Hennes & Mauritz (OTCMKTS:HNNMY) Sees Strong Trading Volume – What’s Next?

Hennes & Mauritz AB (OTCMKTS:HNNMY – Get Free Report) saw unusually-high trading volume on Wednesday. 123,535 shares changed hands during trading, a decline of 30% from the previous session’s volume of 176,981 shares. The stock last traded at $3.2625 and had previously closed at $3.20.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on HNNMY. Citigroup restated a “neutral” rating on shares of Hennes & Mauritz in a report on Tuesday, August 18th. Pareto Securities cut shares of Hennes & Mauritz to a “sell” rating in a report on Friday, June 26th. Finally, Zacks Research raised shares of Hennes & Mauritz from a “strong sell” rating to a “hold” rating in a report on Friday, August 14th. Four research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Reduce”.

Check Out Our Latest Stock Report on HNNMY

Hennes & Mauritz Stock Performance

The company has a market capitalization of $22.82 billion, a price-to-earnings ratio of 19.12 and a beta of 1.17. 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 stock has a fifty day moving average price of $3.46 and a two-hundred day moving average price of $3.49.

Hennes & Mauritz (OTCMKTS:HNNMY – Get Free Report) last posted its quarterly earnings results on Wednesday, September 23rd. The company reported $0.05 EPS for the quarter, meeting the consensus estimate of $0.05. The company had revenue of $5.98 billion during the quarter, compared to analysts’ expectations of $5.84 billion. Hennes & Mauritz had a return on equity of 33.70% and a net margin of 5.94%. As a group, analysts forecast that Hennes & Mauritz AB will post 0.17 EPS for the current fiscal year.

About Hennes & Mauritz

(Get Free Report)

Hennes & Mauritz AB, commonly known as H&M, is a Sweden-based fashion and retail company that sells clothing, accessories, footwear, beauty products and home furnishings. Its offerings are marketed through physical stores and digital sales channels, with products designed for women, men, teenagers and children.

Founded in 1947 by Erling Persson as a women’s clothing store called Hennes, the company later expanded into menswear and became Hennes & Mauritz following the acquisition of Mauritz Widforss in 1968.

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