Hennes & Mauritz AB (HNNMY) Cut to Hold at Zacks Investment Research
Hennes & Mauritz AB (OTCMKTS:HNNMY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Thursday.
According to Zacks, “H & M Hennes & Mauritz AB offers fashion products with a broad and varied selection for women, men, teens and children through retail outlets mainly in Europe. The Company also sells its products via catalogues and the Internet. The women’s collection includes basics to tailored classics, sportswear, maternity clothes, accessories and shoes. The men’s collections include tailored pieces, modern basics, leisurewear accessories, underwear and shoes. The jeans & denim includes traditional five-pocket jeans, trendy fashion jeans and denim models in organic cotton. H&M’s cosmetics department provides a wide range of makeup, skin care and body care products. H & M Hennes & Mauritz AB is a subsidiary of Ramsbury Invest AB and is headquartered in Stockholm, Sweden. “
Separately, Goldman Sachs Group, Inc. (The) restated a “neutral” rating on shares of Hennes & Mauritz AB in a research note on Tuesday, August 8th.
Hennes & Mauritz AB (OTCMKTS HNNMY) traded down 0.469% during mid-day trading on Thursday, hitting $5.305. The company had a trading volume of 120,100 shares. The firm has a market capitalization of $43.90 billion, a PE ratio of 18.268 and a beta of 1.08. The company’s 50 day moving average price is $5.20 and its 200-day moving average price is $5.05. Hennes & Mauritz AB has a 12-month low of $4.52 and a 12-month high of $6.02.
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Hennes & Mauritz AB Company Profile
H & M Hennes & Mauritz AB (publ) provides clothing, accessories, footwear, and cosmetics for women, men, teenagers, children, and babies. It offers sportswear, underwear, shoes, bags, jewelry, scarves, hats, belts, beauty products, stationery, ready-to-wear, and jeans wear; hair styling, body care, and make-up accessories; and homeware accessories for the living room, kitchen, bedroom, bathroom and childrens room.
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