LuxExperience B.V. (NYSE:LUXE) Sets New 52-Week Low – Should You Sell?

LuxExperience B.V. – Sponsored ADR (NYSE:LUXE)’s share price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $6.54 and last traded at $6.8740, with a volume of 1848317 shares changing hands. The stock had previously closed at $7.79.

Analyst Ratings Changes

Several research firms have recently issued reports on LUXE. JPMorgan Chase & Co. lowered their price objective on LuxExperience B.V. from $10.00 to $9.00 and set a “neutral” rating for the company in a research note on Tuesday, April 14th. Weiss Ratings upgraded LuxExperience B.V. from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 4th. Zacks Research cut LuxExperience B.V. from a “hold” rating to a “strong sell” rating in a report on Monday, January 26th. Finally, Wall Street Zen cut LuxExperience B.V. from a “sell” rating to a “strong sell” rating in a report on Monday. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $10.00.

LuxExperience B.V. Price Performance

The company has a fifty day moving average of $8.38 and a 200 day moving average of $8.74. The firm has a market capitalization of $589.10 million, a P/E ratio of 1.59 and a beta of 1.16. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.12 and a quick ratio of 0.83.

Hedge Funds Weigh In On LuxExperience B.V.

A number of institutional investors and hedge funds have recently modified their holdings of the business. GAMMA Investing LLC bought a new position in shares of LuxExperience B.V. during the 4th quarter worth approximately $26,000. Boothbay Fund Management LLC boosted its holdings in shares of LuxExperience B.V. by 2.4% during the 4th quarter. Boothbay Fund Management LLC now owns 205,488 shares of the company’s stock worth $1,716,000 after buying an additional 4,872 shares in the last quarter. State of Wyoming bought a new position in shares of LuxExperience B.V. during the 3rd quarter worth approximately $49,000. Larson Financial Group LLC bought a new position in shares of LuxExperience B.V. during the 4th quarter worth approximately $52,000. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of LuxExperience B.V. by 64.8% during the 4th quarter. The Manufacturers Life Insurance Company now owns 22,095 shares of the company’s stock worth $184,000 after buying an additional 8,685 shares in the last quarter. 10.07% of the stock is currently owned by 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.