Hennes & Mauritz (OTCMKTS:HNNMY) Sets New 12-Month Low – Should You Sell?

Hennes & Mauritz AB (OTCMKTS:HNNMY)’s stock price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $3.22 and last traded at $3.23, with a volume of 101313 shares trading hands. The stock had previously closed at $3.31.

Analyst Ratings Changes

Several analysts have weighed in on HNNMY shares. Pareto Securities cut Hennes & Mauritz to a “sell” rating in a report on Friday, June 26th. Citigroup reissued a “neutral” rating on shares of Hennes & Mauritz in a report on Tuesday, August 18th. Finally, Zacks Research upgraded shares of Hennes & Mauritz from a “strong sell” rating to a “hold” rating in a research report on Friday, August 14th. Four investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce”.

Hennes & Mauritz Price 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 firm’s fifty day moving average price is $3.53 and its 200-day moving average price is $3.55. The stock has a market cap of $22.86 billion, a P/E ratio of 20.35 and a beta of 1.12.

Hennes & Mauritz (OTCMKTS:HNNMY) last released its quarterly earnings results on Thursday, June 25th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). Hennes & Mauritz had a net margin of 5.55% and a return on equity of 31.51%. The business had revenue of $5.90 billion for the quarter, compared to the consensus estimate of $5.79 billion. Analysts forecast that Hennes & Mauritz AB will post 0.17 earnings per share for the current year.

About Hennes & Mauritz

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.