Hennes & Mauritz AB (OTCMKTS:HNNMY) Stock Rated “Reduce” by Wall Street Analysts

Hennes & Mauritz AB (OTCMKTS:HNNMY) has received a consensus recommendation of “Reduce” from the seven brokerages that are presently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating and four have issued a hold rating on the company.

HNNMY has been the subject of a number of research analyst reports. Pareto Securities lowered shares of Hennes & Mauritz to a “sell” rating in a research note on Friday, June 26th. Zacks Research upgraded shares of Hennes & Mauritz from a “strong sell” rating to a “hold” rating in a research report on Friday, August 14th. Finally, Citigroup restated a “neutral” rating on shares of Hennes & Mauritz in a report on Tuesday, August 18th.

Hennes & Mauritz Stock Up 1.3%

OTCMKTS:HNNMY opened at $3.23 on Friday. The firm has a 50-day simple moving average of $3.49 and a two-hundred day simple moving average of $3.50. Hennes & Mauritz has a fifty-two week low of $3.07 and a fifty-two week high of $4.25. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.53 and a current ratio of 1.13. The firm has a market cap of $22.68 billion, a P/E ratio of 19.00 and a beta of 1.17.

Hennes & Mauritz (OTCMKTS:HNNMY) last announced its quarterly earnings data on Wednesday, September 23rd. The company reported $0.05 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.05. Hennes & Mauritz had a net margin of 5.94% and a return on equity of 33.70%. The company had revenue of $5.98 billion during the quarter, compared to analyst estimates of $5.84 billion. Analysts predict that Hennes & Mauritz will post 0.17 earnings per share for the current fiscal year.

About Hennes & Mauritz

Hennes & Mauritz AB, commonly known as H&M, is a Sweden-based fashion and retail company that sells clothing, accessories, footwear, beauty products and home furnishings. Its offerings are marketed through physical stores and digital sales channels, with products designed for women, men, teenagers and children.

Founded in 1947 by Erling Persson as a women’s clothing store called Hennes, the company later expanded into menswear and became Hennes & Mauritz following the acquisition of Mauritz Widforss in 1968.