Hennes & Mauritz (OTCMKTS:HNNMY) Sees Large Volume Increase – Time to Buy?

Shares of Hennes & Mauritz AB (OTCMKTS:HNNMY) saw unusually-high trading volume on Tuesday. 401,681 shares traded hands during trading, an increase of 139% from the previous session’s volume of 167,915 shares. The stock last traded at $3.17 and had previously closed at $3.14.

Analysts Set New Price Targets

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

Hennes & Mauritz Stock Performance

The company’s 50-day simple moving average is $3.51 and its 200-day simple moving average is $3.51. The stock has a market capitalization of $22.26 billion, a price-to-earnings ratio of 18.65 and a beta of 1.17. 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 (OTCMKTS:HNNMY) last issued its quarterly earnings data on Wednesday, September 23rd. The company reported $0.05 earnings per share for the quarter, hitting the consensus estimate of $0.05. The company had revenue of $5.98 billion for the quarter, compared to analysts’ expectations of $5.84 billion. Hennes & Mauritz had a net margin of 5.94% and a return on equity of 33.62%. On average, analysts expect that Hennes & Mauritz AB will post 0.17 EPS for the current year.

Hennes & Mauritz Company Profile

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.