LuxExperience B.V. (NYSE:LUXE) Shares Gap Down – Time to Sell?

LuxExperience B.V. – Sponsored ADR (NYSE:LUXE) shares gapped down before the market opened on Thursday . The stock had previously closed at $8.87, but opened at $8.57. LuxExperience B.V. shares last traded at $8.59, with a volume of 19,439 shares changing hands.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on LUXE shares. Wall Street Zen downgraded shares of LuxExperience B.V. from a “hold” rating to a “sell” rating in a research report on Friday, October 3rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of LuxExperience B.V. in a research note on Monday. Finally, JPMorgan Chase & Co. raised their price objective on LuxExperience B.V. from $8.00 to $9.00 and gave the company a “neutral” rating in a research note on Thursday. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $9.00.

LuxExperience B.V. Trading Up 0.6%

The business’s fifty day moving average price is $9.12. The company has a current ratio of 2.46, a quick ratio of 1.01 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $733.59 million, a price-to-earnings ratio of 1.96 and a beta of 1.10.

LuxExperience B.V. (NYSE:LUXE) last posted its earnings results on Wednesday, November 19th. The company reported ($0.71) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.43). The firm had revenue of $670.38 million for the quarter, compared to the consensus estimate of $680.63 million. LuxExperience B.V. had a return on equity of 58.60% and a net margin of 29.45%.

Institutional Investors Weigh In On LuxExperience B.V.

Institutional investors have recently bought and sold shares of the stock. State of Wyoming bought a new stake in shares of LuxExperience B.V. in the 3rd quarter worth approximately $49,000. Millennium Management LLC bought a new stake in LuxExperience B.V. during the third quarter worth about $134,000. R Squared Ltd bought a new position in LuxExperience B.V. during the 3rd quarter valued at approximately $140,000. GSA Capital Partners LLP purchased a new position in shares of LuxExperience B.V. in the 3rd quarter worth about $211,000. Finally, Fiscal Wisdom Wealth Management LLC purchased a new position in LuxExperience B.V. in the third quarter worth about $236,000. 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.