MYT Netherlands Parent B.V. (NYSE:MYTE - Get Rating) posted its quarterly earnings data on Thursday. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.02, MarketWatch Earnings reports. MYT Netherlands Parent B.V. had a positive return on equity of 10.05% and a negative net margin of 2.63%. During the same quarter in the previous year, the business posted ($0.52) EPS.
Shares of MYTE stock traded up $0.30 on Friday, hitting $9.78. The company had a trading volume of 2,569 shares, compared to its average volume of 176,047. MYT Netherlands Parent B.V. has a twelve month low of $9.06 and a twelve month high of $32.71. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.03 and a current ratio of 2.83. The firm has a market cap of $826.31 million, a P/E ratio of -36.96 and a beta of 0.30. The stock's 50-day moving average is $11.87 and its two-hundred day moving average is $17.90.
Several analysts have recently issued reports on the company. Credit Suisse Group reduced their target price on MYT Netherlands Parent B.V. from $27.00 to $18.00 and set an "outperform" rating on the stock in a report on Wednesday, March 16th. Cowen reduced their target price on MYT Netherlands Parent B.V. from $40.00 to $22.00 in a report on Thursday, February 17th. Societe Generale raised MYT Netherlands Parent B.V. from a "hold" rating to a "buy" rating and reduced their target price for the stock from $29.00 to $25.00 in a report on Monday, January 17th. UBS Group raised MYT Netherlands Parent B.V. from a "neutral" rating to a "buy" rating and reduced their target price for the stock from $30.00 to $19.00 in a report on Thursday, March 24th. Finally, Zacks Investment Research lowered MYT Netherlands Parent B.V. from a "buy" rating to a "hold" rating in a report on Thursday, February 24th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $22.00.
A number of hedge funds and other institutional investors have recently made changes to their positions in MYTE. GAM Holding AG boosted its position in shares of MYT Netherlands Parent B.V. by 14.1% during the 4th quarter. GAM Holding AG now owns 841,978 shares of the company's stock valued at $17,858,000 after purchasing an additional 103,949 shares in the last quarter. Lord Abbett & CO. LLC boosted its position in shares of 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 valued at $3,626,000 after purchasing an additional 45,369 shares in the last quarter. Credit Suisse AG boosted its position in shares of MYT Netherlands Parent B.V. by 13.3% during the 4th quarter. Credit Suisse AG now owns 85,789 shares of the company's stock valued at $1,820,000 after purchasing an additional 10,098 shares in the last quarter. Sei Investments Co. boosted its position in shares of MYT Netherlands Parent B.V. by 2.5% during the 1st quarter. Sei Investments Co. now owns 67,704 shares of the company's stock valued at $828,000 after purchasing an additional 1,675 shares in the last quarter. Finally, Citadel Advisors LLC bought a new stake in shares of MYT Netherlands Parent B.V. during the 4th quarter valued at about $930,000. 22.36% of the stock is owned by institutional investors and hedge funds.
MYT Netherlands Parent B.V. Company Profile (Get Rating)
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, the rest of Europe, and internationally. The company sells clothes, bags, shoes, accessories, and fine jewelry through online and retail stores.
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