MYT Netherlands Parent B.V. (NYSE:MYTE) Receives “Equal Weight” Rating from Morgan Stanley

Morgan Stanley reiterated their equal weight rating on shares of MYT Netherlands Parent B.V. (NYSE:MYTE) in a report released on Monday, Benzinga reports. They currently have a $4.50 target price on the stock, down from their prior target price of $6.00.

Other research analysts have also issued reports about the stock. 500.com reiterated a reiterates rating on shares of MYT Netherlands Parent B.V. in a research note on Monday, June 26th. Bank of America reduced their price objective on shares of MYT Netherlands Parent B.V. from $14.00 to $8.00 in a report on Thursday, June 29th. UBS Group raised their price objective on shares of MYT Netherlands Parent B.V. from $4.60 to $5.20 and gave the stock a buy rating in a report on Friday. Finally, Jefferies Financial Group downgraded shares of MYT Netherlands Parent B.V. from a buy rating to a hold rating and cut their price target for the company from $19.00 to $4.00 in a report on Wednesday, June 14th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of Hold and a consensus price target of $6.10.

MYT Netherlands Parent B.V. Stock Performance

Shares of MYTE opened at $3.95 on Monday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.45 and a current ratio of 2.84. The company has a market capitalization of $335.28 million, a PE ratio of -21.94 and a beta of 1.08. MYT Netherlands Parent B.V. has a 52 week low of $3.02 and a 52 week high of $13.00. The company’s 50 day moving average price is $3.72 and its 200 day moving average price is $4.66.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Sylebra Capital Ltd raised its holdings in MYT Netherlands Parent B.V. by 0.5% in the 1st quarter. Sylebra Capital Ltd now owns 3,907,220 shares of the company’s stock valued at $27,468,000 after buying an additional 18,412 shares during the last quarter. TimesSquare Capital Management LLC grew its position in shares of MYT Netherlands Parent B.V. by 19.8% during the 1st quarter. TimesSquare Capital Management LLC now owns 1,586,390 shares of the company’s stock worth $11,152,000 after buying an additional 261,840 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of MYT Netherlands Parent B.V. by 0.4% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 1,272,204 shares of the company’s stock worth $12,569,000 after buying an additional 5,500 shares during the period. Invesco Ltd. grew its position in MYT Netherlands Parent B.V. by 0.3% in the 1st quarter. Invesco Ltd. now owns 1,185,003 shares of the company’s stock valued at $14,492,000 after purchasing an additional 3,444 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its position in MYT Netherlands Parent B.V. by 3.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 734,760 shares of the company’s stock valued at $5,165,000 after purchasing an additional 25,644 shares during the period. Institutional investors own 12.23% of the company’s stock.

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.