Hennes & Mauritz (OTCMKTS:HNNMY) Lowered to Strong Sell Rating by Zacks Research

Zacks Research cut shares of Hennes & Mauritz (OTCMKTS:HNNMY) from a hold rating to a strong sell rating in a research note released on Thursday,Zacks.com reports.

Separately, Pareto Securities lowered shares of Hennes & Mauritz to a “sell” rating in a research report on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce”.

Hennes & Mauritz Trading Up 0.9%

OTCMKTS:HNNMY opened at $3.36 on Thursday. The company has a current ratio of 1.07, a quick ratio of 0.53 and a debt-to-equity ratio of 1.31. The stock has a market capitalization of $23.60 billion, a PE ratio of 21.00 and a beta of 1.10. The firm’s 50 day moving average is $3.42 and its 200 day moving average is $3.70. Hennes & Mauritz has a 12 month low of $2.58 and a 12 month high of $4.25.

Hennes & Mauritz (OTCMKTS:HNNMY) last released its earnings results 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). Hennes & Mauritz had a return on equity of 31.51% and a net margin of 5.55%.The firm had revenue of $5.90 billion during the quarter, compared to analysts’ expectations of $5.79 billion. Sell-side analysts expect that Hennes & Mauritz will post 0.17 earnings per share for the current 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.