LuxExperience B.V. (NYSE:LUXE) Price Target Raised to $9.00

LuxExperience B.V. (NYSE:LUXE) had its price objective boosted by TD Cowen from $8.00 to $9.00 in a research report report published on Wednesday,Benzinga reports. TD Cowen currently has a buy rating on the stock.

A number of other analysts have also recently issued reports on LUXE. Wall Street Zen cut LuxExperience B.V. from a “sell” rating to a “strong sell” rating in a research report on Monday, May 18th. Weiss Ratings cut LuxExperience B.V. from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, June 2nd. 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 company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $9.75.

LuxExperience B.V. Trading Down 1.4%

LuxExperience B.V. stock opened at $7.75 on Wednesday. The business has a 50 day moving average price of $7.89 and a two-hundred day moving average price of $8.20. The company has a quick ratio of 0.81, a current ratio of 2.33 and a debt-to-equity ratio of 0.13. The stock has a market cap of $664.17 million, a price-to-earnings ratio of 1.89 and a beta of 1.06. LuxExperience B.V. has a 12 month low of $6.54 and a 12 month high of $11.38.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Boothbay Fund Management LLC lifted its stake 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 during the period. Larson Financial Group LLC bought a new stake in shares of LuxExperience B.V. in the 4th quarter valued at approximately $52,000. The Manufacturers Life Insurance Company raised its holdings in shares of LuxExperience B.V. by 64.8% in the 4th quarter. The Manufacturers Life Insurance Company now owns 22,095 shares of the company’s stock worth $184,000 after buying an additional 8,685 shares in the last quarter. State of Wyoming raised its holdings in shares of LuxExperience B.V. by 216.9% in the 4th quarter. State of Wyoming now owns 18,143 shares of the company’s stock worth $151,000 after buying an additional 12,418 shares in the last quarter. Finally, Royal Bank of Canada raised its holdings in shares of LuxExperience B.V. by 12.0% in the 1st quarter. Royal Bank of Canada now owns 127,621 shares of the company’s stock worth $1,020,000 after buying an additional 13,664 shares in the last quarter. Institutional investors and hedge funds own 10.07% of the company’s stock.

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.