LuxExperience B.V. (NYSE:LUXE) Shares Gap Down – What’s Next?

LuxExperience B.V. – Sponsored ADR (NYSE:LUXEGet Free Report) shares gapped down prior to trading on Tuesday . The stock had previously closed at $8.10, but opened at $7.78. LuxExperience B.V. shares last traded at $7.9560, with a volume of 1,245 shares changing hands.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on LUXE. TD Cowen dropped their price objective on LuxExperience B.V. from $12.00 to $8.00 and set a “buy” rating for the company in a research report on Wednesday, May 20th. Weiss Ratings cut LuxExperience B.V. from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, June 2nd. Finally, Wall Street Zen downgraded LuxExperience B.V. from a “sell” rating to a “strong sell” rating in a research note on Monday, May 18th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $9.50.

Check Out Our Latest Report on LuxExperience B.V.

LuxExperience B.V. Trading Up 3.4%

The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.81 and a current ratio of 2.33. The firm has a market cap of $683.03 million, a price-to-earnings ratio of 1.95 and a beta of 1.06. The business has a fifty day simple moving average of $7.83 and a 200-day simple moving average of $8.23.

Institutional Investors Weigh In On LuxExperience B.V.

Several hedge funds have recently added to or reduced their stakes in the business. UBS Group AG bought a new position in shares of LuxExperience B.V. during the third quarter valued at $1,166,000. Invesco Ltd. bought a new stake in shares of LuxExperience B.V. in the third quarter worth $7,292,000. Sylebra Capital LLC bought a new stake in shares of LuxExperience B.V. in the third quarter worth $31,351,000. Boothbay Fund Management LLC bought a new position in LuxExperience B.V. during the 3rd quarter worth $1,705,000. Finally, Millennium Management LLC bought a new position in LuxExperience B.V. during the 3rd quarter worth $134,000. 10.07% of the stock is currently owned by institutional investors and hedge funds.

LuxExperience B.V. Company Profile

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for LuxExperience B.V. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LuxExperience B.V. and related companies with MarketBeat.com's FREE daily email newsletter.