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

Shares of Hennes & Mauritz AB (OTCMKTS:HNNMY) have been assigned a consensus recommendation of “Reduce” from the eight brokerages that are covering the firm, Marketbeat reports. Three analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and one has given a strong buy recommendation to the company.

Separately, Pareto Securities lowered shares of Hennes & Mauritz to a “sell” rating in a research note on Friday, June 26th.

Hennes & Mauritz Stock Performance

Shares of OTCMKTS HNNMY opened at $3.39 on Friday. The firm’s 50-day moving average price is $3.47 and its 200-day moving average price is $3.74. Hennes & Mauritz has a 52-week low of $2.58 and a 52-week high of $4.25. The company has a market cap of $23.90 billion, a PE ratio of 21.19 and a beta of 1.10. The company has a quick ratio of 0.58, a current ratio of 1.18 and a debt-to-equity ratio of 1.08.

Hennes & Mauritz (OTCMKTS:HNNMY) last issued its quarterly earnings data on Thursday, June 25th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The company had revenue of $5.90 billion for the quarter, compared to the consensus estimate of $5.79 billion. Hennes & Mauritz had a net margin of 5.55% and a return on equity of 30.28%. As a group, analysts anticipate that Hennes & Mauritz will post 0.17 EPS 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.