Hennes & Mauritz AB (HNNMY) – What Are Brokerages Saying About This Stock?

Hennes & Mauritz AB (OTCMKTS:HNNMY) has received an average rating of “Reduce” from the seven research firms that are currently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating and four have given a hold rating to the company.

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

Hennes & Mauritz Stock Performance

Shares of Hennes & Mauritz stock opened at $3.28 on Friday. Hennes & Mauritz has a 52 week low of $3.07 and a 52 week high of $4.25. The company has a market capitalization of $23.03 billion, a PE ratio of 19.29 and a beta of 1.17. The stock’s fifty day moving average is $3.48 and its two-hundred day moving average is $3.50. The company has a quick ratio of 0.53, a current ratio of 1.13 and a debt-to-equity ratio of 1.16.

Hennes & Mauritz (OTCMKTS:HNNMY) last issued its earnings results on Wednesday, September 23rd. The company reported $0.05 EPS for the quarter, hitting analysts’ consensus estimates of $0.05. The business had revenue of $5.98 billion for the quarter, compared to analyst estimates of $5.84 billion. Hennes & Mauritz had a net margin of 5.94% and a return on equity of 33.70%. As a group, analysts expect that Hennes & Mauritz will post 0.17 earnings per share for the current year.

About Hennes & Mauritz

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.