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

Hennes & Mauritz AB (OTCMKTS:HNNMY) has been given an average recommendation of “Hold” by the seven research firms that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and one has assigned a strong buy recommendation to the company.

A number of research firms recently commented on HNNMY. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Hennes & Mauritz in a research note on Friday, January 30th. Oddo Bhf raised Hennes & Mauritz to a “neutral” rating in a research note on Thursday, December 18th. Citigroup reissued a “neutral” rating on shares of Hennes & Mauritz in a research note on Wednesday, February 25th. Barclays cut Hennes & Mauritz from a “hold” rating to a “strong sell” rating in a research note on Friday, February 13th. Finally, Dnb Carnegie cut Hennes & Mauritz from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 17th.

Hennes & Mauritz Stock Down 1.9%

HNNMY opened at $3.61 on Wednesday. The stock has a market cap of $25.45 billion, a PE ratio of 22.56 and a beta of 1.24. The company has a quick ratio of 0.60, a current ratio of 1.18 and a debt-to-equity ratio of 1.47. Hennes & Mauritz has a 52 week low of $2.37 and a 52 week high of $4.25. The business’s fifty day simple moving average is $3.89 and its 200 day simple moving average is $3.80.

Hennes & Mauritz (OTCMKTS:HNNMY) last released its earnings results on Thursday, March 26th. The company reported $0.01 EPS for the quarter, meeting analysts’ consensus estimates of $0.01. The business had revenue of $5.43 billion for the quarter, compared to analysts’ expectations of $5.63 billion. Hennes & Mauritz had a return on equity of 31.74% and a net margin of 5.48%. As a group, research analysts expect that Hennes & Mauritz will post 0.15 earnings per share for the current fiscal 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.