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

Shares of Hennes & Mauritz AB (OTCMKTS:HNNMY) have been given an average rating of “Hold” by the seven ratings firms that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and one has assigned a strong buy recommendation to the company.

Several equities analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Hennes & Mauritz in a research note on Friday, January 30th. Citigroup reaffirmed a “neutral” rating on shares of Hennes & Mauritz in a research note on Wednesday, February 25th. Dnb Carnegie downgraded shares of Hennes & Mauritz from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 17th. Finally, Barclays downgraded shares of Hennes & Mauritz from a “hold” rating to a “strong sell” rating in a research note on Friday, February 13th.

Hennes & Mauritz Stock Performance

Hennes & Mauritz stock opened at $3.50 on Thursday. The firm has a 50 day simple moving average of $3.60 and a 200-day simple moving average of $3.78. Hennes & Mauritz has a 1-year low of $2.50 and a 1-year high of $4.25. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.18 and a quick ratio of 0.58. The stock has a market cap of $24.68 billion, a price-to-earnings ratio of 21.88 and a beta of 1.10.

Hennes & Mauritz (OTCMKTS:HNNMY) last posted its quarterly earnings results on Thursday, March 26th. The company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. Hennes & Mauritz had a net margin of 5.48% and a return on equity of 30.79%. The business had revenue of $5.43 billion during the quarter, compared to analysts’ expectations of $5.63 billion. On average, analysts expect 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.