MYT Netherlands Parent B.V. (NYSE:MYTE) Given New $16.00 Price Target at UBS Group

MYT Netherlands Parent B.V. (NYSE:MYTEGet Rating) had its price objective increased by UBS Group from $14.00 to $16.00 in a report released on Tuesday morning, The Fly reports. They currently have a buy rating on the stock.

Several other research firms have also weighed in on MYTE. Cowen reduced their price target on shares of MYT Netherlands Parent B.V. from $22.00 to $17.00 and set an outperform rating for the company in a research report on Friday, September 16th. Credit Suisse Group lowered their price target on shares of MYT Netherlands Parent B.V. from $16.00 to $15.00 and set an outperform rating on the stock in a report on Friday, September 16th. Societe Generale lowered their target price on shares of MYT Netherlands Parent B.V. from $21.00 to $17.00 in a research note on Tuesday, July 12th. Cowen lowered their target price on shares of MYT Netherlands Parent B.V. from $22.00 to $17.00 and set an outperform rating on the stock in a research note on Friday, September 16th. Finally, Morgan Stanley lowered their target price on shares of MYT Netherlands Parent B.V. from $14.00 to $12.00 and set an equal weight rating on the stock in a research note on Friday, September 16th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus price target of $17.63.

MYT Netherlands Parent B.V. Trading Up 0.7 %

MYTE opened at $12.22 on Tuesday. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of -94.00 and a beta of 0.98. MYT Netherlands Parent B.V. has a fifty-two week low of $9.06 and a fifty-two week high of $31.20. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.56 and a quick ratio of 1.13. The company’s 50 day moving average price is $13.25 and its two-hundred day moving average price is $12.01.

Institutional Trading of MYT Netherlands Parent B.V.

Institutional investors and hedge funds have recently made changes to their positions in the company. FourThought Financial LLC grew its position in MYT Netherlands Parent B.V. by 122.7% during the 1st quarter. FourThought Financial LLC now owns 2,761 shares of the company’s stock worth $34,000 after purchasing an additional 1,521 shares in the last quarter. Quantbot Technologies LP acquired a new position in MYT Netherlands Parent B.V. in the first quarter valued at approximately $56,000. Advisor Group Holdings Inc. lifted its holdings 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 buying an additional 2,429 shares during the period. Janney Capital Management LLC raised its holdings in MYT Netherlands Parent B.V. by 67.0% in the first quarter. Janney Capital Management LLC now owns 24,710 shares of the company’s stock worth $302,000 after purchasing an additional 9,914 shares during the period. Finally, Grandeur Peak Global Advisors LLC increased its position in shares of MYT Netherlands Parent B.V. by 21.6% during the first quarter. Grandeur Peak Global Advisors LLC now owns 29,906 shares of the company’s stock worth $366,000 after acquiring an additional 5,306 shares in the last quarter. 18.30% of the stock is owned by hedge funds and other institutional investors.

MYT Netherlands Parent B.V. Company Profile

(Get Rating)

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.

Recommended Stories

The Fly logo

Analyst Recommendations for MYT Netherlands Parent B.V. (NYSE:MYTE)

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