Hennes & Mauritz (OTCMKTS:HNNMY) Hits New 52-Week High – Time to Buy?

Hennes & Mauritz AB (OTCMKTS:HNNMY)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $4.24 and last traded at $4.24, with a volume of 40519 shares traded. The stock had previously closed at $4.09.

Analyst Ratings Changes

A number of brokerages recently issued reports on HNNMY. Oddo Bhf upgraded shares of Hennes & Mauritz to a “neutral” rating in a report on Thursday, December 18th. Barclays cut shares of Hennes & Mauritz from a “hold” rating to a “strong sell” rating in a research report on Friday, February 13th. Dnb Carnegie cut shares of Hennes & Mauritz from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 17th. Citigroup reaffirmed a “neutral” rating on shares of Hennes & Mauritz in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Hennes & Mauritz in a research note on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Hennes & Mauritz presently has an average rating of “Hold”.

Hennes & Mauritz Stock Down 1.5%

The firm has a market capitalization of $29.51 billion, a PE ratio of 26.16 and a beta of 1.21. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.18 and a quick ratio of 0.60. The company has a 50-day moving average price of $3.98 and a 200 day moving average price of $3.64.

Hennes & Mauritz (OTCMKTS:HNNMY) last released its quarterly earnings results on Thursday, January 29th. The company reported $0.06 earnings per share for the quarter, meeting the consensus estimate of $0.06. The business had revenue of $6.30 billion during the quarter, compared to analysts’ expectations of $6.35 billion. Hennes & Mauritz had a return on equity of 30.80% and a net margin of 5.46%. Analysts forecast that Hennes & Mauritz AB will post 0.15 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.