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MYT Netherlands Parent B.V. (NYSE:MYTE) Price Target Raised to $16.00

kopsource ·  Sep 23, 2022 03:32

MYT Netherlands Parent B.V. (NYSE:MYTE – Get Rating) had its price objective lifted by UBS Group from $14.00 to $16.00 in a report released on Tuesday morning, The Fly reports. They currently have a buy rating on the stock.

Other research analysts have also recently issued research reports about the company. Cowen reduced their target price on MYT Netherlands Parent B.V. from $22.00 to $17.00 and set an outperform rating on the stock in a report on Friday, September 16th. Cowen reduced their target price on MYT Netherlands Parent B.V. from $22.00 to $17.00 and set an outperform rating on the stock in a report on Friday, September 16th. Credit Suisse Group reduced their target price on MYT Netherlands Parent B.V. from $16.00 to $15.00 and set an outperform rating on the stock in a report on Friday, September 16th. Morgan Stanley reduced their target price on MYT Netherlands Parent B.V. from $14.00 to $12.00 and set an equal weight rating on the stock in a report on Friday, September 16th. Finally, Societe Generale reduced their price objective on 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 given a buy rating to the company. According to data from MarketBeat.com, MYT Netherlands Parent B.V. has a consensus rating of Moderate Buy and a consensus target price of $17.63.

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MYT Netherlands Parent B.V. Price Performance

Shares of NYSE:MYTE opened at $12.72 on Tuesday. The company has a market cap of $1.07 billion, a P/E ratio of -97.85 and a beta of 0.98. The company has a quick ratio of 1.13, a current ratio of 2.56 and a debt-to-equity ratio of 0.04. MYT Netherlands Parent B.V. has a 52 week low of $9.06 and a 52 week high of $31.20. The business has a fifty day simple moving average of $13.31 and a 200-day simple moving average of $12.02.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Amitell Capital Pte Ltd purchased a new stake in shares of MYT Netherlands Parent B.V. during the first quarter worth about $1,853,000. Bank of America Corp DE increased its position in shares of MYT Netherlands Parent B.V. by 41.9% during the first 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 during the last quarter. GAM Holding AG increased its position in shares of MYT Netherlands Parent B.V. by 11.8% during the first quarter. GAM Holding AG now owns 941,618 shares of the company's stock worth $11,516,000 after acquiring an additional 99,640 shares during the last quarter. Schroder Investment Management Group increased its position in shares of MYT Netherlands Parent B.V. by 1,051.8% during the fourth quarter. Schroder Investment Management Group now owns 68,325 shares of the company's stock worth $1,449,000 after acquiring an additional 62,393 shares during the last quarter. Finally, Lord Abbett & CO. LLC increased its position in shares of MYT Netherlands Parent B.V. by 18.1% during the first quarter. Lord Abbett & CO. LLC now owns 296,518 shares of the company's stock worth $3,626,000 after acquiring an additional 45,369 shares during the last quarter. Institutional investors and hedge funds 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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