MYT Netherlands Parent B.V. (NYSE:MYTE) Receives Consensus Recommendation of “Hold” from Analysts

MYT Netherlands Parent B.V. (NYSE:MYTE) has been given a consensus rating of “Hold” by the five brokerages that are covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $5.88.

Separately, UBS Group lowered their price target on MYT Netherlands Parent B.V. from $5.00 to $4.75 and set a “buy” rating for the company in a research note on Friday, February 16th.

MYT Netherlands Parent B.V. Trading Up 3.0 %

Shares of NYSE:MYTE opened at $3.77 on Thursday. The firm has a fifty day moving average of $3.29 and a two-hundred day moving average of $3.19. The company has a quick ratio of 0.25, a current ratio of 2.02 and a debt-to-equity ratio of 0.10. MYT Netherlands Parent B.V. has a 12-month low of $2.05 and a 12-month high of $7.73. The firm has a market capitalization of $320.04 million, a P/E ratio of -10.77 and a beta of 1.17.

MYT Netherlands Parent B.V. (NYSE:MYTE) last released its quarterly earnings data on Thursday, February 15th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.01. MYT Netherlands Parent B.V. had a negative return on equity of 6.30% and a negative net margin of 3.58%. The firm had revenue of $212.16 million during the quarter, compared to analysts’ expectations of $228.00 million. On average, equities analysts expect that MYT Netherlands Parent B.V. will post -0.22 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Sylebra Capital LLC bought a new position in MYT Netherlands Parent B.V. in the 3rd quarter worth $12,982,000. Alta Fox Capital Management LLC bought a new position in shares of MYT Netherlands Parent B.V. in the third quarter worth about $1,734,000. Boothbay Fund Management LLC acquired a new position in shares of MYT Netherlands Parent B.V. during the 1st quarter worth about $928,000. Portolan Capital Management LLC bought a new stake in MYT Netherlands Parent B.V. during the 1st quarter valued at approximately $746,000. Finally, Bank of America Corp DE grew its holdings in MYT Netherlands Parent B.V. by 41.9% in the 1st quarter. Bank of America Corp DE now owns 358,846 shares of the company’s stock valued at $4,389,000 after buying an additional 105,983 shares during the last quarter. 10.07% of the stock is owned by institutional investors.

MYT Netherlands Parent B.V. Company Profile

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.