Hennes & Mauritz AB (OTCMKTS:HNNMY) Receives Average Recommendation of “Strong Sell” from Brokerages

Shares of Hennes & Mauritz AB (OTCMKTS:HNNMY) have earned a consensus rating of “Strong Sell” from the seven brokerages that are presently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company.

HNNMY has been the subject of several analyst reports. Zacks Research cut shares of Hennes & Mauritz from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 16th. Pareto Securities downgraded shares of Hennes & Mauritz to a “sell” rating in a research report on Friday, June 26th.

Hennes & Mauritz Stock Down 0.5%

HNNMY stock opened at $3.62 on Friday. The company has a market cap of $25.42 billion, a PE ratio of 22.63 and a beta of 1.11. The business has a 50-day simple moving average of $3.46 and a 200 day simple moving average of $3.65. Hennes & Mauritz has a 52 week low of $2.83 and a 52 week high of $4.25. The company has a quick ratio of 0.53, a current ratio of 1.07 and a debt-to-equity ratio of 1.31.

Hennes & Mauritz (OTCMKTS:HNNMY) last announced its quarterly earnings data on Thursday, June 25th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The firm had revenue of $5.90 billion for the quarter, compared to analyst estimates of $5.79 billion. Hennes & Mauritz had a return on equity of 31.51% and a net margin of 5.55%. Sell-side analysts anticipate that Hennes & Mauritz will post 0.17 EPS for the current fiscal year.

About Hennes & Mauritz

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.