Hennes & Mauritz (OTCMKTS:HNNMY) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

Shares of Hennes & Mauritz AB (OTCMKTS:HNNMY) crossed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $3.59 and traded as high as $3.73. Hennes & Mauritz shares last traded at $3.68, with a volume of 38,662 shares changing hands.

Analysts Set New Price Targets

Several brokerages recently commented on HNNMY. Citigroup restated a “neutral” rating on shares of Hennes & Mauritz in a research report on Tuesday, August 18th. Zacks Research upgraded shares of Hennes & Mauritz from a “strong sell” rating to a “hold” rating in a research report on Friday, August 14th. Four investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce”.

Hennes & Mauritz Price Performance

The company has a debt-to-equity ratio of 1.16, a current ratio of 1.13 and a quick ratio of 0.59. The stock has a market capitalization of $25.84 billion, a price-to-earnings ratio of 21.65 and a beta of 1.20. The stock’s 50 day simple moving average is $3.39 and its 200-day simple moving average is $3.59.

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

Hennes & Mauritz Company Profile

Hennes & Mauritz AB, commonly known as H&M Group, is a Swedish fashion and retail company that designs, sources and sells clothing, accessories, footwear, beauty products and home furnishings. Its brands serve a broad range of customers through physical stores, digital platforms and e-commerce channels.

The company’s portfolio includes H&M, COS, Weekday, & Other Stories, ARKET and other fashion and lifestyle concepts. H&M is known for offering trend-focused apparel and accessories, while the group’s other brands generally target distinct segments ranging from contemporary and premium fashion to home goods and resale.

H&M was founded in 1947 by Erling Persson in Västerås, Sweden, originally under the name Hennes.