Hennes & Mauritz AB (OTCMKTS:HNNMY) Given Average Recommendation of “Hold” by Brokerages

Hennes & Mauritz AB (OTCMKTS:HNNMY) has received an average rating of “Hold” from the seven analysts that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a strong buy rating to the company.

Several research analysts have recently weighed in on the stock. Dnb Carnegie cut shares of Hennes & Mauritz from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 17th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Hennes & Mauritz in a report on Friday, January 30th. Citigroup reaffirmed a “neutral” rating on shares of Hennes & Mauritz in a report on Wednesday, February 25th. Finally, Barclays cut shares of Hennes & Mauritz from a “hold” rating to a “strong sell” rating in a report on Friday, February 13th.

Hennes & Mauritz Trading Up 0.5%

Shares of HNNMY stock opened at $3.57 on Friday. The company’s fifty day simple moving average is $3.77 and its two-hundred day simple moving average is $3.81. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.18 and a quick ratio of 0.58. Hennes & Mauritz has a 1 year low of $2.50 and a 1 year high of $4.25. The stock has a market capitalization of $25.17 billion, a price-to-earnings ratio of 22.31 and a beta of 1.11.

Hennes & Mauritz (OTCMKTS:HNNMY) last issued its earnings results on Thursday, March 26th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.01. The business had revenue of $5.43 billion for the quarter, compared to analysts’ expectations of $5.63 billion. Hennes & Mauritz had a net margin of 5.48% and a return on equity of 30.79%. As a group, analysts anticipate that Hennes & Mauritz will post 0.17 earnings per share for the current year.

Hennes & Mauritz Company Profile

Hennes & Mauritz AB, commonly known as H&M, is a Swedish multinational fashion retailer that designs, sources and sells ready-to-wear clothing, accessories and home textiles. The company traces its roots to 1947, when Erling Persson opened a women’s clothing store called Hennes (“hers”) in Västerås, Sweden; the business expanded into menswear after the acquisition of a Stockholm-based retailer, Mauritz Widforss, in the late 1960s, which led to the Hennes & Mauritz name. Today the company is headquartered in Stockholm and operates a global retail business built around multiple branded concepts.

H&M’s core activities include product design, sourcing and retailing of fashion for women, men, teenagers and children, as well as home goods under its H&M Home line.