MYT Netherlands Parent B.V. (NYSE:MYTE) Trading Up 5.5% – Still a Buy?

MYT Netherlands Parent B.V. (NYSE:MYTE) shot up 5.5% on Monday . The company traded as high as $11.25 and last traded at $11.01. 31,839 shares changed hands during mid-day trading, a decline of 81% from the average session volume of 169,773 shares. The stock had previously closed at $10.44.

Analyst Ratings Changes

Separately, TD Cowen upgraded shares of MYT Netherlands Parent B.V. from a “hold” rating to a “buy” rating and upped their target price for the company from $13.00 to $14.00 in a research note on Monday.

MYT Netherlands Parent B.V. Stock Performance

The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.22 and a current ratio of 1.78. The company’s fifty day simple moving average is $9.14 and its two-hundred day simple moving average is $6.87. The company has a market capitalization of $898.70 million, a price-to-earnings ratio of -24.51 and a beta of 1.01.

MYT Netherlands Parent B.V. (NYSE:MYTE) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.10. MYT Netherlands Parent B.V. had a negative net margin of 3.98% and a negative return on equity of 5.88%. Equities research analysts predict that MYT Netherlands Parent B.V. will post -0.39 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Luxor Capital Group LP grew its position in MYT Netherlands Parent B.V. by 94.3% in the 3rd quarter. Luxor Capital Group LP now owns 459,588 shares of the company’s stock worth $1,751,000 after purchasing an additional 223,013 shares during the last quarter. Capricorn Fund Managers Ltd bought a new stake in MYT Netherlands Parent B.V. during the fourth quarter worth approximately $4,225,000. Portolan Capital Management LLC boosted its stake in shares of MYT Netherlands Parent B.V. by 30.6% during the 3rd quarter. Portolan Capital Management LLC now owns 1,805,758 shares of the company’s stock worth $6,880,000 after acquiring an additional 422,942 shares in the last quarter. DJE Kapital AG purchased a new position in MYT Netherlands Parent B.V. in the 4th quarter worth about $15,667,000. Finally, Coronation Fund Managers Ltd. acquired a new stake in shares of MYT Netherlands Parent B.V. during the fourth quarter valued at approximately $124,000. Institutional investors and hedge funds own 10.07% 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.