Canada Pension Plan Investment Board Takes Position in MYT Netherlands Parent B.V. (NYSE:MYTE)

Canada Pension Plan Investment Board acquired a new position in MYT Netherlands Parent B.V. (NYSE:MYTE) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 13,817,522 shares of the company’s stock, valued at approximately $390,483,000. Canada Pension Plan Investment Board owned approximately 16.11% of MYT Netherlands Parent B.V. at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in MYTE. Ares Management LLC purchased a new position in shares of MYT Netherlands Parent B.V. during the first quarter valued at approximately $336,711,000. Price T Rowe Associates Inc. MD bought a new stake in MYT Netherlands Parent B.V. in the first quarter worth $88,039,000. TimesSquare Capital Management LLC purchased a new stake in shares of MYT Netherlands Parent B.V. in the first quarter worth $43,892,000. Fred Alger Management LLC bought a new position in shares of MYT Netherlands Parent B.V. during the first quarter valued at $31,780,000. Finally, Sylebra Capital Ltd purchased a new position in shares of MYT Netherlands Parent B.V. in the 1st quarter worth about $19,472,000. 49.86% of the stock is owned by institutional investors and hedge funds.

Several research analysts have issued reports on the stock. Zacks Investment Research cut shares of MYT Netherlands Parent B.V. from a “buy” rating to a “hold” rating in a report on Wednesday. JPMorgan Chase & Co. upped their target price on shares of MYT Netherlands Parent B.V. from $38.00 to $39.00 and gave the company an “overweight” rating in a research note on Monday, May 24th. Finally, Morgan Stanley lifted their price target on shares of MYT Netherlands Parent B.V. from $37.00 to $42.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 19th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $38.14.

Shares of NYSE MYTE traded down $0.24 during midday trading on Thursday, reaching $29.56. The stock had a trading volume of 2,875 shares, compared to its average volume of 241,834. The business’s 50-day simple moving average is $30.62. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.65 and a quick ratio of 0.92. MYT Netherlands Parent B.V. has a 12-month low of $24.94 and a 12-month high of $36.25.

MYT Netherlands Parent B.V. (NYSE:MYTE) last released its quarterly earnings data on Tuesday, May 18th. The company reported ($0.52) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.54) by $0.02. The business had revenue of $198.63 million during the quarter, compared to the consensus estimate of $183.06 million. On average, research analysts expect that MYT Netherlands Parent B.V. will post 0.21 EPS for the current year.

MYT Netherlands Parent B.V. Profile

MYT Netherlands Parent B.V., through its subsidiary, Mytheresa Group GmbH, operates a luxury e-commerce platform for the fashion consumers worldwide. The company sells clothes, bags, shoes, accessories, and fine jewelry through online operations and retail stores. It serves high income luxury consumers.

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Institutional Ownership by Quarter for MYT Netherlands Parent B.V. (NYSE:MYTE)

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