HENNES & MAURITZ (HNNMY) Upgraded to “Hold” by Zacks Investment Research
HENNES & MAURITZ (OTCMKTS:HNNMY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.
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. “
A number of other equities research analysts also recently weighed in on HNNMY. ValuEngine downgraded HENNES & MAURITZ from a “buy” rating to a “hold” rating in a research report on Friday, March 9th. Royal Bank of Canada downgraded HENNES & MAURITZ from a “sector perform” rating to an “underperform” rating in a research report on Friday, February 23rd.
HENNES & MAURITZ (OTCMKTS:HNNMY) last issued its quarterly earnings data on Wednesday, January 31st. The company reported $0.06 earnings per share for the quarter. HENNES & MAURITZ had a return on equity of 29.03% and a net margin of 8.09%. The company had revenue of $6.16 billion for the quarter. equities analysts predict that HENNES & MAURITZ will post 0.23 earnings per share for the current fiscal year.
HENNES & MAURITZ Company Profile
H & M Hennes & Mauritz AB (publ) provides clothing, accessories, footwear, and cosmetics for women, men, teenagers, children, and babies. It offers sportswear, underwear, shoes, bags, jewelry, scarves, hats, belts, beauty products, stationery, ready-to-wear, and jeans wear; hair styling, body care, and make-up accessories; and homeware accessories for the living room, kitchen, bedroom, bathroom and childrens room.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for HENNES & MAURITZ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HENNES & MAURITZ and related companies with MarketBeat.com's FREE daily email newsletter.