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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 seven research firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $15.14.
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Separately, Morgan Stanley cut their price objective on MYT Netherlands Parent B.V. from $10.00 to $9.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 18th.
MYT Netherlands Parent B.V. Stock Down 4.2 %
MYT Netherlands Parent B.V. stock opened at $7.26 on Wednesday. The stock has a market capitalization of $616.23 million, a PE ratio of -80.67 and a beta of 1.13. MYT Netherlands Parent B.V. has a 12 month low of $7.14 and a 12 month high of $15.90. The business has a 50 day simple moving average of $9.99 and a 200-day simple moving average of $10.73. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.71 and a quick ratio of 0.66.
Institutional Trading of MYT Netherlands Parent B.V.
A number of institutional investors have recently made changes to their positions in the company. Natixis acquired a new stake in shares of MYT Netherlands Parent B.V. in the fourth quarter worth approximately $37,000. Sylebra Capital Ltd boosted its stake in shares of MYT Netherlands Parent B.V. by 3.9% in the fourth quarter. Sylebra Capital Ltd now owns 3,888,808 shares of the company’s stock worth $34,649,000 after acquiring an additional 145,030 shares during the last quarter. Millennium Management LLC boosted its stake in shares of MYT Netherlands Parent B.V. by 46.3% in the fourth quarter. Millennium Management LLC now owns 72,560 shares of the company’s stock worth $647,000 after acquiring an additional 22,963 shares during the last quarter. Two Sigma Investments LP acquired a new stake in shares of MYT Netherlands Parent B.V. in the fourth quarter worth approximately $242,000. Finally, Renaissance Technologies LLC acquired a new stake in shares of MYT Netherlands Parent B.V. in the fourth quarter worth approximately $179,000. 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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