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

Hennes & Mauritz AB (OTCMKTS:HNNMY) has been assigned a consensus recommendation of “Reduce” from the seven analysts that are presently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company.

Several equities analysts have commented on the company. Zacks Research raised Hennes & Mauritz from a “strong sell” rating to a “hold” rating in a research report on Friday, August 14th. Citigroup reaffirmed a “neutral” rating on shares of Hennes & Mauritz in a research report on Tuesday, August 18th.

Hennes & Mauritz Stock Performance

OTCMKTS:HNNMY opened at $3.55 on Thursday. The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 1.16. The firm’s fifty day simple moving average is $3.40 and its 200 day simple moving average is $3.60. The stock has a market cap of $24.93 billion, a P/E ratio of 20.59 and a beta of 1.17. Hennes & Mauritz has a twelve month low of $3.07 and a twelve month high of $4.25.

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

Hennes & Mauritz Company Profile

Hennes & Mauritz AB, commonly known as H&M Group, is a Swedish fashion and retail company that designs, sources and sells clothing, accessories, footwear, beauty products and home furnishings. Its brands serve a broad range of customers through physical stores, digital platforms and e-commerce channels.

The company’s portfolio includes H&M, COS, Weekday, & Other Stories, ARKET and other fashion and lifestyle concepts. H&M is known for offering trend-focused apparel and accessories, while the group’s other brands generally target distinct segments ranging from contemporary and premium fashion to home goods and resale.

H&M was founded in 1947 by Erling Persson in Västerås, Sweden, originally under the name Hennes.