MYT Netherlands Parent B.V. (NYSE:MYTE) Sets New 12-Month High Following Strong Earnings

MYT Netherlands Parent B.V. (NYSE:MYTE) shares reached a new 52-week high during trading on Tuesday following a better than expected earnings announcement. The company traded as high as $12.00 and last traded at $11.19, with a volume of 77896 shares trading hands. The stock had previously closed at $10.00.

The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.10. MYT Netherlands Parent B.V. had a negative net margin of 4.18% and a negative return on equity of 8.24%.

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

Hedge funds have recently bought and sold shares of the stock. Portolan Capital Management LLC lifted its holdings in shares of MYT Netherlands Parent B.V. by 30.6% during the 3rd quarter. Portolan Capital Management LLC now owns 1,805,758 shares of the company’s stock worth $6,880,000 after acquiring an additional 422,942 shares during the last quarter. Luxor Capital Group LP boosted its holdings in shares of MYT Netherlands Parent B.V. by 94.3% in the 3rd quarter. Luxor Capital Group LP now owns 459,588 shares of the company’s stock worth $1,751,000 after purchasing an additional 223,013 shares in the last quarter. Capricorn Fund Managers Ltd bought a new position in shares of MYT Netherlands Parent B.V. during the 4th quarter valued at about $4,225,000. Coronation Fund Managers Ltd. bought a new position in MYT Netherlands Parent B.V. during the fourth quarter valued at approximately $124,000. Finally, DJE Kapital AG bought a new stake in shares of MYT Netherlands Parent B.V. in the 4th quarter worth approximately $15,667,000. 10.07% of the stock is currently owned by institutional investors.

MYT Netherlands Parent B.V. Stock Up 24.8 %

The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.26 and a current ratio of 1.95. The stock’s 50 day moving average price is $8.06 and its 200-day moving average price is $6.20. The company has a market cap of $1.06 billion, a PE ratio of -27.74 and a beta of 1.01.

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.