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

Shares of LuxExperience B.V. – Sponsored ADR (NYSE:LUXE) gapped up before the market opened on Thursday . The stock had previously closed at $8.17, but opened at $8.66. LuxExperience B.V. shares last traded at $8.30, with a volume of 11,147 shares.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on LUXE. Wall Street Zen lowered LuxExperience B.V. from a “hold” rating to a “sell” rating in a research report on Friday, October 3rd. B. Riley initiated coverage on shares of LuxExperience B.V. in a research note on Thursday. They issued a “buy” rating and a $12.00 price objective on the stock. Jefferies Financial Group initiated coverage on shares of LuxExperience B.V. in a research report on Wednesday. They set a “hold” rating and a $9.00 target price for the company. JPMorgan Chase & Co. raised their price target on shares of LuxExperience B.V. from $8.00 to $9.00 and gave the company a “neutral” rating in a research report on Thursday, December 18th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of LuxExperience B.V. in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $10.00.

LuxExperience B.V. Stock Performance

The business’s 50 day moving average price is $8.90. The stock has a market cap of $696.74 million, a PE ratio of 1.86 and a beta of 1.11. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.01 and a current ratio of 2.46.

LuxExperience B.V. (NYSE:LUXE) last issued its quarterly earnings data 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). LuxExperience B.V. had a return on equity of 58.60% and a net margin of 29.45%.The business had revenue of $670.38 million during the quarter, compared to the consensus estimate of $680.63 million.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in LUXE. GAMMA Investing LLC purchased a new stake in shares of LuxExperience B.V. in the 4th quarter worth about $26,000. Wexford Capital LP bought a new position in LuxExperience B.V. in the third quarter worth about $687,000. Prelude Capital Management LLC purchased a new stake in LuxExperience B.V. in the third quarter worth about $3,554,000. Luxor Capital Group LP purchased a new stake in LuxExperience B.V. in the third quarter worth about $5,834,000. Finally, Militia Capital Partners LP bought a new stake in LuxExperience B.V. during the 3rd quarter valued at approximately $299,000. 10.07% of the stock is owned by hedge funds and other institutional investors.

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.