MYT Netherlands Parent B.V. (NYSE:MYTE) Raised to “Buy” at TD Cowen

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

MYT Netherlands Parent B.V. Trading Up 2.1 %

MYTE opened at $10.84 on Monday. The firm has a market capitalization of $924.28 million, a P/E ratio of -25.21 and a beta of 0.96. The firm’s 50 day moving average is $9.36 and its 200-day moving average is $6.99. MYT Netherlands Parent B.V. has a 52-week low of $3.13 and a 52-week high of $12.50. The company has a quick ratio of 0.22, a current ratio of 1.78 and a debt-to-equity ratio of 0.09.

MYT Netherlands Parent B.V. (NYSE:MYTE) last posted its quarterly earnings results 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 net margin of 3.98% and a negative return on equity of 5.88%. Analysts expect that MYT Netherlands Parent B.V. will post -0.39 EPS for the current fiscal year.

Institutional Trading of MYT Netherlands Parent B.V.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of America Corp DE increased its holdings in MYT Netherlands Parent B.V. by 9,153.3% in the fourth quarter. Bank of America Corp DE now owns 4,164 shares of the company’s stock valued at $30,000 after buying an additional 4,119 shares during the last quarter. JPMorgan Chase & Co. bought a new stake in MYT Netherlands Parent B.V. in the fourth quarter valued at about $80,000. XTX Topco Ltd bought a new stake in MYT Netherlands Parent B.V. in the fourth quarter valued at about $96,000. BNP Paribas Financial Markets bought a new stake in MYT Netherlands Parent B.V. in the fourth quarter valued at about $106,000. Finally, Coronation Fund Managers Ltd. bought a new stake in MYT Netherlands Parent B.V. in the fourth quarter valued at about $124,000. 10.07% of the stock is owned by institutional investors.

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.