DJE Kapital AG Buys Shares of 2,215,915 MYT Netherlands Parent B.V. (NYSE:MYTE)

DJE Kapital AG purchased a new position in shares of MYT Netherlands Parent B.V. (NYSE:MYTE - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 2,215,915 shares of the company's stock, valued at approximately $15,667,000. DJE Kapital AG owned approximately 2.60% of MYT Netherlands Parent B.V. at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Luxor Capital Group LP raised its stake in MYT Netherlands Parent B.V. by 94.3% during the third quarter. Luxor Capital Group LP now owns 459,588 shares of the company's stock worth $1,751,000 after purchasing an additional 223,013 shares during the period. Capricorn Fund Managers Ltd purchased a new position in shares of MYT Netherlands Parent B.V. in the 4th quarter worth $4,225,000. Portolan Capital Management LLC boosted its holdings in MYT Netherlands Parent B.V. by 30.6% in the third quarter. Portolan Capital Management LLC now owns 1,805,758 shares of the company's stock valued at $6,880,000 after acquiring an additional 422,942 shares during the last quarter. Finally, Coronation Fund Managers Ltd. purchased a new stake in MYT Netherlands Parent B.V. during the fourth quarter valued at about $124,000. 10.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, TD Cowen raised MYT Netherlands Parent B.V. from a "hold" rating to a "buy" rating and lifted their price objective for the company from $13.00 to $14.00 in a research note on Monday.

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MYT Netherlands Parent B.V. Trading Down 3.0 %

Shares of MYT Netherlands Parent B.V. stock traded down $0.33 during trading hours on Thursday, hitting $10.54. The company's stock had a trading volume of 113,003 shares, compared to its average volume of 181,101. The business has a fifty day moving average of $9.36 and a 200 day moving average of $6.99. MYT Netherlands Parent B.V. has a 1-year low of $3.13 and a 1-year high of $12.50. The company has a quick ratio of 0.22, a current ratio of 1.78 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $898.96 million, a PE ratio of -24.52 and a beta of 0.96.

MYT Netherlands Parent B.V. (NYSE:MYTE - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.10. MYT Netherlands Parent B.V. had a negative return on equity of 5.88% and a negative net margin of 3.98%. As a group, equities analysts forecast that MYT Netherlands Parent B.V. will post -0.39 EPS for the current year.

About MYT Netherlands Parent B.V.

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.