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

Shares of Hennes & Mauritz AB (OTCMKTS:HNNMY) have received an average recommendation of “Hold” from the seven research firms that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and one has given a strong buy recommendation to the company.

A number of research analysts have issued reports on HNNMY shares. Barclays downgraded Hennes & Mauritz from a “hold” rating to a “strong sell” rating in a research note on Friday, February 13th. Dnb Carnegie downgraded Hennes & Mauritz from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 17th. Citigroup restated a “neutral” rating on shares of Hennes & Mauritz in a research note on Wednesday, February 25th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Hennes & Mauritz in a research note on Friday, January 30th.

Hennes & Mauritz Trading Up 0.9%

OTCMKTS HNNMY opened at $3.43 on Thursday. The firm has a market capitalization of $24.18 billion, a P/E ratio of 21.44 and a beta of 1.10. The company has a current ratio of 1.18, a quick ratio of 0.58 and a debt-to-equity ratio of 1.08. The business has a fifty day simple moving average of $3.64 and a 200 day simple moving average of $3.79. Hennes & Mauritz has a 12 month low of $2.50 and a 12 month high of $4.25.

Hennes & Mauritz (OTCMKTS:HNNMY) last announced its quarterly earnings data on Thursday, March 26th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.01. The firm had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.63 billion. Hennes & Mauritz had a return on equity of 30.79% and a net margin of 5.48%. On average, analysts predict that Hennes & Mauritz will post 0.17 EPS 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.