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

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

A number of other hedge funds and other institutional investors have also made changes to their positions in MYTE. 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. 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. 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. Invesco Ltd. increased its holdings in shares of MYT Netherlands Parent B.V. by 0.3% during the 1st quarter. Invesco Ltd. now owns 1,185,003 shares of the company’s stock worth $14,492,000 after buying an additional 3,444 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of MYT Netherlands Parent B.V. during the 1st quarter worth approximately $56,000. Institutional investors and hedge funds own 21.84% of the company’s stock.

MYT Netherlands Parent B.V. Stock Up 4.5 %

MYT Netherlands Parent B.V. stock opened at $11.51 on Monday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.93 and a current ratio of 2.85. MYT Netherlands Parent B.V. has a fifty-two week low of $8.29 and a fifty-two week high of $19.22. The company 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 price of $9.91 and a 200 day moving average price of $11.46.

MYT Netherlands Parent B.V. (NYSE:MYTEGet 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. Research analysts expect that MYT Netherlands Parent B.V. will post 0.53 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley cut their price target 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.

About MYT Netherlands Parent B.V.

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

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