TD Cowen Raises MYT Netherlands Parent B.V. (NYSE:MYTE) Price Target to $5.00

MYT Netherlands Parent B.V. (NYSE:MYTEFree Report) had its price objective hoisted by TD Cowen from $4.00 to $5.00 in a research note published on Thursday, Benzinga reports. The firm currently has a hold rating on the stock.

Separately, UBS Group reduced their price target on shares of MYT Netherlands Parent B.V. from $5.00 to $4.75 and set a buy rating on the stock in a research report on Friday, February 16th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, MYT Netherlands Parent B.V. presently has a consensus rating of Hold and an average price target of $5.25.

Read Our Latest Analysis on MYT Netherlands Parent B.V.

MYT Netherlands Parent B.V. Trading Up 2.0 %

Shares of MYTE opened at $5.00 on Thursday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.25 and a current ratio of 2.02. The stock’s 50-day moving average price is $3.94 and its two-hundred day moving average price is $3.39. MYT Netherlands Parent B.V. has a 1 year low of $2.05 and a 1 year high of $5.12.

MYT Netherlands Parent B.V. (NYSE:MYTEGet Free Report) last released its quarterly earnings data on Thursday, February 15th. The company reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.01. MYT Netherlands Parent B.V. had a negative net margin of 3.16% and a negative return on equity of 5.94%. The business had revenue of $212.16 million for the quarter, compared to analyst estimates of $228.00 million. Equities analysts expect that MYT Netherlands Parent B.V. will post -0.16 EPS for the current year.

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

Several institutional investors have recently added to or reduced their stakes in the stock. Sylebra Capital LLC acquired a new stake in shares of MYT Netherlands Parent B.V. in the 3rd quarter valued at about $12,982,000. Alta Fox Capital Management LLC bought a new stake in MYT Netherlands Parent B.V. in the 3rd quarter valued at approximately $1,734,000. CastleKnight Management LP boosted its position in MYT Netherlands Parent B.V. by 71.5% during the 4th quarter. CastleKnight Management LP now owns 213,172 shares of the company’s stock worth $680,000 after acquiring an additional 88,872 shares during the last quarter. Avalon Global Asset Management LLC grew its stake in shares of MYT Netherlands Parent B.V. by 8.5% during the 3rd quarter. Avalon Global Asset Management LLC now owns 637,000 shares of the company’s stock worth $2,166,000 after acquiring an additional 50,000 shares in the last quarter. Finally, Vontobel Holding Ltd. raised its holdings in shares of MYT Netherlands Parent B.V. by 13.2% in the fourth quarter. Vontobel Holding Ltd. now owns 175,310 shares of the company’s stock valued at $559,000 after purchasing an additional 20,410 shares during the last quarter. 10.07% of the stock is owned by institutional investors.

About MYT Netherlands Parent B.V.

(Get Free Report)

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.

Featured Stories

Receive News & Ratings for MYT Netherlands Parent B.V. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MYT Netherlands Parent B.V. and related companies with MarketBeat.com's FREE daily email newsletter.