LuxExperience B.V. – Sponsored ADR (NYSE:LUXE) Given Average Recommendation of “Hold” by Brokerages

LuxExperience B.V. – Sponsored ADR (NYSE:LUXE) has been given a consensus recommendation of “Hold” by the five ratings firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $10.00.

A number of brokerages have weighed in on LUXE. Zacks Research cut shares of LuxExperience B.V. from a “hold” rating to a “strong sell” rating in a research report on Monday, January 26th. B. Riley Financial assumed 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 objective for the company. Weiss Ratings upgraded shares of LuxExperience B.V. from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday. Wall Street Zen lowered LuxExperience B.V. from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 2nd. Finally, Jefferies Financial Group started coverage on LuxExperience B.V. in a research note on Wednesday, January 14th. They set a “hold” rating and a $9.00 price target on the stock.

LuxExperience B.V. Stock Down 4.7%

Shares of LUXE opened at $8.67 on Friday. The company’s 50-day moving average price is $8.64 and its 200 day moving average price is $8.82. LuxExperience B.V. has a 12-month low of $7.00 and a 12-month high of $11.38. The company has a current ratio of 2.12, a quick ratio of 0.83 and a debt-to-equity ratio of 0.12. The firm has a market cap of $743.02 million, a P/E ratio of 2.01 and a beta of 1.16.

Hedge Funds Weigh In On LuxExperience B.V.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Zweig DiMenna Associates LLC increased its stake in LuxExperience B.V. by 15.2% during the first quarter. Zweig DiMenna Associates LLC now owns 590,000 shares of the company’s stock worth $4,720,000 after purchasing an additional 78,000 shares during the period. Sanctuary Advisors LLC acquired a new position in shares of LuxExperience B.V. in the first quarter valued at approximately $635,000. Capricorn Fund Managers Ltd increased its stake in 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 worth $8,155,000 after buying an additional 268,263 shares during the period. Invesco Ltd. increased its stake in LuxExperience B.V. by 16.7% during the 4th quarter. Invesco Ltd. now owns 1,001,319 shares of the company’s stock worth $8,361,000 after buying an additional 143,381 shares during the period. Finally, Zazove Associates LLC acquired a new stake in LuxExperience B.V. during the 4th quarter worth approximately $1,673,000. 10.07% of the stock is currently owned by hedge funds and other institutional investors.

About LuxExperience B.V.

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.