MYT Netherlands Parent B.V. (MYTE) Set to Announce Earnings on Thursday

MYT Netherlands Parent B.V. (NYSE:MYTE) will be announcing its earnings results before the market opens on Thursday, September 14th. Analysts expect the company to announce earnings of $0.03 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

MYT Netherlands Parent B.V. Trading Down 5.2 %

NYSE:MYTE opened at $3.44 on Thursday. MYT Netherlands Parent B.V. has a 12-month low of $3.02 and a 12-month high of $13.67. The firm has a market capitalization of $291.99 million, a P/E ratio of -38.22 and a beta of 1.08. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.84 and a quick ratio of 0.45. The business has a 50 day simple moving average of $3.75 and a 200 day simple moving average of $4.97.

Hedge Funds Weigh In On MYT Netherlands Parent B.V.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Natixis bought a new position in shares of MYT Netherlands Parent B.V. in the 4th quarter valued at $37,000. Quantbot Technologies LP bought a new position in MYT Netherlands Parent B.V. in the 1st quarter valued at about $56,000. Tower Research Capital LLC TRC lifted its position in MYT Netherlands Parent B.V. by 1,945.0% in the 3rd quarter. Tower Research Capital LLC TRC now owns 5,685 shares of the company’s stock valued at $65,000 after acquiring an additional 5,407 shares in the last quarter. UBS Group AG boosted its stake in shares of MYT Netherlands Parent B.V. by 19.6% in the 3rd quarter. UBS Group AG now owns 8,555 shares of the company’s stock worth $99,000 after buying an additional 1,403 shares during the last quarter. Finally, XTX Topco Ltd purchased a new position in shares of MYT Netherlands Parent B.V. in the 2nd quarter worth approximately $46,000. Institutional investors and hedge funds own 12.23% of the company’s stock.

Wall Street Analyst Weigh In

MYTE has been the topic of a number of research analyst reports. Jefferies Financial Group lowered MYT Netherlands Parent B.V. from a “buy” rating to a “hold” rating and lowered their target price for the company from $19.00 to $4.00 in a report on Wednesday, June 14th. Bank of America cut their target price on MYT Netherlands Parent B.V. from $14.00 to $8.00 in a research report on Thursday, June 29th. Finally, 500.com restated a “reiterates” rating on shares of MYT Netherlands Parent B.V. in a research report on Monday, June 26th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $9.80.

About MYT Netherlands Parent B.V.

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.