Hennes & Mauritz (OTCMKTS:HNNMY) Sees Large Volume Increase – Here’s Why

Shares of Hennes & Mauritz AB (OTCMKTS:HNNMY) saw an uptick in trading volume on Tuesday . Approximately 210,353 shares changed hands during trading, an increase of 38% from the previous session’s volume of 152,121 shares.The stock last traded at $3.3590 and had previously closed at $3.26.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Citigroup reissued a “neutral” rating on shares of Hennes & Mauritz in a research report 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 raised shares of Hennes & Mauritz from a “strong sell” rating to a “hold” rating in a research note on Friday, August 14th. Four analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Reduce”.

Hennes & Mauritz Stock Performance

The company has a market cap of $23.56 billion, a price-to-earnings ratio of 20.97 and a beta of 1.12. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.07 and a quick ratio of 0.53. The firm has a fifty day simple moving average of $3.53 and a 200 day simple moving average of $3.55.

Hennes & Mauritz (OTCMKTS:HNNMY) last issued its quarterly earnings data on Thursday, June 25th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). Hennes & Mauritz had a return on equity of 31.51% and a net margin of 5.55%.The firm had revenue of $5.90 billion during the quarter, compared to analyst estimates of $5.79 billion. On average, sell-side analysts expect that Hennes & Mauritz AB will post 0.17 earnings per share for the current fiscal 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.