Hennes & Mauritz AB (OTCMKTS:HNNMY – Get Free Report) gapped down prior to trading on Friday. The stock had previously closed at $3.68, but opened at $3.36. Hennes & Mauritz shares last traded at $3.50, with a volume of 1,270 shares traded.
Analysts Set New Price Targets
HNNMY has been the topic of a number of recent research reports. Citigroup reiterated a “neutral” rating on shares of Hennes & Mauritz in a research note on Tuesday, August 18th. Zacks Research raised shares of Hennes & Mauritz from a “strong sell” rating to a “hold” rating in a report on Friday, August 14th. Four analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Reduce”.
Get Our Latest Report on HNNMY
Hennes & Mauritz Stock Performance
The company has a market cap of $25.00 billion, a P/E ratio of 20.94 and a beta of 1.20. The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 1.16. The company has a 50 day moving average price of $3.39 and a 200-day moving average price of $3.59.
Hennes & Mauritz (OTCMKTS:HNNMY – Get Free Report) last posted its quarterly earnings data on Wednesday, September 23rd. The company reported $0.05 earnings per share for the quarter, hitting the consensus estimate of $0.05. The business had revenue of $5.98 billion during the quarter, compared to the consensus estimate of $5.84 billion. Hennes & Mauritz had a net margin of 5.94% and a return on equity of 33.70%. Equities analysts expect that Hennes & Mauritz AB will post 0.17 EPS for the current fiscal year.
About Hennes & Mauritz
Hennes & Mauritz AB, commonly known as H&M Group, is a Swedish fashion and retail company that designs, sources and sells clothing, accessories, footwear, beauty products and home furnishings. Its brands serve a broad range of customers through physical stores, digital platforms and e-commerce channels.
The company’s portfolio includes H&M, COS, Weekday, & Other Stories, ARKET and other fashion and lifestyle concepts. H&M is known for offering trend-focused apparel and accessories, while the group’s other brands generally target distinct segments ranging from contemporary and premium fashion to home goods and resale.
H&M was founded in 1947 by Erling Persson in Västerås, Sweden, originally under the name Hennes.
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