MYT Netherlands Parent B.V. (NYSE:MYTE) Upgraded at TD Cowen

TD Cowen upgraded shares of MYT Netherlands Parent B.V. (NYSE:MYTE) from a hold rating to a buy rating in a research note issued to investors on Monday morning, Marketbeat reports. TD Cowen currently has $14.00 price objective on the stock, up from their prior price objective of $13.00.

MYT Netherlands Parent B.V. Price Performance

MYTE opened at $10.84 on Monday. The company’s 50 day simple moving average is $9.36 and its 200 day simple moving average is $6.99. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.22 and a current ratio of 1.78. MYT Netherlands Parent B.V. has a 1 year low of $3.13 and a 1 year high of $12.50. The stock has a market capitalization of $924.28 million, a PE ratio of -25.21 and a beta of 0.96.

MYT Netherlands Parent B.V. (NYSE:MYTE) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $0.07 earnings per share for the quarter, beating 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%. As a group, sell-side analysts expect that MYT Netherlands Parent B.V. will post -0.39 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of MYTE. DJE Kapital AG acquired a new position in MYT Netherlands Parent B.V. during the fourth quarter valued at approximately $15,667,000. Woodson Capital Management LP purchased a new stake in shares of MYT Netherlands Parent B.V. during the fourth quarter valued at approximately $11,906,000. Capricorn Fund Managers Ltd purchased a new stake in shares of MYT Netherlands Parent B.V. during the fourth quarter valued at approximately $4,225,000. CastleKnight Management LP raised its stake in shares of MYT Netherlands Parent B.V. by 286.8% during the fourth quarter. CastleKnight Management LP now owns 652,141 shares of the company’s stock valued at $4,630,000 after purchasing an additional 483,541 shares during the period. Finally, Portolan Capital Management LLC raised its stake in shares of MYT Netherlands Parent B.V. by 30.6% during the third quarter. Portolan Capital Management LLC now owns 1,805,758 shares of the company’s stock valued at $6,880,000 after purchasing an additional 422,942 shares during the period. 10.07% of the stock is owned by institutional investors and hedge funds.

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.