional investors own 10.07% of the company’s stock.

LuxExperience B.V. Company Profile

LuxExperience B.V. is a global luxury e-commerce company operating digital platforms that connect consumers with premium fashion, accessories, beauty products and lifestyle goods. Its portfolio includes Mytheresa, NET-A-PORTER, MR PORTER, YOOX and THE OUTNET, offering products from a broad range of established luxury and designer brands.

The company serves customers internationally through localized websites and mobile experiences, providing online shopping, curated product selection, editorial content, customer service and related digital retail services.