MYT Netherlands Parent B.V. (NYSE:MYTE) Downgraded to Hold at Jefferies Financial Group

Jefferies Financial Group lowered shares of MYT Netherlands Parent B.V. (NYSE:MYTE – Get Rating) from a buy rating to a hold rating in a research note issued to investors on Wednesday morning, The Fly reports. They currently have $4.00 price objective on the stock, down from their prior price objective of $19.00.

MYTE has been the subject of several other reports. Societe Generale lowered MYT Netherlands Parent B.V. from a buy rating to a hold rating and set a $7.00 price objective for the company. in a research report on Thursday, April 20th. JPMorgan Chase & Co. lowered MYT Netherlands Parent B.V. from an overweight rating to a neutral rating and lowered their price objective for the stock from $9.00 to $7.00 in a research report on Wednesday, April 19th. Morgan Stanley lowered their price target on MYT Netherlands Parent B.V. from $9.00 to $6.00 and set an equal weight rating for the company in a research report on Thursday, April 20th. TD Cowen lowered MYT Netherlands Parent B.V. from an outperform rating to a market perform rating and lowered their price target for the stock from $13.00 to $7.00 in a research report on Thursday, March 16th. Finally, UBS Group lowered their price target on MYT Netherlands Parent B.V. from $14.00 to $10.00 and set a buy rating for the company in a research report on Thursday, April 6th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, MYT Netherlands Parent B.V. has an average rating of Hold and a consensus target price of $10.00.

MYT Netherlands Parent B.V. Trading Down 5.9 %

MYTE opened at $3.83 on Wednesday. The stock has a market capitalization of $325.09 million, a PE ratio of -42.56 and a beta of 1.05. MYT Netherlands Parent B.V. has a one year low of $3.75 and a one year high of $15.90. 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 business’s 50 day moving average price is $4.87 and its 200 day moving average price is $7.65.

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MYT Netherlands Parent B.V. (NYSE:MYTE – Get Rating) last issued its quarterly earnings data on Wednesday, May 10th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.09). The business had revenue of $213.37 million during the quarter, compared to analysts’ expectations of $236.00 million. MYT Netherlands Parent B.V. had a positive return on equity of 5.34% and a negative net margin of 1.05%. As a group, equities research analysts expect that MYT Netherlands Parent B.V. will post 0.23 EPS for the current year.

Institutional Trading of MYT Netherlands Parent B.V.

Several hedge funds have recently modified their holdings of MYTE. Natixis acquired a new stake in shares of MYT Netherlands Parent B.V. in the fourth quarter valued at $37,000. Quantbot Technologies LP acquired a new stake in shares of MYT Netherlands Parent B.V. in the first quarter valued at $56,000. Tower Research Capital LLC TRC raised its stake in shares of MYT Netherlands Parent B.V. by 1,945.0% in the third 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 raised its stake in MYT Netherlands Parent B.V. by 12.7% in the fourth quarter. UBS Group AG now owns 9,643 shares of the company’s stock valued at $86,000 after buying an additional 1,088 shares in the last quarter. Finally, BlackRock Inc. acquired a new stake in MYT Netherlands Parent B.V. in the first quarter valued at $137,000. 21.84% of the stock is currently owned by institutional investors and hedge funds.

About MYT Netherlands Parent B.V.

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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.