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

Shares of MYT Netherlands Parent B.V. (NYSE:MYTE) reached a new 52-week high on Tuesday after the company announced better than expected quarterly earnings. 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 earnings per share 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 Inflows and Outflows

A number of institutional investors have recently made changes to their positions in MYTE. Coronation Fund Managers Ltd. bought a new position in MYT Netherlands Parent B.V. in the fourth quarter worth approximately $124,000. Luxor Capital Group LP increased its stake in shares of MYT Netherlands Parent B.V. by 94.3% in the third quarter. Luxor Capital Group LP now owns 459,588 shares of the company’s stock worth $1,751,000 after acquiring an additional 223,013 shares during the period. Portolan Capital Management LLC boosted its holdings in MYT Netherlands Parent B.V. by 30.6% in the third quarter. Portolan Capital Management LLC now owns 1,805,758 shares of the company’s stock valued at $6,880,000 after purchasing an additional 422,942 shares during the last quarter. Capricorn Fund Managers Ltd purchased a new position in shares of MYT Netherlands Parent B.V. during the 4th quarter valued at about $4,225,000. Finally, DJE Kapital AG acquired a new position in shares of MYT Netherlands Parent B.V. in the 4th quarter valued at about $15,667,000. Institutional investors own 10.07% of the company’s stock.

MYT Netherlands Parent B.V. Price Performance

The company has a debt-to-equity ratio of 0.10, a current ratio of 1.95 and a quick ratio of 0.26. The stock’s fifty day moving average is $7.94 and its 200-day moving average is $6.14. The stock has a market capitalization of $950.33 million, a PE ratio of -24.67 and a beta of 1.01.

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.