Hennes & Mauritz AB (OTCMKTS:HNNMY) Given Consensus Rating of “Reduce” by Brokerages

Shares of Hennes & Mauritz AB (OTCMKTS:HNNMY) have been assigned a consensus rating of “Reduce” from the eight ratings firms that are currently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a strong buy rating to the company.

A number of brokerages have recently weighed in on HNNMY. Zacks Research lowered shares of Hennes & Mauritz from a “hold” rating to a “strong sell” rating in a report on Thursday, July 16th. Pareto Securities lowered Hennes & Mauritz to a “sell” rating in a research note on Friday, June 26th.

Hennes & Mauritz Stock Down 1.8%

HNNMY stock opened at $3.27 on Tuesday. The firm has a 50 day moving average of $3.41 and a 200 day moving average of $3.68. The stock has a market capitalization of $22.97 billion, a PE ratio of 20.45 and a beta of 1.10. The company has a quick ratio of 0.53, a current ratio of 1.07 and a debt-to-equity ratio of 1.31. Hennes & Mauritz has a 52 week low of $2.58 and a 52 week high of $4.25.

Hennes & Mauritz (OTCMKTS:HNNMY) last issued its quarterly earnings results on Thursday, June 25th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The company had revenue of $5.90 billion for the quarter, compared to analyst estimates of $5.79 billion. Hennes & Mauritz had a net margin of 5.55% and a return on equity of 31.51%. Sell-side analysts forecast that Hennes & Mauritz 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.