Hennes & Mauritz AB (HNNMY) Cut to Hold at Zacks Investment Research

Zacks Investment Research cut shares of Hennes & Mauritz AB (OTCMKTS:HNNMY) from a buy rating to a hold rating in a research report sent to investors on Thursday morning.

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. “

Separately, Goldman Sachs Group, Inc. (The) reiterated a neutral rating on shares of Hennes & Mauritz AB in a research note on Tuesday, August 8th.

Shares of Hennes & Mauritz AB (OTCMKTS:HNNMY) opened at 5.32 on Thursday. The stock’s 50 day moving average price is $5.21 and its 200 day moving average price is $5.05. The firm has a market cap of $44.02 billion, a price-to-earnings ratio of 18.32 and a beta of 1.08. Hennes & Mauritz AB has a 12 month low of $4.52 and a 12 month high of $6.02.

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The firm also recently declared a None dividend, which will be paid on Monday, December 4th. Investors of record on Tuesday, November 14th will be paid a $0.083 dividend. This is a boost from Hennes & Mauritz AB’s previous None dividend of $0.08. The ex-dividend date of this dividend is Monday, November 13th.

About Hennes & Mauritz AB

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 children’s room.

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