Invesco Ltd. Sells 281,590 Shares of MYT Netherlands Parent B.V. (NYSE:MYTE)

Invesco Ltd. lowered its position in shares of MYT Netherlands Parent B.V. (NYSE:MYTE - Free Report) by 25.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 836,487 shares of the company's stock after selling 281,590 shares during the period. Invesco Ltd. owned 0.98% of MYT Netherlands Parent B.V. worth $5,939,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Capricorn Fund Managers Ltd purchased a new position in shares of MYT Netherlands Parent B.V. during the fourth quarter worth about $4,225,000. Coronation Fund Managers Ltd. bought a new position in MYT Netherlands Parent B.V. in the fourth quarter valued at $124,000. DJE Kapital AG purchased a new stake in MYT Netherlands Parent B.V. during the fourth quarter valued at about $15,667,000. Finally, JPMorgan Chase & Co. purchased a new stake in MYT Netherlands Parent B.V. during the fourth quarter valued at about $80,000. Institutional investors own 10.07% of the company's stock.

MYT Netherlands Parent B.V. Trading Down 2.5 %

NYSE:MYTE traded down $0.20 during mid-day trading on Thursday, reaching $7.65. 143,651 shares of the company's stock traded hands, compared to its average volume of 195,024. MYT Netherlands Parent B.V. has a 12-month low of $3.22 and a 12-month high of $12.50. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.78 and a quick ratio of 0.22. The company has a 50 day moving average price of $8.42 and a 200-day moving average price of $8.03. The firm has a market capitalization of $655.17 million, a price-to-earnings ratio of -17.78 and a beta of 1.08.

MYT Netherlands Parent B.V. (NYSE:MYTE - Get Free Report) last announced its earnings results on Tuesday, February 11th. The company reported $0.07 earnings per share for the quarter, beating analysts' consensus estimates of ($0.03) by $0.10. MYT Netherlands Parent B.V. had a negative net margin of 3.98% and a negative return on equity of 5.88%. On average, sell-side analysts predict that MYT Netherlands Parent B.V. will post -0.39 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, TD Cowen upgraded shares of MYT Netherlands Parent B.V. from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $13.00 to $14.00 in a report on Monday, March 3rd.

MYT Netherlands Parent B.V. 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.