LuxExperience B.V. (NYSE:LUXE) Announces Earnings Results

LuxExperience B.V. (NYSE:LUXE) posted its earnings results on Tuesday. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.06), Zacks reports. The firm had revenue of $753.09 million during the quarter, compared to analyst estimates of $727.84 million. LuxExperience B.V. had a net margin of 29.45% and a return on equity of 58.60%.

LuxExperience B.V. Price Performance

Shares of LuxExperience B.V. stock opened at $9.36 on Wednesday. The stock has a market cap of $802.15 million, a price-to-earnings ratio of 2.14 and a beta of 1.11. The company has a current ratio of 2.46, a quick ratio of 1.01 and a debt-to-equity ratio of 0.12. LuxExperience B.V. has a fifty-two week low of $6.18 and a fifty-two week high of $12.50. The business’s fifty day simple moving average is $8.51.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on LUXE shares. B. Riley Financial started coverage on shares of LuxExperience B.V. in a report on Thursday, January 15th. They set a “buy” rating and a $12.00 target price for the company. Zacks Research cut shares of LuxExperience B.V. from a “hold” rating to a “strong sell” rating in a research note on Monday, January 26th. Jefferies Financial Group initiated coverage on LuxExperience B.V. in a report on Wednesday, January 14th. They set a “hold” rating and a $9.00 target price on the stock. JPMorgan Chase & Co. raised their price target on LuxExperience B.V. from $8.00 to $9.00 and gave the stock a “neutral” rating in a research report on Thursday, December 18th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of LuxExperience B.V. in a research note on Monday, December 29th. One research analyst has 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. presently has an average rating of “Hold” and an average target price of $10.00.

Institutional Trading of LuxExperience B.V.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LUXE. UBS Group AG purchased a new stake in shares of LuxExperience B.V. in the third quarter worth about $1,166,000. Invesco Ltd. purchased a new position in LuxExperience B.V. in the 3rd quarter worth approximately $7,292,000. Sylebra Capital LLC purchased a new position in LuxExperience B.V. in the 3rd quarter worth approximately $31,351,000. Boothbay Fund Management LLC purchased a new stake in shares of LuxExperience B.V. during the third quarter valued at approximately $1,705,000. Finally, Millennium Management LLC purchased a new stake in shares of LuxExperience B.V. during the third quarter valued at approximately $134,000. Hedge funds and other 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.