MYT Netherlands Parent B.V. (NYSE:MYTE) Issues Earnings Results, Beats Estimates By $0.02 EPS

MYT Netherlands Parent B.V. (NYSE:MYTE – Get Rating) issued its quarterly earnings data on Thursday. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.02, MarketWatch Earnings reports. MYT Netherlands Parent B.V. had a positive return on equity of 10.02% and a negative net margin of 2.63%. During the same period last year, the business posted ($0.52) earnings per share.

MYTE opened at $9.77 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.03 and a current ratio of 2.98. MYT Netherlands Parent B.V. has a 1-year low of $9.06 and a 1-year high of $32.71. The business has a 50 day moving average price of $11.78 and a two-hundred day moving average price of $17.66.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sei Investments Co. lifted its position in shares of MYT Netherlands Parent B.V. by 2.5% during the 1st quarter. Sei Investments Co. now owns 67,704 shares of the company’s stock valued at $828,000 after acquiring an additional 1,675 shares during the last quarter. Lord Abbett & CO. LLC lifted its position in shares of MYT Netherlands Parent B.V. by 18.1% during the 1st quarter. Lord Abbett & CO. LLC now owns 296,518 shares of the company’s stock valued at $3,626,000 after acquiring an additional 45,369 shares during the last quarter. Advisor Group Holdings Inc. lifted its position 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 acquiring an additional 2,429 shares during the last quarter. Millennium Management LLC raised its stake in MYT Netherlands Parent B.V. by 34.4% during the 4th quarter. Millennium Management LLC now owns 18,637 shares of the company’s stock valued at $395,000 after purchasing an additional 4,769 shares during the period. Finally, Citadel Advisors LLC acquired a new stake in MYT Netherlands Parent B.V. during the 4th quarter valued at $930,000. Hedge funds and other institutional investors own 22.36% of the company’s stock.

MYTE has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. decreased their price objective on MYT Netherlands Parent B.V. from $34.00 to $23.00 and set an “overweight” rating for the company in a report on Friday, March 18th. Credit Suisse Group decreased their price objective on MYT Netherlands Parent B.V. from $27.00 to $18.00 and set an “outperform” rating for the company in a report on Wednesday, March 16th. Cowen decreased their price objective on MYT Netherlands Parent B.V. from $40.00 to $22.00 in a report on Thursday, February 17th. Societe Generale raised MYT Netherlands Parent B.V. from a “hold” rating to a “buy” rating and decreased their price objective for the stock from $29.00 to $25.00 in a report on Monday, January 17th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $14.00 price objective (down from $39.00) on shares of MYT Netherlands Parent B.V. in a report on Tuesday, April 12th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, MYT Netherlands Parent B.V. has a consensus rating of “Buy” and a consensus price target of $22.00.

About MYT Netherlands Parent B.V. (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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