MYT Netherlands Parent B.V. (NYSE:MYTE) Given Consensus Recommendation of “Buy” by Analysts

MYT Netherlands Parent B.V. (NYSE:MYTE) has been given an average recommendation of “Buy” by the eight brokerages that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $38.29.

Several equities analysts have recently commented on MYTE shares. Morgan Stanley upped their target price on MYT Netherlands Parent B.V. from $40.00 to $42.00 and gave the company an “overweight” rating in a report on Wednesday, September 15th. Zacks Investment Research raised MYT Netherlands Parent B.V. from a “sell” rating to a “hold” rating in a report on Friday, October 1st. Bank of America raised MYT Netherlands Parent B.V. from an “underperform” rating to a “buy” rating and set a $32.00 target price for the company in a report on Thursday, October 14th. Finally, Credit Suisse Group upped their target price on MYT Netherlands Parent B.V. from $35.00 to $43.00 and gave the company an “outperform” rating in a report on Wednesday, September 15th.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MYTE. Royal Bank of Canada acquired a new stake in MYT Netherlands Parent B.V. in the first quarter worth approximately $157,000. LPL Financial LLC acquired a new stake in MYT Netherlands Parent B.V. in the second quarter worth approximately $211,000. Advisor Group Holdings Inc. lifted its position in shares of MYT Netherlands Parent B.V. by 116.7% during the 2nd quarter. Advisor Group Holdings Inc. now owns 8,791 shares of the company’s stock valued at $268,000 after acquiring an additional 4,734 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of MYT Netherlands Parent B.V. during the 3rd quarter valued at $282,000. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in shares of MYT Netherlands Parent B.V. during the 2nd quarter valued at $329,000. Hedge funds and other institutional investors own 22.00% of the company’s stock.

MYT Netherlands Parent B.V. stock traded up $0.99 during midday trading on Thursday, hitting $27.64. The stock had a trading volume of 91,172 shares, compared to its average volume of 92,764. The company has a current ratio of 3.05, a quick ratio of 0.67 and a debt-to-equity ratio of 0.04. The stock has a market cap of $2.34 billion and a P/E ratio of -40.65. MYT Netherlands Parent B.V. has a 12 month low of $24.50 and a 12 month high of $36.25. The business has a fifty day moving average price of $27.68 and a 200 day moving average price of $29.17.

MYT Netherlands Parent B.V. (NYSE:MYTE) last posted its earnings results on Tuesday, September 14th. The company reported $0.11 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.03). The company had revenue of $195.62 million for the quarter, compared to the consensus estimate of $191.65 million. MYT Netherlands Parent B.V. had a negative net margin of 7.76% and a negative return on equity of 1.95%. On average, equities analysts anticipate that MYT Netherlands Parent B.V. will post 0.47 EPS for the current fiscal year.

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 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.

Featured Article: VIX – Volatility Index

Analyst Recommendations for MYT Netherlands Parent B.V. (NYSE:MYTE)

Receive News & Ratings for MYT Netherlands Parent B.V. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MYT Netherlands Parent B.V. and related companies with MarketBeat.com's FREE daily email newsletter.