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

Shares of Hennes & Mauritz AB (OTCMKTS:HNNMY) have earned an average recommendation of “Reduce” from the eight ratings firms that are covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a strong buy recommendation to the company.

Several research analysts recently weighed in on the stock. Pareto Securities downgraded shares of Hennes & Mauritz to a “sell” rating in a research report on Friday, June 26th. Zacks Research downgraded Hennes & Mauritz from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 16th.

Hennes & Mauritz Trading Down 1.8%

Shares of Hennes & Mauritz stock opened at $3.30 on Tuesday. Hennes & Mauritz has a fifty-two week low of $2.58 and a fifty-two 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. The company has a market cap of $23.17 billion, a P/E ratio of 20.63 and a beta of 1.10. The firm has a 50-day simple moving average of $3.42 and a two-hundred day simple moving average of $3.69.

Hennes & Mauritz (OTCMKTS:HNNMY) last announced its earnings results 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). The business had revenue of $5.90 billion for the quarter, compared to analysts’ expectations of $5.79 billion. Hennes & Mauritz had a net margin of 5.55% and a return on equity of 31.51%. As a group, equities analysts predict that Hennes & Mauritz will post 0.17 earnings per share for the current fiscal year.

About Hennes & Mauritz

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.