Morgan Stanley Trims MYT Netherlands Parent B.V. (NYSE:MYTE) Target Price to $9.00

MYT Netherlands Parent B.V. (NYSE:MYTEGet Rating) had its target price decreased by equities research analysts at Morgan Stanley from $10.00 to $9.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Morgan Stanley’s target price indicates a potential downside of 18.26% from the company’s previous close.

Separately, UBS Group increased their price objective on shares of MYT Netherlands Parent B.V. from $14.00 to $16.00 and gave the company a “buy” rating in a report on Tuesday, September 20th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $15.14.

MYT Netherlands Parent B.V. Price Performance

Shares of NYSE:MYTE opened at $11.01 on Wednesday. The firm’s 50 day moving average is $9.92 and its two-hundred day moving average is $11.43. MYT Netherlands Parent B.V. has a 52 week low of $8.29 and a 52 week high of $20.00. The firm has a market capitalization of $932.37 million, a P/E ratio of -183.50 and a beta of 0.78. The company has a current ratio of 2.85, a quick ratio of 0.93 and a debt-to-equity ratio of 0.09.

MYT Netherlands Parent B.V. (NYSE:MYTEGet Rating) last announced its quarterly earnings results on Tuesday, November 8th. The company reported $0.08 EPS for the quarter, meeting the consensus estimate of $0.08. MYT Netherlands Parent B.V. had a negative net margin of 0.59% and a positive return on equity of 9.99%. The company had revenue of $177.28 million for the quarter, compared to analyst estimates of $177.42 million. Analysts anticipate that MYT Netherlands Parent B.V. will post 0.53 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. DekaBank Deutsche Girozentrale boosted its holdings in MYT Netherlands Parent B.V. by 2.5% during the third quarter. DekaBank Deutsche Girozentrale now owns 42,270 shares of the company’s stock worth $482,000 after buying an additional 1,015 shares in the last quarter. UBS Group AG boosted its holdings in MYT Netherlands Parent B.V. by 19.6% during the third quarter. UBS Group AG now owns 8,555 shares of the company’s stock worth $99,000 after buying an additional 1,403 shares in the last quarter. Sei Investments Co. boosted its holdings in MYT Netherlands Parent B.V. by 2.5% during the first quarter. Sei Investments Co. now owns 67,704 shares of the company’s stock worth $828,000 after buying an additional 1,675 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in MYT Netherlands Parent B.V. by 0.3% during the second quarter. Allspring Global Investments Holdings LLC now owns 644,801 shares of the company’s stock worth $6,370,000 after buying an additional 2,046 shares in the last quarter. Finally, Advisor Group Holdings Inc. boosted its holdings in MYT Netherlands Parent B.V. by 11.2% during the first quarter. Advisor Group Holdings Inc. now owns 24,145 shares of the company’s stock worth $295,000 after buying an additional 2,429 shares in the last quarter. 21.84% of the stock is currently owned by institutional investors.

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.

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