LuxExperience B.V. – Sponsored ADR (NYSE:LUXE – Get Free Report)’s share price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $6.54 and last traded at $6.8740, with a volume of 1848317 shares traded. The stock had previously closed at $7.79.
Analyst Ratings Changes
A number of research firms have issued reports on LUXE. Wall Street Zen cut LuxExperience B.V. from a “sell” rating to a “strong sell” rating in a report on Monday. Zacks Research cut LuxExperience B.V. from a “hold” rating to a “strong sell” rating in a report on Monday, January 26th. Weiss Ratings upgraded LuxExperience B.V. from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 4th. Finally, JPMorgan Chase & Co. cut their target price on LuxExperience B.V. from $10.00 to $9.00 and set a “neutral” rating on the stock in a report on Tuesday, April 14th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $10.00.
Check Out Our Latest Analysis on LUXE
LuxExperience B.V. Trading Down 11.8%
Institutional Investors Weigh In On LuxExperience B.V.
Institutional investors and hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC purchased a new stake in LuxExperience B.V. in the 4th quarter valued at $26,000. State of Wyoming purchased a new stake in LuxExperience B.V. in the 3rd quarter valued at $49,000. Larson Financial Group LLC purchased a new stake in LuxExperience B.V. in the 4th quarter valued at $52,000. HRT Financial LP purchased a new stake in LuxExperience B.V. in the 4th quarter valued at $114,000. Finally, XTX Topco Ltd purchased a new stake in LuxExperience B.V. in the 4th quarter valued at $125,000. 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.
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