Hennes & Mauritz (OTCMKTS:HNNMY) Hits New 1-Year High – Still a Buy?

Shares of Hennes & Mauritz AB (OTCMKTS:HNNMY) hit a new 52-week high during trading on Thursday . The stock traded as high as $3.83 and last traded at $3.81, with a volume of 41297 shares traded. The stock had previously closed at $3.62.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on HNNMY. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Hennes & Mauritz in a research note on Wednesday, September 3rd. Zacks Research upgraded Hennes & Mauritz from a “strong sell” rating to a “hold” rating in a report on Thursday, August 14th. Berenberg Bank raised Hennes & Mauritz to a “strong-buy” rating in a research report on Friday, August 1st. Finally, Citigroup restated a “sell” rating on shares of Hennes & Mauritz in a report on Friday, September 26th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Hennes & Mauritz currently has a consensus rating of “Hold”.

Hennes & Mauritz Trading Down 2.7%

The firm has a fifty day moving average of $3.48 and a 200-day moving average of $3.06. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.46 and a current ratio of 1.00. The stock has a market capitalization of $25.52 billion, a price-to-earnings ratio of 25.86 and a beta of 1.34.

Hennes & Mauritz (OTCMKTS:HNNMY) last issued its quarterly earnings data on Thursday, September 25th. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. Hennes & Mauritz had a return on equity of 26.34% and a net margin of 4.80%.The company had revenue of $5.96 billion for the quarter, compared to analysts’ expectations of $56.77 billion. As a group, equities analysts predict that Hennes & Mauritz AB will post 0.15 earnings per share for the current fiscal year.

About Hennes & Mauritz

H & M Hennes & Mauritz AB (publ) provides clothing, accessories, footwear, cosmetics, home textiles, and homeware for women, men, and children worldwide. It offers sportswear, shoes, bags, beauty products, activewear, jeans, and ready-to-wear; and interior products, including bed linens, dinnerware, textiles, furniture, and lighting.