MYT Netherlands Parent B.V. (NYSE:MYTE – Get Rating) had its price objective cut by Cowen from $22.00 to $17.00 in a report published on Friday, The Fly reports. They currently have an outperform rating on the stock.
Separately, Societe Generale decreased their target price on shares of MYT Netherlands Parent B.V. from $21.00 to $17.00 in a research note 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 an average rating of Moderate Buy and a consensus price target of $18.00.
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MYT Netherlands Parent B.V. Stock Up 0.1 %
NYSE MYTE opened at $12.14 on Friday. MYT Netherlands Parent B.V. has a 52 week low of $9.06 and a 52 week high of $31.20. The company has a quick ratio of 1.13, a current ratio of 2.56 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $1.03 billion, a P/E ratio of -93.38 and a beta of 0.98. The stock's 50-day moving average price is $13.22 and its 200-day moving average price is $12.01.
Institutional Investors Weigh In On MYT Netherlands Parent B.V.
A number of institutional investors have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD grew its position in shares of MYT Netherlands Parent B.V. by 0.4% during the second quarter. Price T Rowe Associates Inc. MD now owns 1,272,204 shares of the company's stock valued at $12,569,000 after purchasing an additional 5,500 shares in the last quarter. Invesco Ltd. boosted its stake in MYT Netherlands Parent B.V. by 0.3% during the first quarter. Invesco Ltd. now owns 1,185,003 shares of the company's stock valued at $14,492,000 after buying an additional 3,444 shares during the last quarter. GAM Holding AG grew its holdings in MYT Netherlands Parent B.V. by 11.8% during the 1st quarter. GAM Holding AG now owns 941,618 shares of the company's stock valued at $11,516,000 after buying an additional 99,640 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in MYT Netherlands Parent B.V. by 0.3% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 644,801 shares of the company's stock worth $6,370,000 after acquiring an additional 2,046 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of MYT Netherlands Parent B.V. by 41.9% during the 1st quarter. Bank of America Corp DE now owns 358,846 shares of the company's stock worth $4,389,000 after acquiring an additional 105,983 shares in the last quarter. 18.30% of the stock is owned by hedge funds and other institutional investors.
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.
Further Reading
- Get a free copy of the StockNews.com research report on MYT Netherlands Parent B.V. (MYTE)
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