Hennes & Mauritz AB (OTCMKTS:HNNMY) Receives Average Rating of “Hold” from Analysts

Shares of Hennes & Mauritz AB (OTCMKTS:HNNMY) have been assigned a consensus rating of “Hold” from the seven research firms that are covering the firm, MarketBeat reports. Six analysts have rated the stock with a hold rating and one has given a strong buy rating to the company.

HNNMY has been the topic of several analyst reports. Oddo Bhf raised Hennes & Mauritz to a “neutral” rating in a research note on Thursday, December 18th. Citigroup upgraded shares of Hennes & Mauritz from a “sell” rating to a “hold” rating in a research report on Thursday, December 11th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Hennes & Mauritz in a report on Friday, January 30th.

Hennes & Mauritz Trading Down 1.6%

Shares of OTCMKTS HNNMY opened at $4.06 on Tuesday. Hennes & Mauritz has a fifty-two week low of $2.37 and a fifty-two week high of $4.17. The firm has a market capitalization of $28.62 billion, a P/E ratio of 25.38 and a beta of 1.21. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.00 and a quick ratio of 0.46. The company’s 50 day simple moving average is $3.89 and its 200 day simple moving average is $3.53.

Hennes & Mauritz (OTCMKTS:HNNMY) last released its earnings results on Thursday, January 29th. The company reported $0.06 EPS for the quarter, hitting analysts’ consensus estimates of $0.06. The firm had revenue of $6.30 billion during the quarter, compared to analyst estimates of $6.35 billion. Hennes & Mauritz had a net margin of 5.46% and a return on equity of 31.43%. On average, analysts predict that Hennes & Mauritz will post 0.15 EPS for the current year.

About Hennes & Mauritz

Hennes & Mauritz AB, commonly known as H&M, is a Swedish multinational fashion retailer that designs, sources and sells ready-to-wear clothing, accessories and home textiles. The company traces its roots to 1947, when Erling Persson opened a women’s clothing store called Hennes (“hers”) in Västerås, Sweden; the business expanded into menswear after the acquisition of a Stockholm-based retailer, Mauritz Widforss, in the late 1960s, which led to the Hennes & Mauritz name. Today the company is headquartered in Stockholm and operates a global retail business built around multiple branded concepts.

H&M’s core activities include product design, sourcing and retailing of fashion for women, men, teenagers and children, as well as home goods under its H&M Home line.