MYT Netherlands Parent B.V. (NYSE:MYTE) Stock Price Down 1.2%

MYT Netherlands Parent B.V. (NYSE:MYTE)’s stock price dropped 1.2% during mid-day trading on Monday . The company traded as low as $4.91 and last traded at $5.04. Approximately 26,007 shares were traded during mid-day trading, a decline of 62% from the average daily volume of 68,250 shares. The stock had previously closed at $5.10.

Wall Street Analysts Forecast Growth

Separately, TD Cowen upped their price objective on shares of MYT Netherlands Parent B.V. from $4.00 to $5.00 and gave the stock a “hold” rating in a report on Thursday, May 16th.

MYT Netherlands Parent B.V. Price Performance

The company has a debt-to-equity ratio of 0.10, a current ratio of 2.20 and a quick ratio of 0.32. The stock’s fifty day simple moving average is $4.92 and its 200-day simple moving average is $3.86. The company has a market capitalization of $428.42 million, a P/E ratio of -15.27 and a beta of 1.13.

MYT Netherlands Parent B.V. (NYSE:MYTE) last released its quarterly earnings results on Wednesday, May 15th. The company reported ($0.04) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.04). MYT Netherlands Parent B.V. had a negative net margin of 3.16% and a negative return on equity of 5.93%. The company had revenue of $253.95 million during the quarter, compared to analysts’ expectations of $247.76 million. On average, equities analysts forecast that MYT Netherlands Parent B.V. will post -0.25 earnings per share for the current fiscal year.

Institutional Investors Weigh In On MYT Netherlands Parent B.V.

Several hedge funds have recently made changes to their positions in MYTE. SageView Advisory Group LLC bought a new stake in shares of MYT Netherlands Parent B.V. in the first quarter valued at about $47,000. Vontobel Holding Ltd. lifted its stake in shares of MYT Netherlands Parent B.V. by 13.2% in the fourth quarter. Vontobel Holding Ltd. now owns 175,310 shares of the company’s stock valued at $559,000 after buying an additional 20,410 shares during the period. CastleKnight Management LP raised its position in MYT Netherlands Parent B.V. by 71.5% in the fourth quarter. CastleKnight Management LP now owns 213,172 shares of the company’s stock worth $680,000 after purchasing an additional 88,872 shares in the last quarter. Finally, Sylebra Capital LLC raised its position in MYT Netherlands Parent B.V. by 1.1% in the first quarter. Sylebra Capital LLC now owns 3,895,398 shares of the company’s stock worth $12,387,000 after purchasing an additional 41,914 shares in the last quarter. Institutional investors own 10.07% of the company’s stock.

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.