H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) Downgraded to “Hold” Rating by Royal Bank of Canada

Royal Bank of Canada lowered shares of H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) from a moderate buy rating to a hold rating in a report issued on Tuesday,Zacks.com reports.

Several other equities analysts have also commented on HNNMY. Redburn Atlantic lowered shares of H & M Hennes & Mauritz AB (publ) from a “hold” rating to a “strong sell” rating in a report on Thursday, October 31st. Barclays raised shares of H & M Hennes & Mauritz AB (publ) to a “strong-buy” rating in a report on Friday, September 27th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

H & M Hennes & Mauritz AB (publ) Price Performance

OTCMKTS:HNNMY opened at $2.74 on Tuesday. H & M Hennes & Mauritz AB has a 52 week low of $2.54 and a 52 week high of $3.69. The firm has a market cap of $19.40 billion, a price-to-earnings ratio of 22.84 and a beta of 1.45. The firm’s 50-day simple moving average is $3.07 and its 200 day simple moving average is $3.18. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.55 and a current ratio of 1.11.

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) last released its quarterly earnings results on Thursday, September 26th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). H & M Hennes & Mauritz AB (publ) had a return on equity of 23.03% and a net margin of 4.30%. The business had revenue of $5.61 billion for the quarter, compared to the consensus estimate of $5.84 billion. As a group, sell-side analysts predict that H & M Hennes & Mauritz AB will post 0.15 earnings per share for the current year.

H & M Hennes & Mauritz AB (publ) Increases Dividend

The business also recently declared a dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 8th were paid a $0.0625 dividend. This is an increase from H & M Hennes & Mauritz AB (publ)’s previous dividend of $0.06. The ex-dividend date was Friday, November 8th. H & M Hennes & Mauritz AB (publ)’s dividend payout ratio (DPR) is presently 58.34%.

About H & M Hennes & Mauritz AB (publ)

H & M Hennes & Mauritz AB (publ) provides clothing, accessories, footwear, cosmetics, home textiles, and homeware for women, men, and children worldwide. It offers sportswear, shoes, bags, beauty products, activewear, jeans, and ready-to-wear; and interior products, including bed linens, dinnerware, textiles, furniture, and lighting.