MYT Netherlands Parent B.V. (MYTE) Stock Forecast, Price & News

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for MYT Netherlands Parent B.V. in the last twelve months. There are currently 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MYTE shares.
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8 Wall Street research analysts have issued 12-month target prices for MYT Netherlands Parent B.V.'s stock. Their MYTE share price forecasts range from $6.00 to $17.00. On average, they expect the company's share price to reach $10.75 in the next year. This suggests a possible upside of 170.8% from the stock's current price.
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MYT Netherlands Parent B.V.'s stock was trading at $8.91 at the beginning of the year. Since then, MYTE shares have decreased by 55.4% and is now trading at $3.97.
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MYT Netherlands Parent B.V. saw a decline in short interest in April. As of April 30th, there was short interest totaling 363,000 shares, a decline of 20.0% from the April 15th total of 453,700 shares. Based on an average daily volume of 120,000 shares, the days-to-cover ratio is currently 3.0 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, September 21st 2023.
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MYT Netherlands Parent B.V. (NYSE:MYTE) announced its quarterly earnings data on Thursday, November, 11th. The company reported $0.10 earnings per share for the quarter, missing analysts' consensus estimates of $0.11 by $0.01. The business earned $186.10 million during the quarter, compared to analyst estimates of $192.43 million. MYT Netherlands Parent B.V. had a negative net margin of 1.05% and a positive trailing twelve-month return on equity of 5.34%.

MYT Netherlands Parent B.V. updated its FY 2023 earnings guidance on Thursday, June, 8th. The company provided EPS guidance of for the period. The company issued revenue guidance of $804.93 million-$821.03 million, compared to the consensus revenue estimate of $835.85 million.

(MYTE) raised $267 million in an IPO on Thursday, January 21st 2021. The company issued 15,700,000 shares at a price of $16.00-$18.00 per share. Morgan Stanley​ and J.P. Morgan acted as the underwriters for the IPO and Credit Suisse, UBS Investment Bank, Jefferies and Cowen were co-managers.

MYT Netherlands Parent B.V. trades on the New York Stock Exchange (NYSE) under the ticker symbol "MYTE."

MYT Netherlands Parent B.V.'s stock is owned by a variety of institutional and retail investors. Top institutional investors include Sylebra Capital Ltd (4.60%), TimesSquare Capital Management LLC (1.87%), Fred Alger Management LLC (1.53%), Allspring Global Investments Holdings LLC (0.87%), Franklin Resources Inc. (0.84%) and Envestnet Asset Management Inc. (0.19%).

Shares of MYTE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MYTE stock can currently be purchased for approximately $3.97.

MYT Netherlands Parent B.V. (NYSE:MYTE) has a market capitalization of $336.97 million and generates $777.64 million in revenue each year. The company earns $-8,900,000.00 in net income (profit) each year or ($0.09) on an earnings per share basis.

The company employs 1,238 workers across the globe.

MYT Netherlands Parent B.V.'s mailing address is EINSTEINRING 9, ASCHHEIM/MUNICH 2M, 85609. The official website for the company is www.mytheresa.com. The company can be reached via phone at 49-8912-769-5148 or via email at investors@mytheresa.com.