Hennes & Mauritz (OTCMKTS:HNNMY) Shares Gap Up – Here’s What Happened

Hennes & Mauritz AB (OTCMKTS:HNNMY)’s share price gapped up prior to trading on Tuesday. The stock had previously closed at $3.5490, but opened at $3.75. Hennes & Mauritz shares last traded at $3.75, with a volume of 1,332 shares.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Zacks Research raised shares of Hennes & Mauritz from a “strong sell” rating to a “hold” rating in a research report on Friday, August 14th. Citigroup reiterated a “neutral” rating on shares of Hennes & Mauritz in a research report on Tuesday, August 18th. Four equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Hennes & Mauritz presently has a consensus rating of “Reduce”.

Hennes & Mauritz Stock Down 1.4%

The stock has a market capitalization of $25.49 billion, a P/E ratio of 21.35 and a beta of 1.20. The firm’s fifty day moving average is $3.39 and its 200-day moving average is $3.59. The company has a current ratio of 1.13, a quick ratio of 0.59 and a debt-to-equity ratio of 1.16.

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

About Hennes & Mauritz

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.