H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) Cut to “Strong Sell” at Redburn Atlantic

Redburn Atlantic lowered shares of H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) from a hold rating to a strong sell rating in a research note issued to investors on Thursday morning, Zacks.com reports.

HNNMY has been the topic of several other reports. HSBC upgraded shares of H & M Hennes & Mauritz AB (publ) from a “hold” rating to a “buy” rating in a research report on Friday, July 5th. Barclays upgraded shares of H & M Hennes & Mauritz AB (publ) to a “strong-buy” rating in a research report on Friday, September 27th. Finally, Deutsche Bank Aktiengesellschaft raised shares of H & M Hennes & Mauritz AB (publ) from a “sell” rating to a “buy” rating in a research note on Wednesday, July 3rd. One research analyst has rated the stock with a sell rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, H & M Hennes & Mauritz AB (publ) presently has an average rating of “Moderate Buy”.

H & M Hennes & Mauritz AB (publ) Trading Up 0.3 %

Shares of HNNMY opened at $2.91 on Thursday. H & M Hennes & Mauritz AB has a one year low of $2.54 and a one year high of $3.69. The stock has a 50-day moving average price of $3.22 and a 200 day moving average price of $3.22. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.55 and a current ratio of 1.11. The company has a market capitalization of $20.60 billion, a P/E ratio of 24.17 and a beta of 1.45.

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) last released its earnings results on Thursday, September 26th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.01). H & M Hennes & Mauritz AB (publ) had a net margin of 4.30% and a return on equity of 23.03%. The business had revenue of $5.61 billion for the quarter, compared to analysts’ expectations of $5.84 billion. Sell-side analysts forecast that H & M Hennes & Mauritz AB will post 0.15 EPS for the current fiscal year.

H & M Hennes & Mauritz AB (publ) Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 8th will be issued a $0.0625 dividend. The ex-dividend date is Friday, November 8th. This is a positive change from H & M Hennes & Mauritz AB (publ)’s previous dividend of $0.06. H & M Hennes & Mauritz AB (publ)’s dividend payout ratio (DPR) is 66.67%.

About H & M Hennes & Mauritz AB (publ)

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.