MYT Netherlands Parent B.V. (NYSE:MYTE – Get Rating) had its price objective reduced by Cowen from $22.00 to $17.00 in a report issued on Friday morning, The Fly reports. They currently have an outperform rating on the stock.
Separately, Societe Generale lowered their price target on MYT Netherlands Parent B.V. from $21.00 to $17.00 in a report on Tuesday, July 12th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus target price of $18.00.
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MYT Netherlands Parent B.V. Trading Down 1.1 %
Shares of MYTE stock opened at $12.13 on Friday. The firm has a 50-day moving average price of $13.19 and a 200 day moving average price of $12.02. MYT Netherlands Parent B.V. has a twelve month low of $9.06 and a twelve month high of $31.20. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of -46.65 and a beta of 0.98. The company has a current ratio of 2.98, a quick ratio of 1.23 and a debt-to-equity ratio of 0.04.
Hedge Funds Weigh In On MYT Netherlands Parent B.V.
A number of institutional investors and hedge funds have recently bought and sold shares of MYTE. FourThought Financial LLC raised its position in shares of MYT Netherlands Parent B.V. by 122.7% in the 1st quarter. FourThought Financial LLC now owns 2,761 shares of the company's stock valued at $34,000 after purchasing an additional 1,521 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of MYT Netherlands Parent B.V. in the 1st quarter valued at approximately $56,000. Advisor Group Holdings Inc. raised its position in shares of MYT Netherlands Parent B.V. by 11.2% in the 1st quarter. Advisor Group Holdings Inc. now owns 24,145 shares of the company's stock valued at $295,000 after purchasing an additional 2,429 shares in the last quarter. Grandeur Peak Global Advisors LLC acquired a new stake in shares of MYT Netherlands Parent B.V. during the 4th quarter valued at approximately $522,000. Finally, Janney Capital Management LLC raised its position in shares of MYT Netherlands Parent B.V. by 67.0% during the 1st quarter. Janney Capital Management LLC now owns 24,710 shares of the company's stock valued at $302,000 after acquiring an additional 9,914 shares in the last quarter. Hedge funds and other institutional investors own 18.30% of the company's stock.
About MYT Netherlands Parent B.V.
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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, the rest of Europe, and internationally. The company sells clothes, bags, shoes, accessories, and fine jewelry through online and retail stores.
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