Hennes & Mauritz AB (OTCMKTS:HNNMY) Receives Average Recommendation of “Reduce” from Brokerages

Hennes & Mauritz AB (OTCMKTS:HNNMY) has been assigned a consensus recommendation of “Reduce” from the seven research firms that are currently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation and four have issued a hold recommendation on the company.

A number of research analysts have weighed in on HNNMY shares. Zacks Research raised shares of Hennes & Mauritz from a “strong sell” rating to a “hold” rating in a report on Friday, August 14th. Citigroup restated a “neutral” rating on shares of Hennes & Mauritz in a report on Tuesday, August 18th. Finally, Pareto Securities lowered shares of Hennes & Mauritz to a “sell” rating in a research note on Friday, June 26th.

Hennes & Mauritz Stock Down 1.2%

OTCMKTS:HNNMY opened at $3.32 on Wednesday. The company’s fifty day moving average price is $3.54 and its 200-day moving average price is $3.58. The firm has a market capitalization of $23.31 billion, a P/E ratio of 20.75 and a beta of 1.12. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.07 and a quick ratio of 0.53. Hennes & Mauritz has a 1-year low of $3.18 and a 1-year high of $4.25.

Hennes & Mauritz (OTCMKTS:HNNMY) last issued its quarterly earnings data on Thursday, June 25th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). Hennes & Mauritz had a net margin of 5.55% and a return on equity of 31.51%. The company had revenue of $5.90 billion during the quarter, compared to analyst estimates of $5.79 billion. As a group, equities research analysts anticipate that Hennes & Mauritz will post 0.17 EPS for the current year.

Hennes & Mauritz Company Profile

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.