MYT Netherlands Parent B.V. (NYSE:MYTE) Stock Rating Upgraded by TD Cowen

TD Cowen upgraded shares of MYT Netherlands Parent B.V. (NYSE:MYTE - Free Report) from a hold rating to a buy rating in a report published on Monday, MarketBeat reports. They currently have $14.00 target price on the stock, up from their previous target price of $13.00.

MYT Netherlands Parent B.V. Stock Down 3.0 %

Shares of MYT Netherlands Parent B.V. stock traded down $0.33 during trading hours on Monday, hitting $10.54. 113,003 shares of the company's stock traded hands, compared to its average volume of 181,126. MYT Netherlands Parent B.V. has a twelve month low of $3.13 and a twelve month high of $12.50. The company has a market cap of $898.96 million, a PE ratio of -24.52 and a beta of 0.96. 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 stock has a 50 day simple moving average of $9.36 and a 200-day simple moving average of $6.99.

MYT Netherlands Parent B.V. (NYSE:MYTE - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.07 earnings per share for the quarter, beating analysts' consensus estimates 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%. Equities research analysts anticipate that MYT Netherlands Parent B.V. will post -0.39 earnings per share for the current fiscal year.

Remove Ads

Institutional Investors Weigh In On MYT Netherlands Parent B.V.

A number of institutional investors have recently modified their holdings of the stock. Bank of America Corp DE increased its holdings in MYT Netherlands Parent B.V. by 9,153.3% in the fourth quarter. Bank of America Corp DE now owns 4,164 shares of the company's stock valued at $30,000 after buying an additional 4,119 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in shares of MYT Netherlands Parent B.V. in the 4th quarter worth approximately $80,000. XTX Topco Ltd bought a new stake in shares of MYT Netherlands Parent B.V. in the 4th quarter valued at approximately $96,000. BNP Paribas Financial Markets bought a new position in MYT Netherlands Parent B.V. during the fourth quarter worth $106,000. Finally, Coronation Fund Managers Ltd. bought a new position in MYT Netherlands Parent B.V. during the fourth quarter worth $124,000. Institutional investors and hedge funds own 10.07% of the company's stock.

MYT Netherlands Parent B.V. Company Profile

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.