Hennes & Mauritz (OTCMKTS:HNNMY) Reaches New 12-Month High – Time to Buy?

Shares of Hennes & Mauritz AB (OTCMKTS:HNNMY) hit a new 52-week high during trading on Thursday . The stock traded as high as $3.98 and last traded at $3.98, with a volume of 10626 shares. The stock had previously closed at $3.85.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Oddo Bhf upgraded shares of Hennes & Mauritz to a “neutral” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Hennes & Mauritz in a research report on Wednesday, September 3rd. Finally, Citigroup raised Hennes & Mauritz from a “sell” rating to a “hold” rating in a research report on Thursday, December 11th. One equities research analyst has rated the stock with a Strong Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Hennes & Mauritz Trading Down 1.8%

The business’s 50-day moving average is $3.71 and its two-hundred day moving average is $3.23. The company has a quick ratio of 0.46, a current ratio of 1.00 and a debt-to-equity ratio of 1.16. The stock has a market capitalization of $27.57 billion, a PE ratio of 27.93 and a beta of 1.20.

Hennes & Mauritz (OTCMKTS:HNNMY) last released its quarterly earnings results on Thursday, September 25th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.03 by $0.01. Hennes & Mauritz had a net margin of 4.80% and a return on equity of 26.34%. The firm had revenue of $5.96 billion during the quarter, compared to the consensus estimate of $56.77 billion. On average, analysts anticipate that Hennes & Mauritz AB will post 0.15 earnings per share for the current fiscal 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.