Hennes & Mauritz (OTCMKTS:HNNMY) Rating Lowered to “Strong Sell” at Zacks Research

Hennes & Mauritz (OTCMKTS:HNNMY) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Thursday,Zacks.com reports.

Separately, Pareto Securities cut shares of Hennes & Mauritz to a “sell” rating in a report on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Reduce”.

Hennes & Mauritz Trading Up 0.9%

Shares of HNNMY stock opened at $3.36 on Thursday. 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 stock has a 50 day simple moving average of $3.42 and a two-hundred day simple moving average of $3.70. The company has a market cap of $23.60 billion, a P/E ratio of 21.00 and a beta of 1.10.

Hennes & Mauritz (OTCMKTS:HNNMY) last announced its quarterly earnings data on Thursday, June 25th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). Hennes & Mauritz had a return on equity of 31.51% and a net margin of 5.55%.The company had revenue of $5.90 billion for the quarter, compared to analyst estimates of $5.79 billion. Research analysts forecast 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 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.