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

Shares of Hennes & Mauritz AB (OTCMKTS:HNNMY – Get Free Report) have been given a consensus rating of “Reduce” by the seven ratings firms that are currently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation and four have given a hold recommendation to the company.

A number of analysts recently commented on HNNMY shares. Zacks Research upgraded Hennes & Mauritz from a “strong sell” rating to a “hold” rating in a research report on Friday, August 14th. Pareto Securities downgraded shares of Hennes & Mauritz to a “sell” rating in a research report on Friday, June 26th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Hennes & Mauritz in a research note on Tuesday, August 18th.

Get Hennes & Mauritz alerts:

View Our Latest Report on HNNMY

Hennes & Mauritz Stock Down 2.8%

OTCMKTS HNNMY opened at $3.52 on Wednesday. The stock has a fifty day moving average of $3.54 and a 200-day moving average of $3.60. The stock has a market capitalization of $24.72 billion, a P/E ratio of 22.00 and a beta of 1.12. Hennes & Mauritz has a 52 week low of $3.07 and a 52 week high of $4.25. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.53 and a current ratio of 1.07.

Hennes & Mauritz (OTCMKTS:HNNMY – Get Free Report) last released its earnings results 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 firm had revenue of $5.90 billion for the quarter, compared to the consensus estimate of $5.79 billion. On average, equities research analysts forecast that Hennes & Mauritz will post 0.17 EPS for the current year.

Hennes & Mauritz Company Profile

(Get Free Report)

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.

See Also

• Five stocks we like better than Hennes & Mauritz
• Tesla’s Robotaxi Launch Wasn’t the Moment Investors Expected
• Despite Post-Earnings Drop, Wall Street Analysts Eye New Highs for Broadcom Stock
• Morgan Stanley Eyes Good Things Ahead for Meta After $18 Billion Legal Settlement
• Q3 Earnings Could Be the Catalyst the Market Has Been Waiting For

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.