Hennes & Mauritz (OTCMKTS:HNNMY) Sets New 52-Week High – Should You Buy?

Shares of Hennes & Mauritz AB (OTCMKTS:HNNMY) reached a new 52-week high during trading on Thursday . The stock traded as high as $3.83 and last traded at $3.81, with a volume of 41297 shares trading hands. The stock had previously closed at $3.62.

Wall Street Analysts Forecast Growth

Several analysts recently commented on HNNMY shares. Berenberg Bank raised shares of Hennes & Mauritz to a “strong-buy” rating in a research note on Friday, August 1st. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Hennes & Mauritz in a research note on Wednesday, September 3rd. Zacks Research raised shares of Hennes & Mauritz from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 14th. Finally, Citigroup reissued a “sell” rating on shares of Hennes & Mauritz in a research note on Friday, September 26th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold”.

Hennes & Mauritz Trading Up 3.1%

The company has a current ratio of 1.00, a quick ratio of 0.46 and a debt-to-equity ratio of 1.16. The firm has a market cap of $26.32 billion, a PE ratio of 26.66 and a beta of 1.34. The company’s 50-day moving average is $3.45 and its 200 day moving average is $3.05.

Hennes & Mauritz (OTCMKTS:HNNMY) last issued its earnings results on Thursday, September 25th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. The company had revenue of $5.96 billion during the quarter, compared to analyst estimates of $56.77 billion. Hennes & Mauritz had a net margin of 4.80% and a return on equity of 26.34%. As a group, sell-side analysts predict that Hennes & Mauritz AB will post 0.15 EPS for the current year.

About Hennes & Mauritz

H & M Hennes & Mauritz AB (publ) provides clothing, accessories, footwear, cosmetics, home textiles, and homeware for women, men, and children worldwide. It offers sportswear, shoes, bags, beauty products, activewear, jeans, and ready-to-wear; and interior products, including bed linens, dinnerware, textiles, furniture, and lighting.