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Shares of MYT Netherlands Parent B.V. (NYSE:MYTE – Get Rating) have been assigned a consensus rating of “Moderate Buy” from the eight analysts that are presently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $10.75.
Several research firms have weighed in on MYTE. Morgan Stanley lowered their price objective on shares of MYT Netherlands Parent B.V. from $9.00 to $6.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 20th. Societe Generale cut shares of MYT Netherlands Parent B.V. from a “buy” rating to a “hold” rating and set a $7.00 price objective on the stock. in a research report on Thursday, April 20th. UBS Group lowered their price objective on shares of MYT Netherlands Parent B.V. from $14.00 to $10.00 and set a “buy” rating on the stock in a research report on Thursday, April 6th. JPMorgan Chase & Co. cut shares of MYT Netherlands Parent B.V. from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $9.00 to $7.00 in a research report on Wednesday, April 19th. Finally, TD Cowen cut shares of MYT Netherlands Parent B.V. from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $13.00 to $7.00 in a research report on Thursday, March 16th.
MYT Netherlands Parent B.V. Stock Performance
MYTE opened at $4.77 on Thursday. MYT Netherlands Parent B.V. has a twelve month low of $4.72 and a twelve month high of $15.90. The company has a current ratio of 2.71, a quick ratio of 0.66 and a debt-to-equity ratio of 0.09. The stock has a market cap of $404.88 million, a PE ratio of -53.00 and a beta of 1.07. The business’s 50 day moving average is $7.18 and its 200-day moving average is $9.21.
MYT Netherlands Parent B.V. (NYSE:MYTE – Get Rating) last posted its quarterly earnings results on Thursday, February 23rd. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.06). The business had revenue of $194.10 million during the quarter, compared to analyst estimates of $206.80 million. MYT Netherlands Parent B.V. had a positive return on equity of 7.83% and a negative net margin of 0.99%. On average, analysts predict that MYT Netherlands Parent B.V. will post 0.36 earnings per share for the current year.
Institutional Trading of MYT Netherlands Parent B.V.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in MYTE. Advisor Group Holdings Inc. increased its stake in MYT Netherlands Parent B.V. by 11.2% in the first quarter. Advisor Group Holdings Inc. now owns 24,145 shares of the company’s stock valued at $295,000 after acquiring an additional 2,429 shares during the period. Lord Abbett & CO. LLC increased its stake in MYT Netherlands Parent B.V. by 18.1% in the first quarter. Lord Abbett & CO. LLC now owns 296,518 shares of the company’s stock valued at $3,626,000 after acquiring an additional 45,369 shares during the period. Sei Investments Co. increased its stake in MYT Netherlands Parent B.V. by 2.5% in the first quarter. Sei Investments Co. now owns 67,704 shares of the company’s stock valued at $828,000 after acquiring an additional 1,675 shares during the period. Invesco Ltd. increased its stake in MYT Netherlands Parent B.V. by 0.3% in the first quarter. Invesco Ltd. now owns 1,185,003 shares of the company’s stock valued at $14,492,000 after acquiring an additional 3,444 shares during the period. Finally, Quantbot Technologies LP bought a new stake in MYT Netherlands Parent B.V. in the first quarter valued at about $56,000. Institutional investors own 21.84% of the company’s stock.
About MYT Netherlands Parent B.V.
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, rest of Europe, and internationally. It offers womenswear, menswear, kids wear, and lifestyle products. The company sells clothes, bags, shoes, accessories, and fine jewelry through online and retail stores.
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