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

Truist Financial Corp lessened its holdings in MYT Netherlands Parent B.V. (NYSE:MYTE – Get Rating) by 31.1% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 56,667 shares of the company’s stock after selling 25,570 shares during the quarter. Truist Financial Corp owned approximately 0.07% of MYT Netherlands Parent B.V. worth $653,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the business. Sei Investments Co. grew its position in MYT Netherlands Parent B.V. by 2.5% in 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. Allspring Global Investments Holdings LLC grew its holdings in MYT Netherlands Parent B.V. by 0.3% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 644,801 shares of the company’s stock worth $6,370,000 after acquiring an additional 2,046 shares in the last quarter. Advisor Group Holdings Inc. grew its holdings in 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 worth $295,000 after acquiring an additional 2,429 shares in the last quarter. Invesco Ltd. grew its holdings in MYT Netherlands Parent B.V. by 0.3% during the 1st quarter. Invesco Ltd. now owns 1,185,003 shares of the company’s stock worth $14,492,000 after acquiring an additional 3,444 shares in the last quarter. Finally, Quantbot Technologies LP bought a new position in MYT Netherlands Parent B.V. during the 1st quarter worth about $56,000. Institutional investors own 21.84% of the company’s stock.

MYT Netherlands Parent B.V. Stock Up 4.5 %

MYTE stock opened at $11.51 on Monday. The firm has a 50 day moving average of $9.91 and a 200 day moving average of $11.46. The stock has a market capitalization of $974.71 million, a PE ratio of -191.83 and a beta of 0.78. The company has a quick ratio of 0.93, a current ratio of 2.85 and a debt-to-equity ratio of 0.09. MYT Netherlands Parent B.V. has a 52 week low of $8.29 and a 52 week high of $19.22.

MYT Netherlands Parent B.V. (NYSE:MYTE – Get Rating) last released its earnings results on Tuesday, November 8th. The company reported $0.08 EPS for the quarter, hitting analysts’ consensus estimates of $0.08. The company had revenue of $177.28 million during the quarter, compared to analysts’ expectations of $177.42 million. MYT Netherlands Parent B.V. had a negative net margin of 0.59% and a positive return on equity of 9.99%. Sell-side analysts forecast that MYT Netherlands Parent B.V. will post 0.53 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Morgan Stanley dropped their target price on shares of MYT Netherlands Parent B.V. from $10.00 to $9.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 18th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.14.

MYT Netherlands Parent B.V. Profile

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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, rest of Europe, and internationally. It offers womenswear, menswear, kids wear, and lifestyle products. The company sells clothes, bags, shoes, accessories, and fine jewelry through online and retail stores.