MYT Netherlands Parent B.V. (NYSE:MYTE) Given Consensus Rating of “Moderate Buy” by Brokerages

MYT Netherlands Parent B.V. (NYSE:MYTE – Get Rating) has been assigned an average rating of “Moderate Buy” from the eight ratings firms that are presently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $10.75.

A number of equities research analysts recently weighed in on the stock. Morgan Stanley lowered their price target on shares of MYT Netherlands Parent B.V. from $9.00 to $6.00 and set an “equal weight” rating for the company in a report on Thursday, April 20th. TD Cowen lowered shares of MYT Netherlands Parent B.V. from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $13.00 to $7.00 in a report on Thursday, March 16th. UBS Group reduced their price objective on shares of MYT Netherlands Parent B.V. from $14.00 to $10.00 and set a “buy” rating on the stock in a research note on Thursday, April 6th. Societe Generale downgraded shares of MYT Netherlands Parent B.V. from a “buy” rating to a “hold” rating and set a $7.00 price objective on the stock. in a research note on Thursday, April 20th. Finally, JPMorgan Chase & Co. downgraded shares of MYT Netherlands Parent B.V. from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $9.00 to $7.00 in a research note on Wednesday, April 19th.

MYT Netherlands Parent B.V. Price Performance

MYT Netherlands Parent B.V. stock opened at $4.15 on Monday. MYT Netherlands Parent B.V. has a 52-week low of $3.75 and a 52-week high of $15.90. The firm has a fifty day moving average of $5.83 and a 200-day moving average of $8.44. The firm has a market capitalization of $352.25 million, a P/E ratio of -46.11 and a beta of 1.04. The company has a quick ratio of 0.45, a current ratio of 2.84 and a debt-to-equity ratio of 0.11.

MYT Netherlands Parent B.V. (NYSE:MYTE – Get Rating) last released its quarterly earnings data on Thursday, February 23rd. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.06). MYT Netherlands Parent B.V. had a positive return on equity of 5.34% and a negative net margin of 1.05%. The business had revenue of $194.10 million during the quarter, compared to analyst estimates of $206.80 million. As a group, analysts predict that MYT Netherlands Parent B.V. will post 0.3 EPS for the current year.

Hedge Funds Weigh In On MYT Netherlands Parent B.V.

Several large investors have recently bought and sold shares of the stock. Sylebra Capital Ltd grew its stake in shares of MYT Netherlands Parent B.V. by 0.5% in the 1st quarter. Sylebra Capital Ltd now owns 3,907,220 shares of the company’s stock worth $27,468,000 after purchasing an additional 18,412 shares during the last quarter. TimesSquare Capital Management LLC grew its stake in shares of MYT Netherlands Parent B.V. by 19.8% in the 1st quarter. TimesSquare Capital Management LLC now owns 1,586,390 shares of the company’s stock worth $11,152,000 after purchasing an additional 261,840 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of MYT Netherlands Parent B.V. by 0.4% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 1,272,204 shares of the company’s stock worth $12,569,000 after purchasing an additional 5,500 shares during the last quarter. Invesco Ltd. grew its stake in shares of MYT Netherlands Parent B.V. by 0.3% in the 1st quarter. Invesco Ltd. now owns 1,185,003 shares of the company’s stock worth $14,492,000 after purchasing an additional 3,444 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in shares of MYT Netherlands Parent B.V. by 3.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 734,760 shares of the company’s stock worth $5,165,000 after acquiring an additional 25,644 shares in the last quarter. Institutional investors and hedge funds own 21.84% of the company’s stock.

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.