HENNES & MAURIT/ADR (OTCMKTS:HNNMY) Rating Increased to Hold at Zacks Investment Research

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Zacks Investment Research upgraded shares of HENNES & MAURIT/ADR (OTCMKTS:HNNMY) from a sell rating to a hold rating in a research note published on Thursday morning, Zacks.com reports.

According to Zacks, “H & M Hennes & Mauritz AB offers fashion products with a broad and varied selection for women, men, teens and children through retail outlets mainly in Europe. The Company also sells its products via catalogues and the Internet. The women’s collection includes basics to tailored classics, sportswear, maternity clothes, accessories and shoes. The men’s collections include tailored pieces, modern basics, leisurewear accessories, underwear and shoes. The jeans & denim includes traditional five-pocket jeans, trendy fashion jeans and denim models in organic cotton. H&M’s cosmetics department provides a wide range of makeup, skin care and body care products. H & M Hennes & Mauritz AB is a subsidiary of Ramsbury Invest AB and is headquartered in Stockholm, Sweden. “

Several other research analysts also recently issued reports on the stock. Royal Bank of Canada upgraded shares of HENNES & MAURIT/ADR from a sector perform rating to an outperform rating in a report on Wednesday, August 28th. ValuEngine downgraded shares of HENNES & MAURIT/ADR from a hold rating to a sell rating in a report on Thursday, August 1st.

OTCMKTS:HNNMY opened at $3.92 on Thursday. The firm’s 50-day moving average is $3.61 and its 200-day moving average is $3.34. HENNES & MAURIT/ADR has a 52-week low of $2.65 and a 52-week high of $3.96. The company has a market cap of $32.19 billion, a price-to-earnings ratio of 21.78, a PEG ratio of -4.42 and a beta of 1.08.

HENNES & MAURIT/ADR (OTCMKTS:HNNMY) last posted its quarterly earnings data on Wednesday, June 26th. The company reported $0.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.06. HENNES & MAURIT/ADR had a net margin of 5.42% and a return on equity of 21.20%. The company had revenue of $6.11 billion for the quarter. As a group, research analysts forecast that HENNES & MAURIT/ADR will post 0.16 EPS for the current fiscal year.

About HENNES & MAURIT/ADR

H & M Hennes & Mauritz AB (publ) provides clothing, accessories, footwear, and cosmetics for women, men, teenagers, children, and babies worldwide. It offers sportswear, underwear, shoes, bags, beauty products, stationery, ready-to-wear, jeans, home textiles, and homeware; and interior products for living rooms, kitchens, bedrooms, bathrooms, and kids' rooms.

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