MYT Netherlands Parent B.V. (NYSE:MYTE - Get Free Report)'s stock price was up 9.1% during mid-day trading on Tuesday . The company traded as high as $7.24 and last traded at $7.15. Approximately 38,984 shares were traded during trading, a decline of 80% from the average daily volume of 199,274 shares. The stock had previously closed at $6.56.
Analysts Set New Price Targets
Separately, TD Cowen upgraded MYT Netherlands Parent B.V. from a "hold" rating to a "buy" rating and increased their target price for the stock from $13.00 to $14.00 in a research note on Monday, March 3rd.
View Our Latest Research Report on MYTE
MYT Netherlands Parent B.V. Stock Up 1.4 %
The stock has a fifty day moving average price of $9.23 and a two-hundred day moving average price of $7.82. The company has a market cap of $678.55 million, a price-to-earnings ratio of -18.51 and a beta of 1.08. The company has a quick ratio of 0.22, a current ratio of 1.78 and a debt-to-equity ratio of 0.09.
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, topping the consensus estimate of ($0.03) by $0.10. MYT Netherlands Parent B.V. had a negative net margin of 3.98% and a negative return on equity of 5.88%. As a group, sell-side analysts expect that MYT Netherlands Parent B.V. will post -0.39 EPS for the current year.
Hedge Funds Weigh In On MYT Netherlands Parent B.V.
A number of hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE grew its holdings in shares of MYT Netherlands Parent B.V. by 9,153.3% during the 4th quarter. Bank of America Corp DE now owns 4,164 shares of the company's stock worth $30,000 after purchasing an additional 4,119 shares in the last quarter. GAMMA Investing LLC bought a new stake in MYT Netherlands Parent B.V. during the first quarter worth about $47,000. JPMorgan Chase & Co. bought a new stake in MYT Netherlands Parent B.V. during the fourth quarter worth about $80,000. XTX Topco Ltd acquired a new stake in MYT Netherlands Parent B.V. during the fourth quarter worth about $96,000. Finally, BNP Paribas Financial Markets bought a new position in MYT Netherlands Parent B.V. in the 4th quarter valued at about $106,000. Institutional investors own 10.07% 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.
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