MYT Netherlands Parent BV (NYSE: MYTE – Get Rating) released its quarterly earnings data on Thursday. The company reported earnings per share of $0.06 for the quarter, beating the consensus estimate of $0.04 by $0.02, MarketWatch Earnings reports. MYT Netherlands Parent BV recorded a positive return on equity of 10.05% and a negative net margin of 2.63%. During the same quarter of the previous year, the company posted an EPS of ($0.52).
Shares of MYTE rose $0.30 on Friday, hitting $9.78. The company had a trading volume of 2,569 shares, compared to an average volume of 176,047. MYT Netherlands Parent BV has a 12-month low of $9.06 and a 12-month high of $32.71. The company has a debt ratio of 0.04, a quick ratio of 1.03 and a current ratio of 2.83. The company has a market capitalization 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 released reports on the company. Credit Suisse Group cut its price target on MYT Netherlands Parent BV from $27.00 to $18.00 and set an “outperform” rating on the stock in a Wednesday, March 16 report. Cowen reduced his price target on MYT Netherlands Parent BV from $40.00 to $22.00 in a Thursday, February 17 report. Societe Generale upgraded MYT Netherlands Parent BV from a “hold” rating to a “buy” rating and reduced its share price target from $29.00 to $25.00 in a Monday, January 17 report. UBS Group upgraded MYT Netherlands Parent BV from a ‘neutral’ rating to a ‘buy’ rating and cut its share price target from $30.00 to $19.00 in a Thursday, March 24 report . Finally, Zacks Investment Research downgraded MYT Netherlands Parent BV from a “buy” rating to a “hold” rating in a Thursday, February 24 report. Two investment analysts gave the stock a hold rating and five gave the company a buy rating. 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 changed their positions in MYTE. GAM Holding AG increased its position in shares of MYT Netherlands Parent BV by 14.1% during the 4th quarter. GAM Holding AG now owns 841,978 shares of the company valued at $17,858,000 after purchasing an additional 103,949 shares in the last quarter. Lord Abbett & CO. LLC increased its position in shares of MYT Netherlands Parent BV by 18.1% in the 1st quarter. Lord Abbett & CO. LLC now owns 296,518 shares of the company valued at $3,626,000 after purchasing an additional 45,369 shares last quarter. Credit Suisse AG increased its position in shares of MYT Netherlands Parent BV by 13.3% during the 4th quarter. Credit Suisse AG now owns 85,789 shares of the company valued at $1,820,000 after buying an additional 10,098 shares last quarter. Sei Investments Co. increased its position in shares of MYT Netherlands Parent BV by 2.5% during the 1st quarter. Sei Investments Co. now owns 67,704 shares of the company valued at $828,000 after purchasing an additional 1,675 shares in the last quarter. Finally, Citadel Advisors LLC purchased a new stake in the shares of MYT Netherlands Parent BV during Q4 valued at approximately $930,000. 22.36% of the shares are held by institutional investors and hedge funds.
MYT Netherlands Parent BV Company Profile (Get an evaluation)
MYT Netherlands Parent BV, 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 fine apparel, bags, shoes, accessories and jewelry through online and retail stores.
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