Truist Financial Corp Grows Position in MYT Netherlands Parent B.V. (NYSE:MYTE)

Truist Financial Corp boosted its stake in MYT Netherlands Parent B.V. (NYSE:MYTEGet Rating) by 21.3% in the first quarter, HoldingsChannel reports. The institutional investor owned 89,243 shares of the company’s stock after buying an additional 15,677 shares during the quarter. Truist Financial Corp’s holdings in MYT Netherlands Parent B.V. were worth $1,091,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Advisor Group Holdings Inc. raised its position in MYT Netherlands Parent B.V. by 49.6% in the 4th quarter. Advisor Group Holdings Inc. now owns 21,716 shares of the company’s stock valued at $460,000 after buying an additional 7,201 shares during the last quarter. Grandeur Peak Global Advisors LLC bought a new position in MYT Netherlands Parent B.V. in the 4th quarter valued at $522,000. Schroder Investment Management Group grew its stake in MYT Netherlands Parent B.V. by 1,051.8% in the 4th quarter. Schroder Investment Management Group now owns 68,325 shares of the company’s stock valued at $1,449,000 after purchasing an additional 62,393 shares during the period. Avalon Global Asset Management LLC grew its stake in MYT Netherlands Parent B.V. by 20.0% in the 4th quarter. Avalon Global Asset Management LLC now owns 90,000 shares of the company’s stock valued at $1,909,000 after purchasing an additional 15,000 shares during the period. Finally, Allspring Global Investments Holdings LLC bought a new position in MYT Netherlands Parent B.V. in the 4th quarter valued at $9,378,000. 22.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Morgan Stanley restated an “equal weight” rating and issued a $14.00 price objective (down previously from $39.00) on shares of MYT Netherlands Parent B.V. in a research note on Tuesday, April 12th. 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. Finally, JPMorgan Chase & Co. reduced their price objective on MYT Netherlands Parent B.V. from $23.00 to $15.00 in a research note on Monday, May 16th. One research analyst has 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. presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.57.

MYT Netherlands Parent B.V. Stock Down 2.3 %

MYTE stock opened at $12.18 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.23 and a current ratio of 2.98. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of -46.85 and a beta of 0.36. MYT Netherlands Parent B.V. has a fifty-two week low of $9.06 and a fifty-two week high of $31.20. The stock has a fifty day moving average of $10.92 and a 200-day moving average of $12.85.

MYT Netherlands Parent B.V. (NYSE:MYTEGet Rating) last posted its quarterly earnings results on Tuesday, May 10th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.03. The company had revenue of $190.20 million during the quarter, compared to the consensus estimate of $194.56 million. 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 quarter in the prior year, the company earned ($0.52) EPS. As a group, equities research analysts predict that MYT Netherlands Parent B.V. will post 0.5 earnings per share for the current year.

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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Institutional Ownership by Quarter for MYT Netherlands Parent B.V. (NYSE:MYTE)

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