Hennes & Mauritz AB (OTCMKTS:HNNMY) Given Average Recommendation of “Hold” by Brokerages

Hennes & Mauritz AB (OTCMKTS:HNNMY) has earned an average recommendation of “Hold” from the seven brokerages that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a strong buy rating on the company.

Several research firms have weighed in on HNNMY. Citigroup reiterated a “neutral” rating on shares of Hennes & Mauritz in a research report on Wednesday, February 25th. Oddo Bhf upgraded shares of Hennes & Mauritz to a “neutral” rating in a research note on Thursday, December 18th. Barclays lowered shares of Hennes & Mauritz from a “hold” rating to a “strong sell” rating in a research report on Friday, February 13th. Dnb Carnegie downgraded shares of Hennes & Mauritz from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 17th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Hennes & Mauritz in a research report on Friday, January 30th.

Hennes & Mauritz Price Performance

Hennes & Mauritz stock opened at $3.70 on Wednesday. Hennes & Mauritz has a 12 month low of $2.37 and a 12 month high of $4.25. The stock’s 50 day moving average is $3.92 and its 200-day moving average is $3.78. The company has a current ratio of 1.18, a quick ratio of 0.60 and a debt-to-equity ratio of 1.47. The company has a market capitalization of $26.09 billion, a price-to-earnings ratio of 23.13 and a beta of 1.19.

Hennes & Mauritz (OTCMKTS:HNNMY) last released its quarterly earnings results on Thursday, March 26th. The company reported $0.01 earnings per share for the quarter, hitting the consensus estimate of $0.01. The business had revenue of $5.43 billion during the quarter, compared to analysts’ expectations of $5.63 billion. Hennes & Mauritz had a return on equity of 31.74% and a net margin of 5.48%. Equities research analysts expect that Hennes & Mauritz will post 0.15 EPS 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.