MYT Netherlands Parent B.V. (NYSE:MYTE) Sets New 1-Year High Following Strong Earnings

MYT Netherlands Parent B.V. (NYSE:MYTE)’s share price hit a new 52-week high on Tuesday following a stronger than expected earnings report. The company traded as high as $12.00 and last traded at $11.19, with a volume of 77896 shares trading hands. The stock had previously closed at $10.00.

The company reported $0.07 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 8.24% and a negative net margin of 4.18%.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. DJE Kapital AG acquired a new position in MYT Netherlands Parent B.V. during the fourth quarter worth approximately $15,667,000. Portolan Capital Management LLC grew its position in shares of MYT Netherlands Parent B.V. by 30.6% during 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 during the last quarter. Capricorn Fund Managers Ltd acquired a new position in shares of MYT Netherlands Parent B.V. in the 4th quarter valued at $4,225,000. Luxor Capital Group LP raised its position in MYT Netherlands Parent B.V. by 94.3% in the 3rd quarter. Luxor Capital Group LP now owns 459,588 shares of the company’s stock valued at $1,751,000 after purchasing an additional 223,013 shares during the last quarter. Finally, Coronation Fund Managers Ltd. purchased a new stake in MYT Netherlands Parent B.V. in the 4th quarter valued at $124,000. 10.07% of the stock is owned by hedge funds and other institutional investors.

MYT Netherlands Parent B.V. Stock Performance

The company has a current ratio of 1.95, a quick ratio of 0.26 and a debt-to-equity ratio of 0.10. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of -27.18 and a beta of 1.01. The stock’s 50 day moving average is $8.18 and its two-hundred day moving average is $6.24.

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.