Hennes & Mauritz (OTCMKTS:HNNMY) Shares Gap Down – What’s Next?

Hennes & Mauritz AB (OTCMKTS:HNNMY)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $3.71, but opened at $3.5950. Hennes & Mauritz shares last traded at $3.5950, with a volume of 13,068 shares.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Zacks Research upgraded Hennes & Mauritz from a “strong sell” rating to a “hold” rating in a research report on Friday, August 14th. Citigroup reaffirmed a “neutral” rating on shares of Hennes & Mauritz in a research note on Tuesday, August 18th. Finally, Pareto Securities cut shares of Hennes & Mauritz to a “sell” rating in a research report on Friday, June 26th. Four investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce”.

Hennes & Mauritz Price Performance

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 company has a market cap of $25.21 billion, a price-to-earnings ratio of 22.44 and a beta of 1.11. The business has a fifty day moving average price of $3.51 and a 200 day moving average price of $3.63.

Hennes & Mauritz (OTCMKTS:HNNMY) last released its quarterly earnings data on Thursday, June 25th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). Hennes & Mauritz had a net margin of 5.55% and a return on equity of 31.51%. The business had revenue of $5.90 billion during the quarter, compared to analyst estimates of $5.79 billion. As a group, research analysts anticipate that Hennes & Mauritz AB 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.