MYT Netherlands Parent BV Unusually high options trading target (NYSE: MYTE)
MYT Netherlands Parent BV (NYSE: MYTE) was the target of unusually large option trades on Tuesday. Stock traders bought 7,092 call options on the stock. This represents an increase of approximately 3,310% over the typical daily volume of 208 call options.
MYT Netherlands Parent BV shares traded up $ 1.09 on Tuesday, reaching $ 20.70. 3,409 shares of the company were traded, for an average volume of 125,448. The company has a leverage ratio of 0.04, a quick ratio of 0.67 and a current ratio of 3.05. The stock has a 50-day moving average price of $ 26.28. The stock has a market cap of $ 1.75 billion and a price-to-earnings ratio of -29.12. MYT Netherlands Parent BV has a one year minimum at $ 19.10 and a one year maximum at $ 36.25.
MYT Netherlands Parent BV (NYSE: MYTE) last reported its quarterly results on Thursday, November 11. The company reported earnings per share of $ 0.10 for the quarter, missing analyst consensus estimates of $ 0.11 per ($ 0.01). MYT Netherlands Parent BV recorded a negative return on equity of 1.95% and a negative net margin of 7.76%. Research analysts predict that MYT Netherlands Parent BV will post earnings per share of 0.48 for the current year.
Hedge funds recently changed their holdings of stocks. Royal Bank of Canada purchased a new position in MYT Netherlands Parent BV during the first quarter valued at approximately $ 157,000. LPL Financial LLC purchased a new position in MYT Netherlands Parent BV in the 2nd quarter for a value of approximately $ 211,000. Advisor Group Holdings Inc. increased its stake in MYT Netherlands Parent BV by 116.7% in the second quarter. Advisor Group Holdings Inc. now owns 8,791 shares of the company valued at $ 268,000 after purchasing an additional 4,734 shares in the last quarter. Jane Street Group LLC purchased a new position in MYT Netherlands Parent BV in the third quarter for a value of approximately $ 282,000. Finally, Schonfeld Strategic Advisors LLC purchased a new position in MYT Netherlands Parent BV in the 2nd quarter for a value of approximately $ 329,000. 22.00% of the shares are held by institutional investors and hedge funds.
Several research analysts recently commented on the company. Morgan Stanley increased its price target on MYT Netherlands Parent BV from $ 40.00 to $ 42.00 and rated the stock “overweight” in a Wednesday September 15th research note. Zacks Investment Research upgraded MYT Netherlands Parent BV from a “sell” note to a “keep” note in a research note dated Friday October 1. UBS Group began covering MYT Netherlands Parent BV in a research note on Thursday, December 2. They set a “conservation” rating and a price target of $ 29.00 for the stock. Credit Suisse Group raised its price target on MYT Netherlands Parent BV from $ 35 to $ 43.00 and gave the company an “outperformance” rating in a Wednesday September 15th research note. Finally, Bank of America upgraded MYT Netherlands Parent BV from an “underperformance” rating to a “buy” rating and set a target price of $ 32.00 on the stock in a research note. Thursday, October 14. Two equity research analysts rated the stock with a conservation rating and six gave the company a buy rating. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $ 37.13.
About MYT Netherlands Parent BV
MYT Netherlands Parent BV, through its subsidiary Mytheresa Group GmbH, operates a luxury e-commerce platform for fashion consumers around the world. The company sells quality clothing, bags, shoes, accessories and jewelry through online operations and retail stores. It serves high income luxury consumers.
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