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

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

Several research analysts have recently weighed in on HNNMY shares. Dnb Carnegie downgraded Hennes & Mauritz from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 17th. Barclays downgraded Hennes & Mauritz from a “hold” rating to a “strong sell” rating in a research note on Friday, February 13th. Citigroup reiterated a “neutral” rating on shares of Hennes & Mauritz in a research note on Wednesday, February 25th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Hennes & Mauritz in a research note on Friday, January 30th.

Hennes & Mauritz Stock Up 0.9%

HNNMY stock opened at $3.43 on Thursday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.58 and a current ratio of 1.18. The company has a market capitalization of $24.18 billion, a price-to-earnings ratio of 21.44 and a beta of 1.10. Hennes & Mauritz has a fifty-two week low of $2.50 and a fifty-two week high of $4.25. The stock has a fifty day moving average of $3.64 and a 200-day moving average of $3.79.

Hennes & Mauritz (OTCMKTS:HNNMY) last posted its quarterly earnings results on Thursday, March 26th. The company reported $0.01 earnings per share for the quarter, hitting the consensus estimate of $0.01. The company had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.63 billion. Hennes & Mauritz had a return on equity of 30.79% and a net margin of 5.48%. As a group, equities research analysts predict that Hennes & Mauritz will post 0.17 earnings per share for the current year.

About Hennes & Mauritz

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.