Brokerages Set MYT Netherlands Parent B.V. (NYSE:MYTE) Target Price at $5.88

MYT Netherlands Parent B.V. (NYSE:MYTE) has been assigned a consensus rating of “Hold” from the five research firms that are currently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $5.88.

Separately, UBS Group lowered their target price on shares of 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.

Institutional Trading of MYT Netherlands Parent B.V.

Institutional investors and hedge funds have recently bought and sold shares of the business. Natixis acquired a new stake in MYT Netherlands Parent B.V. during the 4th quarter valued at approximately $37,000. Quantbot Technologies LP acquired a new stake in MYT Netherlands Parent B.V. during the 1st quarter valued at approximately $56,000. Tower Research Capital LLC TRC lifted its stake in MYT Netherlands Parent B.V. by 1,945.0% during the 3rd quarter. Tower Research Capital LLC TRC now owns 5,685 shares of the company’s stock valued at $65,000 after acquiring an additional 5,407 shares during the period. UBS Group AG lifted its stake in MYT Netherlands Parent B.V. by 19.6% during the 3rd quarter. UBS Group AG now owns 8,555 shares of the company’s stock valued at $99,000 after acquiring an additional 1,403 shares during the period. Finally, XTX Topco Ltd acquired a new stake in MYT Netherlands Parent B.V. during the 2nd quarter valued at approximately $46,000. 10.07% of the stock is currently owned by institutional investors and hedge funds.

MYT Netherlands Parent B.V. Stock Down 1.1 %

NYSE:MYTE opened at $3.63 on Thursday. MYT Netherlands Parent B.V. has a fifty-two week low of $2.05 and a fifty-two week high of $7.42. The stock has a market capitalization of $308.56 million, a P/E ratio of -10.37 and a beta of 1.17. 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 company’s 50-day simple moving average is $3.40 and its 200-day simple moving average is $3.19.

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

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.