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

Shares of Hennes & Mauritz AB (OTCMKTS:HNNMY) have been assigned an average recommendation of “Reduce” from the eight research firms that are currently covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a strong buy rating on the company.

A number of equities research analysts have issued reports on the stock. Pareto Securities lowered shares of Hennes & Mauritz to a “sell” rating in a report on Friday, June 26th. Zacks Research downgraded shares of Hennes & Mauritz from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 16th.

Hennes & Mauritz Stock Up 3.9%

Shares of OTCMKTS:HNNMY opened at $3.44 on Tuesday. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.07 and a quick ratio of 0.53. The firm has a market capitalization of $24.16 billion, a PE ratio of 21.50 and a beta of 1.10. The firm’s 50-day moving average is $3.41 and its two-hundred day moving average is $3.67. Hennes & Mauritz has a 1 year low of $2.58 and a 1 year high of $4.25.

Hennes & Mauritz (OTCMKTS:HNNMY) last issued its quarterly earnings results on Thursday, June 25th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). The business had revenue of $5.90 billion for the quarter, compared to analyst estimates of $5.79 billion. Hennes & Mauritz had a return on equity of 31.51% and a net margin of 5.55%. Analysts predict 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.