Hennes & Mauritz AB (OTCMKTS:HNNMY) Receives Consensus Rating of “Hold” from Brokerages

Hennes & Mauritz AB (OTCMKTS:HNNMY) has earned a consensus recommendation of “Hold” from the seven analysts that are presently covering the company, Marketbeat.com reports. Six analysts have rated the stock with a hold rating and one has issued a strong buy rating on the company.

A number of research firms recently issued reports on HNNMY. Oddo Bhf raised Hennes & Mauritz to a “neutral” rating in a report on Thursday, December 18th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Hennes & Mauritz in a research note on Friday, January 30th. Finally, Citigroup raised shares of Hennes & Mauritz from a “sell” rating to a “hold” rating in a research note on Thursday, December 11th.

Hennes & Mauritz Trading Down 1.6%

Shares of HNNMY stock opened at $4.06 on Tuesday. The company has a market capitalization of $28.62 billion, a P/E ratio of 25.38 and a beta of 1.21. Hennes & Mauritz has a 12-month low of $2.37 and a 12-month high of $4.17. The company has a quick ratio of 0.46, a current ratio of 1.00 and a debt-to-equity ratio of 1.16. The firm has a 50-day moving average price of $3.89 and a 200 day moving average price of $3.53.

Hennes & Mauritz (OTCMKTS:HNNMY) last posted its quarterly earnings data on Thursday, January 29th. The company reported $0.06 earnings per share for the quarter, hitting the consensus estimate of $0.06. The company had revenue of $6.30 billion during the quarter, compared to analyst estimates of $6.35 billion. Hennes & Mauritz had a net margin of 5.46% and a return on equity of 31.43%. Research analysts forecast that Hennes & Mauritz will post 0.15 earnings per share for the current fiscal year.

About Hennes & Mauritz

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.