MYT Netherlands Parent B.V. (NYSE:MYTE) Trading Down 1.2%

MYT Netherlands Parent B.V. (NYSE:MYTE) dropped 1.2% during mid-day trading on Monday . The company traded as low as $4.91 and last traded at $5.04. Approximately 26,007 shares changed hands during trading, a decline of 62% from the average daily volume of 68,250 shares. The stock had previously closed at $5.10.

Wall Street Analyst Weigh In

Separately, TD Cowen boosted their price target on MYT Netherlands Parent B.V. from $4.00 to $5.00 and gave the company a “hold” rating in a research note on Thursday, May 16th.

MYT Netherlands Parent B.V. Trading Down 4.8 %

The company has a quick ratio of 0.32, a current ratio of 2.20 and a debt-to-equity ratio of 0.10. The company has a market cap of $403.75 million, a price-to-earnings ratio of -15.12 and a beta of 1.12. The firm has a 50 day moving average price of $4.94 and a two-hundred day moving average price of $3.87.

MYT Netherlands Parent B.V. (NYSE:MYTE) last posted its quarterly earnings data on Wednesday, May 15th. The company reported ($0.04) EPS for the quarter, meeting analysts’ consensus estimates of ($0.04). MYT Netherlands Parent B.V. had a negative net margin of 3.16% and a negative return on equity of 5.93%. The company had revenue of $253.95 million for the quarter, compared to analyst estimates of $247.76 million. As a group, equities analysts forecast that MYT Netherlands Parent B.V. will post -0.25 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of MYTE. SageView Advisory Group LLC bought a new position in MYT Netherlands Parent B.V. in the first quarter worth approximately $47,000. Vontobel Holding Ltd. grew its position in MYT Netherlands Parent B.V. by 13.2% in the 4th quarter. Vontobel Holding Ltd. now owns 175,310 shares of the company’s stock valued at $559,000 after purchasing an additional 20,410 shares during the period. CastleKnight Management LP increased its stake in MYT Netherlands Parent B.V. by 71.5% during the 4th quarter. CastleKnight Management LP now owns 213,172 shares of the company’s stock valued at $680,000 after purchasing an additional 88,872 shares in the last quarter. Finally, Sylebra Capital LLC raised its holdings in MYT Netherlands Parent B.V. by 1.1% during the first quarter. Sylebra Capital LLC now owns 3,895,398 shares of the company’s stock worth $12,387,000 after buying an additional 41,914 shares during the last quarter. Institutional investors and hedge funds own 10.07% of the company’s stock.

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.