LuxExperience B.V. (NYSE:LUXE) Shares Gap Up – Still a Buy?

LuxExperience B.V. – Sponsored ADR (NYSE:LUXE)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $9.15, but opened at $9.55. LuxExperience B.V. shares last traded at $9.51, with a volume of 4,133 shares.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Wall Street Zen cut shares of LuxExperience B.V. from a “hold” rating to a “sell” rating in a research note on Friday, October 3rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of LuxExperience B.V. in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

LuxExperience B.V. Trading Down 0.9%

The stock has a market cap of $791.86 million, a PE ratio of 1.89 and a beta of 1.10. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.14 and a current ratio of 2.52.

LuxExperience B.V. (NYSE:LUXE) last posted its quarterly earnings results on Thursday, September 25th. The company reported $5.30 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.18) by $5.48. The business had revenue of $666.94 million during the quarter, compared to analyst estimates of $642.60 million. LuxExperience B.V. had a net margin of 45.47% and a return on equity of 90.47%.

Hedge Funds Weigh In On LuxExperience B.V.

Several institutional investors have recently bought and sold shares of the business. Sylebra Capital LLC purchased a new position in shares of LuxExperience B.V. during the third quarter valued at approximately $31,351,000. Portolan Capital Management LLC purchased a new position in LuxExperience B.V. in the third quarter valued at about $13,271,000. Invesco Ltd. purchased a new position in LuxExperience B.V. during the 3rd quarter worth $7,292,000. UBS Group AG acquired a new position in LuxExperience B.V. during the 3rd quarter valued at approximately $1,166,000. Finally, SPX Gestao de Recursos Ltda purchased a new position in shares of LuxExperience B.V. in the third quarter worth $3,178,000. Institutional investors 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.