Hennes & Mauritz (OTCMKTS:HNNMY) Sees Large Volume Increase – Still a Buy?

Hennes & Mauritz AB (OTCMKTS:HNNMY) shares saw unusually-high trading volume on Wednesday. Approximately 123,535 shares traded hands during trading, a decline of 30% from the previous session’s volume of 176,981 shares. The stock last traded at $3.2625 and had previously closed at $3.20.

Analysts Set New Price Targets

HNNMY has been the subject of several recent research reports. Pareto Securities downgraded shares of Hennes & Mauritz to a “sell” rating in a research report on Friday, June 26th. Zacks Research upgraded shares of Hennes & Mauritz from a “strong sell” rating to a “hold” rating in a research note on Friday, August 14th. Finally, Citigroup reissued a “neutral” rating on shares of Hennes & Mauritz in a research report on Tuesday, August 18th. Four investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

Hennes & Mauritz Price Performance

The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.59 and a current ratio of 1.13. The business’s fifty day simple moving average is $3.45 and its 200 day simple moving average is $3.49. The stock has a market cap of $23.81 billion, a price-to-earnings ratio of 19.29 and a beta of 1.17.

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

Hennes & Mauritz Company Profile

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.