Hennes & Mauritz (OTCMKTS:HNNMY) Hits New 1-Year High – What’s Next?

Hennes & Mauritz AB (OTCMKTS:HNNMY) reached a new 52-week high during trading on Wednesday . The company traded as high as $4.17 and last traded at $3.9670, with a volume of 2690 shares changing hands. The stock had previously closed at $3.97.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on HNNMY. Oddo Bhf upgraded shares of Hennes & Mauritz to a “neutral” rating in a research note on Thursday, December 18th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Hennes & Mauritz in a research report on Wednesday, September 3rd. Finally, Citigroup raised Hennes & Mauritz from a “sell” rating to a “hold” rating in a research report on Thursday, December 11th. One analyst has rated the stock with a Strong Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold”.

Hennes & Mauritz Stock Performance

The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.46 and a current ratio of 1.00. The stock has a market cap of $28.05 billion, a PE ratio of 28.41 and a beta of 1.20. The firm has a fifty day moving average price of $3.74 and a 200 day moving average price of $3.27.

Hennes & Mauritz (OTCMKTS:HNNMY) last announced its earnings results on Thursday, September 25th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.01. Hennes & Mauritz had a return on equity of 26.34% and a net margin of 4.80%.The firm had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $56.77 billion. Research analysts forecast that Hennes & Mauritz AB will post 0.15 earnings per share for the current fiscal year.

About Hennes & Mauritz

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.