MYT Netherlands Parent B.V. (NYSE:MYTE) Price Target Lowered to $17.00 at Cowen

MYT Netherlands Parent B.V. (NYSE:MYTEGet Rating) had its price target reduced by Cowen from $22.00 to $17.00 in a research note issued to investors on Friday morning, Stock Target Advisor reports. Cowen currently has an outperform rating on the stock.

MYTE has been the subject of several other reports. Cowen lowered their target price on MYT Netherlands Parent B.V. from $22.00 to $17.00 and set an outperform rating for the company in a research note on Friday. Credit Suisse Group decreased their price objective 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. Societe Generale decreased their price objective on MYT Netherlands Parent B.V. from $21.00 to $17.00 in a research note on Tuesday, July 12th. Finally, Morgan Stanley decreased 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 research note on Friday. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, MYT Netherlands Parent B.V. presently has an average rating of Moderate Buy and a consensus price target of $18.00.

MYT Netherlands Parent B.V. Stock Down 1.1 %

NYSE MYTE opened at $12.13 on Friday. The stock has a fifty day moving average of $13.19 and a 200-day moving average of $12.02. The stock has a market capitalization of $1.02 billion, a P/E ratio of -46.65 and a beta of 0.98. 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 debt-to-equity ratio of 0.04, a quick ratio of 1.23 and a current ratio of 2.98.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD grew its stake in MYT Netherlands Parent B.V. by 0.4% in 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 acquiring an additional 5,500 shares during the period. Invesco Ltd. grew its stake in MYT Netherlands Parent B.V. by 0.3% in the first quarter. Invesco Ltd. now owns 1,185,003 shares of the company’s stock valued at $14,492,000 after acquiring an additional 3,444 shares during the period. GAM Holding AG lifted its holdings in shares of MYT Netherlands Parent B.V. by 11.8% in the first quarter. GAM Holding AG now owns 941,618 shares of the company’s stock valued at $11,516,000 after purchasing an additional 99,640 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of MYT Netherlands Parent B.V. by 0.3% in the second quarter. Allspring Global Investments Holdings LLC now owns 644,801 shares of the company’s stock valued at $6,370,000 after purchasing an additional 2,046 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of MYT Netherlands Parent B.V. by 41.9% in the first quarter. Bank of America Corp DE now owns 358,846 shares of the company’s stock valued at $4,389,000 after purchasing an additional 105,983 shares in the last quarter. 18.30% of the stock is owned by institutional investors and hedge funds.

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.

Recommended Stories

Analyst Recommendations for MYT Netherlands Parent B.V. (NYSE:MYTE)

Receive News & Ratings for MYT Netherlands Parent B.V. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MYT Netherlands Parent B.V. and related companies with MarketBeat.com's FREE daily email newsletter.