MYT Netherlands Parent B.V. (NYSE:MYTE) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. cut its stake in shares of MYT Netherlands Parent B.V. (NYSE:MYTEGet Rating) by 12.3% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 107,571 shares of the company’s stock after selling 15,121 shares during the period. Envestnet Asset Management Inc.’s holdings in MYT Netherlands Parent B.V. were worth $1,063,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MYTE. Amitell Capital Pte Ltd acquired a new position in MYT Netherlands Parent B.V. during the 1st quarter worth approximately $1,853,000. Bank of America Corp DE lifted its position in MYT Netherlands Parent B.V. by 41.9% during the 1st quarter. Bank of America Corp DE now owns 358,846 shares of the company’s stock worth $4,389,000 after acquiring an additional 105,983 shares in the last quarter. GAM Holding AG lifted its position in MYT Netherlands Parent B.V. by 11.8% during the 1st quarter. GAM Holding AG now owns 941,618 shares of the company’s stock worth $11,516,000 after acquiring an additional 99,640 shares in the last quarter. Lord Abbett & CO. LLC lifted its position in MYT Netherlands Parent B.V. by 18.1% during the 1st quarter. Lord Abbett & CO. LLC now owns 296,518 shares of the company’s stock worth $3,626,000 after acquiring an additional 45,369 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale acquired a new position in MYT Netherlands Parent B.V. during the 2nd quarter worth approximately $412,000. 18.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on MYTE shares. Morgan Stanley cut their target price on MYT Netherlands Parent B.V. from $12.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 25th. Cowen cut their target price on MYT Netherlands Parent B.V. from $22.00 to $17.00 and set an “outperform” rating on the stock in a research report on Friday, September 16th. Credit Suisse Group cut their target price on MYT Netherlands Parent B.V. from $16.00 to $15.00 and set an “outperform” rating on the stock in a research report on Friday, September 16th. Cowen cut their target price on MYT Netherlands Parent B.V. from $22.00 to $17.00 and set an “outperform” rating on the stock in a research report on Friday, September 16th. Finally, UBS Group upped their target price on MYT Netherlands Parent B.V. from $14.00 to $16.00 and gave the company a “buy” rating in a research report on Tuesday, September 20th. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, MYT Netherlands Parent B.V. currently has a consensus rating of “Moderate Buy” and an average target price of $15.29.

MYT Netherlands Parent B.V. Price Performance

Shares of NYSE MYTE opened at $10.04 on Thursday. MYT Netherlands Parent B.V. has a twelve month low of $8.91 and a twelve month high of $27.82. The company has a current ratio of 2.85, a quick ratio of 0.93 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $850.23 million, a price-to-earnings ratio of -165.17 and a beta of 0.91. The business has a 50 day simple moving average of $11.21 and a 200-day simple moving average of $11.72.

MYT Netherlands Parent B.V. (NYSE:MYTEGet Rating) last issued its quarterly earnings data on Thursday, September 15th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.07. The firm had revenue of $186.28 million during the quarter, compared to the consensus estimate of $188.39 million. MYT Netherlands Parent B.V. had a positive return on equity of 9.99% and a negative net margin of 0.59%. As a group, equities research analysts expect that MYT Netherlands Parent B.V. will post 0.53 earnings per share for the current year.

MYT Netherlands Parent B.V. Company Profile

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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.

See Also

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Institutional Ownership by Quarter for MYT Netherlands Parent B.V. (NYSE:MYTE)

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