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Shares of MYT Netherlands Parent B.V. (NYSE:MYTE – Get Rating) have been assigned a consensus rating of “Hold” from the nine brokerages that are presently covering the company, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $10.00.
A number of analysts have commented on the stock. TD Cowen lowered shares of MYT Netherlands Parent B.V. from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $13.00 to $7.00 in a research note on Thursday, March 16th. Jefferies Financial Group lowered shares of MYT Netherlands Parent B.V. from a “buy” rating to a “hold” rating and reduced their target price for the stock from $19.00 to $4.00 in a research note on Wednesday. UBS Group reduced their target price on shares of MYT Netherlands Parent B.V. from $14.00 to $10.00 and set a “buy” rating for the company in a research note on Thursday, April 6th. Morgan Stanley reduced their target price on shares of MYT Netherlands Parent B.V. from $9.00 to $6.00 and set an “equal weight” rating for the company in a research note on Thursday, April 20th. Finally, JPMorgan Chase & Co. lowered shares of MYT Netherlands Parent B.V. from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $9.00 to $7.00 in a research note on Wednesday, April 19th.
MYT Netherlands Parent B.V. Stock Up 5.5 %
MYT Netherlands Parent B.V. stock opened at $4.06 on Friday. The company has a 50 day moving average of $4.81 and a 200-day moving average of $7.62. The company has a quick ratio of 0.45, a current ratio of 2.84 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $344.61 million, a PE ratio of -45.11 and a beta of 1.05. MYT Netherlands Parent B.V. has a twelve month low of $3.75 and a twelve month high of $15.90.
MYT Netherlands Parent B.V. (NYSE:MYTE – Get Rating) last released its quarterly earnings results on Wednesday, May 10th. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.09). MYT Netherlands Parent B.V. had a positive return on equity of 5.34% and a negative net margin of 1.05%. The business had revenue of $213.37 million for the quarter, compared to the consensus estimate of $236.00 million. On average, equities research analysts anticipate that MYT Netherlands Parent B.V. will post 0.23 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in MYTE. Advisor Group Holdings Inc. grew its holdings in shares of 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 purchasing an additional 2,429 shares during the period. Lord Abbett & CO. LLC lifted its position 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 buying an additional 45,369 shares during the last quarter. Sei Investments Co. lifted its position 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 buying an additional 1,675 shares during the last quarter. Invesco Ltd. lifted its position 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 buying an additional 3,444 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of MYT Netherlands Parent B.V. during the first quarter worth about $56,000. 21.84% of the stock is owned by institutional investors and hedge funds.
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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