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

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

Separately, Pareto Securities cut shares of Hennes & Mauritz to a “sell” rating in a research report on Friday.

Hennes & Mauritz Stock Down 0.3%

OTCMKTS HNNMY opened at $3.39 on Friday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.58 and a current ratio of 1.18. The company has a market capitalization of $23.90 billion, a P/E ratio of 21.19 and a beta of 1.09. Hennes & Mauritz has a one year low of $2.58 and a one year high of $4.25. The stock has a 50 day moving average price of $3.52 and a 200-day moving average price of $3.75.

Hennes & Mauritz (OTCMKTS:HNNMY) last posted its earnings results on Thursday, June 25th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). Hennes & Mauritz had a net margin of 5.48% and a return on equity of 30.79%. As a group, equities analysts predict that Hennes & Mauritz will post 0.17 EPS 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.