Hennes & Mauritz AB (OTCMKTS:HNNMY) Given Consensus Rating of “Hold” by Analysts

Hennes & Mauritz AB (OTCMKTS:HNNMY) has received an average recommendation of “Hold” from the seven ratings firms that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a strong buy rating to the company.

HNNMY has been the subject of several analyst reports. Barclays downgraded shares of Hennes & Mauritz from a “hold” rating to a “strong sell” rating in a report on Friday, February 13th. Citigroup reaffirmed a “neutral” rating on shares of Hennes & Mauritz in a report on Wednesday, February 25th. Oddo Bhf upgraded shares of Hennes & Mauritz to a “neutral” rating in a research report on Thursday, December 18th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Hennes & Mauritz in a research note on Friday, January 30th. Finally, Dnb Carnegie cut shares of Hennes & Mauritz from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 17th.

Hennes & Mauritz Stock Performance

Shares of OTCMKTS HNNMY opened at $3.67 on Wednesday. The company has a market cap of $25.88 billion, a price-to-earnings ratio of 22.94 and a beta of 1.24. Hennes & Mauritz has a 12-month low of $2.37 and a 12-month high of $4.25. The company has a current ratio of 1.18, a quick ratio of 0.60 and a debt-to-equity ratio of 1.47. The stock’s 50 day simple moving average is $3.91 and its 200 day simple moving average is $3.79.

Hennes & Mauritz (OTCMKTS:HNNMY) last released its quarterly earnings data on Thursday, March 26th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.01. Hennes & Mauritz had a return on equity of 31.74% and a net margin of 5.48%.The business had revenue of $5.43 billion during the quarter, compared to analyst estimates of $5.63 billion. Equities research analysts expect that Hennes & Mauritz will post 0.15 EPS for the current year.

Hennes & Mauritz Company Profile

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.