H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) Lowered to Strong Sell Rating by Redburn Atlantic

Redburn Atlantic lowered shares of H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) from a hold rating to a strong sell rating in a research report released on Thursday, Zacks.com reports.

HNNMY has been the subject of a number of other research reports. Barclays upgraded shares of H & M Hennes & Mauritz AB (publ) to a “strong-buy” rating in a research note on Friday, September 27th. Deutsche Bank Aktiengesellschaft raised shares of H & M Hennes & Mauritz AB (publ) from a “sell” rating to a “buy” rating in a report on Wednesday, July 3rd. Finally, HSBC raised shares of H & M Hennes & Mauritz AB (publ) from a “hold” rating to a “buy” rating in a report on Friday, July 5th. One investment analyst has rated the stock with a sell rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

H & M Hennes & Mauritz AB (publ) Stock Performance

Shares of HNNMY stock opened at $2.91 on Thursday. The firm has a market capitalization of $20.60 billion, a PE ratio of 24.25 and a beta of 1.45. The firm has a fifty day simple moving average of $3.22 and a two-hundred day simple moving average of $3.23. The company has a current ratio of 1.11, a quick ratio of 0.55 and a debt-to-equity ratio of 1.07. H & M Hennes & Mauritz AB has a 12 month low of $2.54 and a 12 month high of $3.69.

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) last announced its quarterly earnings results on Thursday, September 26th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The business had revenue of $5.61 billion for the quarter, compared to the consensus estimate of $5.84 billion. H & M Hennes & Mauritz AB (publ) had a net margin of 4.30% and a return on equity of 23.03%. Analysts forecast that H & M Hennes & Mauritz AB will post 0.15 EPS for the current fiscal year.

H & M Hennes & Mauritz AB (publ) Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 8th will be issued a dividend of $0.0625 per share. This is an increase from H & M Hennes & Mauritz AB (publ)’s previous dividend of $0.06. The ex-dividend date is Friday, November 8th. H & M Hennes & Mauritz AB (publ)’s payout ratio is currently 66.67%.

About H & M Hennes & Mauritz AB (publ)

H & M Hennes & Mauritz AB (publ) provides clothing, accessories, footwear, cosmetics, home textiles, and homeware for women, men, and children worldwide. It offers sportswear, shoes, bags, beauty products, activewear, jeans, and ready-to-wear; and interior products, including bed linens, dinnerware, textiles, furniture, and lighting.