LuxExperience B.V. (NYSE:LUXE) Now Covered by Analysts at TD Cowen

TD Cowen began coverage on shares of LuxExperience B.V. (NYSE:LUXE) in a report issued on Friday morning,Zacks reports. The firm issued a strong-buy rating on the stock.

Other research analysts have also recently issued research reports about the company. Sanford C. Bernstein assumed coverage on LuxExperience B.V. in a research report on Tuesday, October 6th. They set an “outperform” rating and a $12.90 target price on the stock. JPMorgan Chase & Co. upped their price target on LuxExperience B.V. from $9.00 to $10.00 and gave the stock a “neutral” rating in a report on Thursday, September 17th. B. Riley Financial increased their price target on LuxExperience B.V. from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Thursday, September 17th. Weiss Ratings upgraded LuxExperience B.V. from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, October 9th. Finally, Wall Street Zen upgraded LuxExperience B.V. from a “strong sell” rating to a “sell” rating in a research note on Saturday, September 19th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, LuxExperience B.V. has an average rating of “Moderate Buy” and a consensus price target of $11.18.

LuxExperience B.V. Stock Performance

Shares of LUXE opened at $9.67 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.79 and a current ratio of 2.20. The stock has a 50 day moving average price of $8.90 and a two-hundred day moving average price of $8.38. The firm has a market capitalization of $828.72 million, a P/E ratio of -6.76 and a beta of 1.02. LuxExperience B.V. has a 52 week low of $6.54 and a 52 week high of $11.38.

Insider Transactions at LuxExperience B.V.

In other LuxExperience B.V. news, CEO Michael Kliger sold 8,460 shares of the stock in a transaction dated Monday, October 12th. The shares were sold at an average price of $10.08, for a total value of $85,276.80. Following the completion of the sale, the chief executive officer owned 8,460 shares in the company, valued at approximately $85,276.80. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders have sold 417,861 shares of company stock valued at $4,218,080. Corporate insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On LuxExperience B.V.

A number of hedge funds and other institutional investors have recently modified their holdings of LUXE. GAMMA Investing LLC increased its position in shares of LuxExperience B.V. by 59.3% during the third quarter. GAMMA Investing LLC now owns 4,194 shares of the company’s stock valued at $42,000 after acquiring an additional 1,561 shares during the last quarter. Solas Capital Management LLC bought a new stake in LuxExperience B.V. during the second quarter worth $2,560,000. Engineers Gate Manager LP lifted its holdings in LuxExperience B.V. by 212.2% during the second quarter. Engineers Gate Manager LP now owns 65,245 shares of the company’s stock worth $485,000 after acquiring an additional 44,345 shares during the period. Bank of America Corp DE lifted its holdings in LuxExperience B.V. by 2,291.9% during the first quarter. Bank of America Corp DE now owns 17,054 shares of the company’s stock worth $136,000 after acquiring an additional 16,341 shares during the period. Finally, Stoic Point Capital Management LLC boosted its position in 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 worth $13,124,000 after purchasing an additional 607,240 shares during the last quarter. Hedge funds and other 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 that operates digital platforms serving fashion and lifestyle customers. The company’s portfolio includes Mytheresa, NET-A-PORTER, MR PORTER, YOOX and THE OUTNET, offering designer apparel, accessories, jewelry, watches, beauty products and related luxury goods.

Its platforms provide curated selections from luxury and premium brands, combining online retail with services such as editorial content, personalized shopping and customer support.