MYT Netherlands Parent B.V. (NYSE:MYTE – Get Rating) had its target price lowered by equities researchers at Cowen from $22.00 to $17.00 in a note issued to investors on Friday, Stock Target Advisor reports. Cowen's price target would indicate a potential upside of 38.66% from the company's current price.
Several other brokerages have also commented on MYTE. Morgan Stanley cut their price objective on MYT Netherlands Parent B.V. from $14.00 to $12.00 and set an "equal weight" rating for the company in a report on Friday. Societe Generale cut their target price on MYT Netherlands Parent B.V. from $21.00 to $17.00 in a research note on Tuesday, July 12th. Credit Suisse Group cut their target price on MYT Netherlands Parent B.V. from $16.00 to $15.00 and set an "outperform" rating for the company in a research note on Friday. Finally, Cowen cut their target price on MYT Netherlands Parent B.V. from $22.00 to $17.00 in a research note on Friday. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $18.00.
Get MYT Netherlands Parent B.V. alerts:MYT Netherlands Parent B.V. Stock Down 5.6 %
Shares of NYSE MYTE opened at $12.26 on Friday. MYT Netherlands Parent B.V. has a 12 month low of $9.06 and a 12 month high of $31.20. The company has a current ratio of 2.98, a quick ratio of 1.23 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of -47.15 and a beta of 0.98. The business has a 50-day moving average of $13.18 and a 200-day moving average of $12.03.
Hedge Funds Weigh In On MYT Netherlands Parent B.V.
Institutional investors have recently added to or reduced their stakes in the company. 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 worth $34,000 after purchasing an additional 1,521 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of MYT Netherlands Parent B.V. during the 1st quarter valued at about $56,000. Advisor Group Holdings Inc. grew its stake in shares of MYT Netherlands Parent B.V. by 11.2% during 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 during the period. Janney Capital Management LLC grew its stake 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 during the period. Finally, Grandeur Peak Global Advisors LLC grew its stake in shares of MYT Netherlands Parent B.V. by 21.6% during the 1st quarter. Grandeur Peak Global Advisors LLC now owns 29,906 shares of the company's stock valued at $366,000 after acquiring an additional 5,306 shares during the period. Institutional investors own 18.30% of the company's stock.MYT Netherlands Parent B.V. Company Profile
(Get Rating)
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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