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

Hennes & Mauritz AB (OTCMKTS:HNNMY – Get Free Report) has been given a consensus recommendation of “Reduce” by the eight research firms that are presently covering the company, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and one has given a strong buy recommendation to the company.

Separately, Pareto Securities lowered shares of Hennes & Mauritz to a “sell” rating in a research report on Friday.

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Hennes & Mauritz Price Performance

HNNMY opened at $3.39 on Friday. The stock has a 50-day moving average price of $3.52 and a 200-day moving average price of $3.75. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.18 and a quick ratio of 0.58. The firm has a market cap of $23.90 billion, a PE ratio of 21.19 and a beta of 1.09. Hennes & Mauritz has a 1 year low of $2.58 and a 1 year high of $4.25.

Hennes & Mauritz (OTCMKTS:HNNMY – Get Free Report) last posted its 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). Hennes & Mauritz had a net margin of 5.48% and a return on equity of 30.79%. Sell-side analysts predict that Hennes & Mauritz will post 0.17 earnings per share for the current fiscal year.

Hennes & Mauritz Company Profile

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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.

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