MYT Netherlands Parent B.V. (MYTE) Set to Announce Earnings on Tuesday

MYT Netherlands Parent B.V. (NYSE:MYTE) will be posting its quarterly earnings results before the market opens on Tuesday, November 28th. Analysts expect MYT Netherlands Parent B.V. to post earnings of ($0.05) per share for the quarter. MYT Netherlands Parent B.V. has set its FY 2024 guidance at EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.

MYT Netherlands Parent B.V. (NYSE:MYTE) last issued its quarterly earnings results on Thursday, September 14th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.01. The business had revenue of $221.81 million for the quarter, compared to the consensus estimate of $212.76 million. MYT Netherlands Parent B.V. had a negative net margin of 1.99% and a positive return on equity of 1.32%. On average, analysts expect MYT Netherlands Parent B.V. to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

MYT Netherlands Parent B.V. Stock Up 21.2 %

Shares of NYSE MYTE opened at $2.97 on Tuesday. The firm’s 50-day simple moving average is $3.24 and its 200 day simple moving average is $3.63. The company has a market cap of $252.12 million, a price-to-earnings ratio of -16.50 and a beta of 1.01. The company has a quick ratio of 0.41, a current ratio of 2.27 and a debt-to-equity ratio of 0.11. MYT Netherlands Parent B.V. has a 12-month low of $2.05 and a 12-month high of $12.54.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. UBS Group upped their price target on shares of MYT Netherlands Parent B.V. from $4.60 to $5.20 and gave the stock a “buy” rating in a research report on Friday, September 15th. Morgan Stanley reissued an “equal weight” rating and set a $4.50 price objective (down from $6.00) on shares of MYT Netherlands Parent B.V. in a report on Monday, September 18th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $6.10.

Institutional Trading of MYT Netherlands Parent B.V.

A number of institutional investors and hedge funds have recently modified their holdings of MYTE. Advisor Group Holdings Inc. boosted its position in MYT Netherlands Parent B.V. by 11.2% during the 1st quarter. Advisor Group Holdings Inc. now owns 24,145 shares of the company’s stock worth $295,000 after acquiring an additional 2,429 shares during the last quarter. Lord Abbett & CO. LLC boosted its position in MYT Netherlands Parent B.V. by 18.1% during the 1st quarter. Lord Abbett & CO. LLC now owns 296,518 shares of the company’s stock worth $3,626,000 after acquiring an additional 45,369 shares during the last quarter. Sei Investments Co. boosted its holdings in shares of MYT Netherlands Parent B.V. by 2.5% in the 1st quarter. Sei Investments Co. now owns 67,704 shares of the company’s stock valued at $828,000 after buying an additional 1,675 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of MYT Netherlands Parent B.V. by 0.3% in the 1st quarter. Invesco Ltd. now owns 1,185,003 shares of the company’s stock valued at $14,492,000 after buying an additional 3,444 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of MYT Netherlands Parent B.V. in the 1st quarter valued at approximately $56,000. 12.23% of the stock is owned by institutional investors.

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.