MYT Netherlands Parent B.V. (NYSE:MYTE) Trading Down 3.8%

MYT Netherlands Parent B.V. (NYSE:MYTE) was down 3.8% on Tuesday . The stock traded as low as $3.53 and last traded at $3.57. Approximately 45,637 shares changed hands during mid-day trading, a decline of 25% from the average daily volume of 60,663 shares. The stock had previously closed at $3.71.

Wall Street Analysts Forecast Growth

Separately, TD Cowen lifted their price target on MYT Netherlands Parent B.V. from $4.00 to $5.00 and gave the stock a “hold” rating in a research note on Thursday, May 16th.

MYT Netherlands Parent B.V. Stock Performance

The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.32 and a current ratio of 2.20. The firm’s 50 day moving average is $4.36 and its 200-day moving average is $4.11. The company has a market cap of $303.46 million, a PE ratio of -10.82 and a beta of 1.12.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Luxor Capital Group LP boosted its holdings in MYT Netherlands Parent B.V. by 591.8% in the 2nd quarter. Luxor Capital Group LP now owns 236,575 shares of the company’s stock valued at $1,207,000 after purchasing an additional 202,379 shares during the last quarter. Avalon Global Asset Management LLC lifted its holdings in MYT Netherlands Parent B.V. by 14.8% in the second quarter. Avalon Global Asset Management LLC now owns 700,000 shares of the company’s stock valued at $3,570,000 after acquiring an additional 90,000 shares during the last quarter. CastleKnight Management LP grew its position in MYT Netherlands Parent B.V. by 71.5% in the fourth quarter. CastleKnight Management LP now owns 213,172 shares of the company’s stock worth $680,000 after acquiring an additional 88,872 shares during the period. Sylebra Capital LLC increased its stake in MYT Netherlands Parent B.V. by 1.1% during the first quarter. Sylebra Capital LLC now owns 3,895,398 shares of the company’s stock worth $12,387,000 after acquiring an additional 41,914 shares during the last quarter. Finally, Vontobel Holding Ltd. raised its position in MYT Netherlands Parent B.V. by 13.2% in the fourth quarter. Vontobel Holding Ltd. now owns 175,310 shares of the company’s stock valued at $559,000 after purchasing an additional 20,410 shares during the period. 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.