MYT Netherlands Parent B.V. (NYSE:MYTE) Trading 9.1% Higher – What’s Next?

MYT Netherlands Parent B.V. (NYSE:MYTE)’s share price was up 9.1% during trading on Tuesday . The stock traded as high as $7.24 and last traded at $7.15. Approximately 38,984 shares traded hands during trading, a decline of 80% from the average daily volume of 199,274 shares. The stock had previously closed at $6.56.

Wall Street Analysts Forecast Growth

Separately, TD Cowen raised shares of MYT Netherlands Parent B.V. from a “hold” rating to a “buy” rating and raised their price target for the stock from $13.00 to $14.00 in a research report on Monday, March 3rd.

MYT Netherlands Parent B.V. Trading Down 3.2 %

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 business’s 50 day moving average price is $9.26 and its 200-day moving average price is $7.80. The firm has a market cap of $659.53 million, a price-to-earnings ratio of -17.99 and a beta of 1.08.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. DJE Kapital AG bought a new position in MYT Netherlands Parent B.V. in the fourth quarter worth about $15,667,000. Woodson Capital Management LP acquired a new stake in shares of MYT Netherlands Parent B.V. during the 4th quarter worth approximately $11,906,000. Capricorn Fund Managers Ltd bought a new stake in shares of MYT Netherlands Parent B.V. in the 4th quarter worth approximately $4,225,000. CastleKnight Management LP lifted its holdings in shares of MYT Netherlands Parent B.V. by 286.8% in the 4th quarter. CastleKnight Management LP now owns 652,141 shares of the company’s stock worth $4,630,000 after purchasing an additional 483,541 shares during the last quarter. Finally, MYDA Advisors LLC acquired a new position in MYT Netherlands Parent B.V. during the 4th quarter valued at approximately $1,598,000. 10.07% of the stock is owned by institutional investors and hedge funds.

About MYT Netherlands Parent B.V.

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.