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

Shares of Hennes & Mauritz AB (OTCMKTS:HNNMY) have earned an average rating of “Reduce” from the seven analysts that are currently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating and four have issued a hold rating on the company.

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

Hennes & Mauritz Trading Up 0.8%

Shares of OTCMKTS:HNNMY opened at $3.81 on Friday. Hennes & Mauritz has a 12-month low of $2.83 and a 12-month high of $4.25. The business’s fifty day simple moving average is $3.49 and its 200-day simple moving average is $3.64. The company has a market capitalization of $26.76 billion, a PE ratio of 23.81 and a beta of 1.11. The company has a current ratio of 1.07, a quick ratio of 0.53 and a debt-to-equity ratio of 1.31.

Hennes & Mauritz (OTCMKTS:HNNMY) last issued its quarterly earnings data on Thursday, June 25th. The company reported $0.05 earnings per share 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 company had revenue of $5.90 billion for the quarter, compared to analysts’ expectations of $5.79 billion. As a group, equities research analysts predict that Hennes & Mauritz will post 0.17 earnings per share 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.