Hennes & Mauritz (OTCMKTS:HNNMY) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Hennes & Mauritz AB (OTCMKTS:HNNMY) saw unusually-strong trading volume on Monday. 145,461 shares changed hands during mid-day trading, a decline of 8% from the previous session’s volume of 157,610 shares. The stock last traded at $3.21 and had previously closed at $3.23.

Analysts Set New Price Targets

A number of research firms recently issued reports on HNNMY. Citigroup reiterated a “neutral” rating on shares of Hennes & Mauritz in a research note on Tuesday, August 18th. Pareto Securities downgraded shares of Hennes & Mauritz to a “sell” rating in a report on Friday, June 26th. Finally, Zacks Research upgraded Hennes & Mauritz from a “strong sell” rating to a “hold” rating in a research note on Friday, August 14th. Four investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

Hennes & Mauritz Stock Performance

The company has a quick ratio of 0.53, a current ratio of 1.07 and a debt-to-equity ratio of 1.31. The stock’s fifty day moving average is $3.53 and its 200-day moving average is $3.54. The stock has a market cap of $22.49 billion, a price-to-earnings ratio of 18.84 and a beta of 1.12.

Hennes & Mauritz (OTCMKTS:HNNMY) last announced its quarterly earnings results on Wednesday, September 23rd. The company reported $0.05 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.05. The firm had revenue of $5.98 billion for the quarter, compared to analyst estimates of $5.84 billion. Hennes & Mauritz had a net margin of 5.94% and a return on equity of 33.62%. On average, analysts forecast that Hennes & Mauritz AB will post 0.17 EPS for the current year.

Hennes & Mauritz Company Profile

Hennes & Mauritz AB, commonly known as H&M, is a Sweden-based fashion retailer that sells clothing, accessories, footwear, beauty products and home furnishings. Its business spans design, sourcing, retail and online sales, with products aimed at women, men and children across a range of price points.

The company was founded in 1947 by Erling Persson as a women’s clothing store called Hennes in Västerås, Sweden. After acquiring the hunting and menswear retailer Mauritz Widforss in 1968, it adopted the Hennes & Mauritz name and expanded into menswear and children’s apparel.