Hennes & Mauritz (OTCMKTS:HNNMY) Shares Gap Up – Still a Buy?

Shares of Hennes & Mauritz AB (OTCMKTS:HNNMY) gapped up before the market opened on Tuesday. The stock had previously closed at $3.5490, but opened at $3.75. Hennes & Mauritz shares last traded at $3.75, with a volume of 1,332 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on HNNMY shares. Citigroup reiterated a “neutral” rating on shares of Hennes & Mauritz in a report on Tuesday, August 18th. Zacks Research raised Hennes & Mauritz from a “strong sell” rating to a “hold” rating in a research report on Friday, August 14th. Four equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Hennes & Mauritz presently has a consensus rating of “Reduce”.

Hennes & Mauritz Stock Performance

The company has a debt-to-equity ratio of 1.16, a current ratio of 1.13 and a quick ratio of 0.59. The stock has a fifty day simple moving average of $3.40 and a two-hundred day simple moving average of $3.60. The firm has a market capitalization of $24.95 billion, a P/E ratio of 20.90 and a beta of 1.17.

Hennes & Mauritz (OTCMKTS:HNNMY) last posted its quarterly earnings results on Wednesday, September 23rd. The company reported $0.05 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.05. The firm had revenue of $5.98 billion for the quarter, compared to analysts’ expectations of $5.84 billion. Hennes & Mauritz had a return on equity of 33.70% and a net margin of 5.94%. On average, research analysts predict 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 Group, is a Swedish fashion and retail company that designs, sources and sells clothing, accessories, footwear, beauty products and home furnishings. Its brands serve a broad range of customers through physical stores, digital platforms and e-commerce channels.

The company’s portfolio includes H&M, COS, Weekday, & Other Stories, ARKET and other fashion and lifestyle concepts. H&M is known for offering trend-focused apparel and accessories, while the group’s other brands generally target distinct segments ranging from contemporary and premium fashion to home goods and resale.

H&M was founded in 1947 by Erling Persson in Västerås, Sweden, originally under the name Hennes.