Hennes & Mauritz (OTCMKTS:HNNMY) Cut to Strong Sell at Zacks Research

Zacks Research downgraded shares of Hennes & Mauritz (OTCMKTS:HNNMY) from a hold rating to a strong sell rating in a research note issued to investors on Thursday morning,Zacks.com reports.

Separately, Pareto Securities downgraded shares of Hennes & Mauritz to a “sell” rating in a report on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Hennes & Mauritz currently has an average rating of “Reduce”.

Hennes & Mauritz Trading Up 0.9%

HNNMY stock opened at $3.36 on Thursday. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.07 and a quick ratio of 0.53. Hennes & Mauritz has a 12 month low of $2.58 and a 12 month high of $4.25. The firm’s 50-day moving average is $3.42 and its 200 day moving average is $3.70. The company has a market capitalization of $23.60 billion, a PE ratio of 21.00 and a beta of 1.10.

Hennes & Mauritz (OTCMKTS:HNNMY) last released its quarterly earnings results on Thursday, June 25th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). The business had revenue of $5.90 billion during the quarter, compared to the consensus estimate of $5.79 billion. Hennes & Mauritz had a return on equity of 31.51% and a net margin of 5.55%. On average, research analysts anticipate that Hennes & Mauritz will post 0.17 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.