MYT Netherlands Parent B.V. (NYSE:MYTE) Receives $5.88 Consensus Target Price from Analysts

Shares of MYT Netherlands Parent B.V. (NYSE:MYTE) have received an average rating of “Hold” from the five brokerages that are presently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $5.88.

Separately, UBS Group dropped their price target 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 report on Friday, February 16th.

Hedge Funds Weigh In On MYT Netherlands Parent B.V.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Natixis bought a new position in shares of MYT Netherlands Parent B.V. during the fourth quarter worth $37,000. XTX Topco Ltd bought a new position in shares of MYT Netherlands Parent B.V. during the second quarter worth $46,000. Northside Capital Management LLC bought a new position in shares of MYT Netherlands Parent B.V. during the third quarter worth $54,000. Quantbot Technologies LP bought a new position in shares of MYT Netherlands Parent B.V. during the first quarter worth $56,000. Finally, Tower Research Capital LLC TRC boosted its position in shares of MYT Netherlands Parent B.V. by 1,945.0% during the third quarter. Tower Research Capital LLC TRC now owns 5,685 shares of the company’s stock worth $65,000 after acquiring an additional 5,407 shares during the last quarter. Institutional investors own 10.07% of the company’s stock.

MYT Netherlands Parent B.V. Stock Down 1.1 %

Shares of MYTE stock opened at $3.63 on Thursday. MYT Netherlands Parent B.V. has a 12 month low of $2.05 and a 12 month high of $7.42. The stock has a market cap of $308.56 million, a P/E ratio of -10.37 and a beta of 1.17. The company has a current ratio of 2.02, a quick ratio of 0.25 and a debt-to-equity ratio of 0.10. The company has a 50 day simple moving average of $3.40 and a two-hundred day simple moving average of $3.19.

MYT Netherlands Parent B.V. (NYSE:MYTE) last announced its earnings results on Thursday, February 15th. The company reported ($0.07) EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.01. The business had revenue of $212.16 million during 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, research analysts expect that MYT Netherlands Parent B.V. will post -0.22 earnings per share for the current year.

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.