LuxExperience B.V. (NYSE:LUXE) Shares Gap Up – Here’s Why

LuxExperience B.V. – Sponsored ADR (NYSE:LUXE) 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 changing hands.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of LuxExperience B.V. in a report on Wednesday, October 8th. 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. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

LuxExperience B.V. Trading Up 0.2%

The company has a market capitalization of $815.86 million, a P/E ratio of 1.95 and a beta of 1.10. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.52 and a quick ratio of 1.14.

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

Hedge Funds Weigh In On LuxExperience B.V.

Several hedge funds have recently modified their holdings of the company. SPX Gestao de Recursos Ltda acquired a new position in shares of LuxExperience B.V. in the 3rd quarter valued at $3,178,000. R Squared Ltd acquired a new position in LuxExperience B.V. during the third quarter valued at $140,000. Fiscal Wisdom Wealth Management LLC purchased a new stake in shares of LuxExperience B.V. in the third quarter worth approximately $236,000. Zweig DiMenna Associates LLC purchased a new position in shares of LuxExperience B.V. during the 3rd quarter valued at $6,372,000. Finally, GSA Capital Partners LLP acquired a new position in LuxExperience B.V. in the 3rd quarter worth about $211,000. 10.07% of the stock is currently owned by institutional investors and hedge funds.

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.