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

Hennes & Mauritz AB (OTCMKTS:HNNMY) has received a consensus rating of “Reduce” from the eight brokerages that are covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has issued a strong buy recommendation on the company.

HNNMY has been the subject of several analyst reports. Zacks Research downgraded shares of Hennes & Mauritz from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 16th. Pareto Securities cut Hennes & Mauritz to a “sell” rating in a research note on Friday, June 26th.

Hennes & Mauritz Stock Up 1.2%

OTCMKTS HNNMY opened at $3.31 on Tuesday. 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. The firm has a market capitalization of $23.24 billion, a price-to-earnings ratio of 20.69 and a beta of 1.10. The company has a fifty day moving average of $3.41 and a two-hundred day moving average of $3.67.

Hennes & Mauritz (OTCMKTS:HNNMY) last released its earnings results on Thursday, June 25th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). Hennes & Mauritz had a return on equity of 31.51% and a net margin of 5.55%.The firm had revenue of $5.90 billion during the quarter, compared to the consensus estimate of $5.79 billion. On average, analysts predict 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.