MYT Netherlands Parent B.V. (NYSE:MYTE) Upgraded by TD Cowen to Buy Rating

TD Cowen upgraded shares of MYT Netherlands Parent B.V. (NYSE:MYTE) from a hold rating to a buy rating in a research report report published on Monday morning, MarketBeat.com reports. TD Cowen currently has $14.00 target price on the stock, up from their prior target price of $13.00.

MYT Netherlands Parent B.V. Stock Performance

Shares of MYTE stock opened at $10.54 on Monday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.22 and a current ratio of 1.78. The company has a market capitalization of $898.70 million, a P/E ratio of -24.51 and a beta of 1.01. The company’s 50 day moving average price is $9.21 and its two-hundred day moving average price is $6.92. MYT Netherlands Parent B.V. has a 52 week low of $3.13 and a 52 week high of $12.50.

MYT Netherlands Parent B.V. (NYSE:MYTE) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.10. MYT Netherlands Parent B.V. had a negative net margin of 3.98% and a negative return on equity of 5.88%. On average, analysts expect that MYT Netherlands Parent B.V. will post -0.39 earnings per share for the current fiscal year.

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

Institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its position in MYT Netherlands Parent B.V. by 9,153.3% during the fourth quarter. Bank of America Corp DE now owns 4,164 shares of the company’s stock worth $30,000 after purchasing an additional 4,119 shares during the period. JPMorgan Chase & Co. bought a new position in MYT Netherlands Parent B.V. during the fourth quarter worth $80,000. XTX Topco Ltd bought a new position in MYT Netherlands Parent B.V. during the fourth quarter worth $96,000. BNP Paribas Financial Markets bought a new position in MYT Netherlands Parent B.V. during the fourth quarter worth $106,000. Finally, Coronation Fund Managers Ltd. bought a new position in MYT Netherlands Parent B.V. during the fourth quarter worth $124,000. 10.07% of the stock is currently owned by institutional investors and hedge funds.

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.