MYT Netherlands Parent B.V. (NYSE:MYTE) Shares Sold by Truist Financial Corp

Truist Financial Corp decreased its holdings in MYT Netherlands Parent B.V. (NYSE:MYTE – Get Rating) by 31.1% in the third quarter, Holdings Channel reports. The fund owned 56,667 shares of the company’s stock after selling 25,570 shares during the period. Truist Financial Corp’s holdings in MYT Netherlands Parent B.V. were worth $653,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of MYTE. Quantbot Technologies LP acquired a new stake in shares of MYT Netherlands Parent B.V. during the 1st quarter worth approximately $56,000. Advisor Group Holdings Inc. increased its holdings in shares of MYT Netherlands Parent B.V. by 11.2% during the 1st 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 during the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in shares of MYT Netherlands Parent B.V. during the 2nd quarter worth approximately $412,000. Sei Investments Co. increased its holdings in shares of MYT Netherlands Parent B.V. by 2.5% during the 1st quarter. Sei Investments Co. now owns 67,704 shares of the company’s stock worth $828,000 after buying an additional 1,675 shares during the last quarter. Finally, Lord Abbett & CO. LLC increased its holdings in shares of 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 buying an additional 45,369 shares during the last quarter. Institutional investors and hedge funds own 21.84% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Morgan Stanley dropped their target price on shares of MYT Netherlands Parent B.V. from $10.00 to $9.00 and set an “equal weight” rating for the company in a report on Wednesday, January 18th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $15.14.

MYT Netherlands Parent B.V. Stock Performance

Shares of MYTE stock opened at $11.51 on Monday. The company has a quick ratio of 0.93, a current ratio of 2.85 and a debt-to-equity ratio of 0.09. MYT Netherlands Parent B.V. has a 52 week low of $8.29 and a 52 week high of $19.22. The stock has a market capitalization of $974.71 million, a PE ratio of -191.83 and a beta of 0.78. The firm has a 50 day moving average of $9.91 and a two-hundred day moving average of $11.46.

MYT Netherlands Parent B.V. (NYSE:MYTE – Get Rating) last issued 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 during the quarter, compared to analysts’ expectations of $177.42 million. On average, research analysts predict that MYT Netherlands Parent B.V. will post 0.53 EPS for the current fiscal year.

About MYT Netherlands Parent B.V.

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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.