Hennes & Mauritz AB (OTCMKTS:HNNMY) Given Average Rating of “Reduce” by Brokerages

Hennes & Mauritz AB (OTCMKTS:HNNMY) has been given an average rating of “Reduce” by the seven ratings firms that are presently covering the stock, Marketbeat reports. Three analysts have rated the stock with a sell recommendation and four have issued a hold recommendation on the company.

A number of research analysts have issued reports on the company. Zacks Research upgraded Hennes & Mauritz from a “strong sell” rating to a “hold” rating in a research report on Friday, August 14th. Citigroup reissued a “neutral” rating on shares of Hennes & Mauritz in a report on Tuesday, August 18th. Finally, Pareto Securities cut shares of Hennes & Mauritz to a “sell” rating in a research note on Friday, June 26th.

Hennes & Mauritz Stock Performance

HNNMY opened at $3.35 on Wednesday. The business’s 50 day moving average is $3.54 and its 200-day moving average is $3.59. The stock has a market cap of $23.52 billion, a PE ratio of 20.94 and a beta of 1.12. The company has a current ratio of 1.07, a quick ratio of 0.53 and a debt-to-equity ratio of 1.31. Hennes & Mauritz has a twelve month low of $3.07 and a twelve month high of $4.25.

Hennes & Mauritz (OTCMKTS:HNNMY) last issued its quarterly earnings data on Thursday, June 25th. The company reported $0.05 earnings per share (EPS) 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 business had revenue of $5.90 billion during the quarter, compared to the consensus estimate of $5.79 billion. On average, analysts predict that Hennes & Mauritz will post 0.17 earnings per share for the current year.

Hennes & Mauritz Company Profile

Hennes & Mauritz AB, commonly known as H&M, is a Sweden-based fashion retailer that sells clothing, accessories, footwear, beauty products and home furnishings. Its business spans design, sourcing, retail and online sales, with products aimed at women, men and children across a range of price points.

The company was founded in 1947 by Erling Persson as a women’s clothing store called Hennes in Västerås, Sweden. After acquiring the hunting and menswear retailer Mauritz Widforss in 1968, it adopted the Hennes & Mauritz name and expanded into menswear and children’s apparel.