MYT Netherlands Parent B.V. (NYSE:MYTE) Shares Up 5.5% - Time to Buy?

Shares of MYT Netherlands Parent B.V. (NYSE:MYTE - Get Free Report) were up 5.5% during mid-day trading on Monday . The company traded as high as $11.25 and last traded at $11.01. Approximately 31,839 shares changed hands during trading, a decline of 81% from the average daily volume of 169,773 shares. The stock had previously closed at $10.44.

Analyst Upgrades and Downgrades

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

MYT Netherlands Parent B.V. Price Performance

The company has a 50-day moving average price of $9.43 and a two-hundred day moving average price of $7.02. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.78 and a quick ratio of 0.22. The company has a market cap of $857.78 million, a PE ratio of -23.39 and a beta of 0.96.

MYT Netherlands Parent B.V. (NYSE:MYTE - Get Free Report) last issued its earnings results 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 return on equity of 5.88% and a negative net margin of 3.98%. Sell-side analysts expect that MYT Netherlands Parent B.V. will post -0.39 earnings per share for the current fiscal year.

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

Institutional investors and hedge funds have recently modified their holdings of the stock. Portolan Capital Management LLC lifted its stake in shares of 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 worth $6,880,000 after acquiring an additional 422,942 shares in the last quarter. Luxor Capital Group LP lifted its stake in shares of MYT Netherlands Parent B.V. by 94.3% in the third quarter. Luxor Capital Group LP now owns 459,588 shares of the company's stock worth $1,751,000 after acquiring an additional 223,013 shares in the last quarter. Capricorn Fund Managers Ltd acquired a new position in shares of MYT Netherlands Parent B.V. in the fourth quarter worth about $4,225,000. Coronation Fund Managers Ltd. acquired a new position in shares of MYT Netherlands Parent B.V. in the fourth quarter worth about $124,000. Finally, DJE Kapital AG acquired a new position in shares of MYT Netherlands Parent B.V. in the fourth quarter worth about $15,667,000. Hedge funds and other institutional investors own 10.07% of the company's stock.

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.