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

Hennes & Mauritz AB (OTCMKTS:HNNMY) has earned a consensus rating of “Reduce” from the seven ratings firms that are currently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company.

HNNMY has been the topic of several analyst reports. Pareto Securities downgraded Hennes & Mauritz to a “sell” rating in a report on Friday, June 26th. Zacks Research upgraded Hennes & Mauritz from a “strong sell” rating to a “hold” rating in a report on Friday, August 14th. Finally, Citigroup restated a “neutral” rating on shares of Hennes & Mauritz in a research report on Tuesday, August 18th.

Hennes & Mauritz Price Performance

HNNMY stock opened at $3.17 on Friday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.53 and a current ratio of 1.13. Hennes & Mauritz has a 52 week low of $3.07 and a 52 week high of $4.25. The firm’s fifty day moving average is $3.50 and its 200 day moving average is $3.50. The firm has a market cap of $22.26 billion, a P/E ratio of 18.65 and a beta of 1.17.

Hennes & Mauritz (OTCMKTS:HNNMY) last posted its quarterly earnings results on Wednesday, September 23rd. The company reported $0.05 earnings per share for the quarter, hitting the consensus estimate of $0.05. Hennes & Mauritz had a net margin of 5.94% and a return on equity of 33.70%. The business had revenue of $5.98 billion during the quarter, compared to the consensus estimate of $5.84 billion. Research analysts predict 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 Sweden-based fashion and retail company that sells clothing, accessories, footwear, beauty products and home furnishings. Its offerings are marketed through physical stores and digital sales channels, with products designed for women, men, teenagers and children.

Founded in 1947 by Erling Persson as a women’s clothing store called Hennes, the company later expanded into menswear and became Hennes & Mauritz following the acquisition of Mauritz Widforss in 1968.