Hennes & Mauritz AB (OTCMKTS:HNNMY – Get Free Report)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $3.66 and traded as high as $3.7050. Hennes & Mauritz shares last traded at $3.69, with a volume of 113,892 shares changing hands.
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on the company. Pareto Securities lowered Hennes & Mauritz to a “sell” rating in a research report on Friday, June 26th. Zacks Research downgraded shares of Hennes & Mauritz from a “hold” rating to a “strong sell” rating in a report on Thursday, July 16th. Three equities research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Strong Sell”.
Check Out Our Latest Research Report on HNNMY
Hennes & Mauritz Stock Performance
Hennes & Mauritz (OTCMKTS:HNNMY – Get Free Report) last posted its earnings results on Thursday, June 25th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). The business had revenue of $5.90 billion during the quarter, compared to analyst estimates of $5.79 billion. Hennes & Mauritz had a net margin of 5.55% and a return on equity of 31.51%. As a group, equities research analysts forecast that Hennes & Mauritz AB 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 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.
Featured Stories
- Five stocks we like better than Hennes & Mauritz
- SpaceX: Love the Company, But the Stock Is a Harder Call
- Ulta’s Growth Is Real, But So Are the Risks
- BWX Technologies Is Turning the AI Power Problem Into a Nuclear Growth Story
- Meta’s Earnings Drop Shows Wall Street Wants More Than Ad Growth
Receive News & Ratings for Hennes & Mauritz Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hennes & Mauritz and related companies with MarketBeat.com's FREE daily email newsletter.
