Hennes & Mauritz AB (OTCMKTS:HNNMY) Given Consensus Recommendation of "Reduce" by Brokerages

Key Points

• Hennes & Mauritz received a consensus “Reduce” rating from seven analysts, with three recommending sell and four advising investors to hold.
• Shares opened at $3.52 after declining 2.8%, compared with a 12-month range of $3.07 to $4.25. The company has a market capitalization of approximately $24.72 billion.
• H&M reported quarterly earnings of $0.05 per share, below the $0.06 consensus estimate, while revenue of $5.90 billion exceeded analysts’ $5.79 billion forecast.

Hennes & Mauritz AB (OTCMKTS:HNNMY - Get Free Report) has earned an average rating of "Reduce" from the seven research firms that are covering the firm, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation and four have issued a hold recommendation on the company.

HNNMY has been the subject of several research analyst reports. Citigroup reiterated a "neutral" rating on shares of Hennes & Mauritz in a research report on Tuesday, August 18th. Zacks Research upgraded Hennes & Mauritz from a "strong sell" rating to a "hold" rating in a report on Friday, August 14th. Finally, Pareto Securities lowered Hennes & Mauritz to a "sell" rating in a research note on Friday, June 26th.

Hennes & Mauritz Trading Down 2.8%

Shares of HNNMY stock opened at $3.52 on Wednesday. The company has a market capitalization of $24.72 billion, a P/E ratio of 22.00 and a beta of 1.12. Hennes & Mauritz has a 12-month low of $3.07 and a 12-month high of $4.25. The company has a quick ratio of 0.53, a current ratio of 1.07 and a debt-to-equity ratio of 1.31. The firm has a 50-day moving average price of $3.54 and a 200 day moving average price of $3.60.

Hennes & Mauritz (OTCMKTS:HNNMY - Get Free Report) last announced its earnings results on Thursday, June 25th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). The business had revenue of $5.90 billion during the quarter, compared to analyst estimates of $5.79 billion. Hennes & Mauritz had a return on equity of 31.51% and a net margin of 5.55%. Research analysts forecast that Hennes & Mauritz will post 0.17 earnings per share for the current fiscal year.

Hennes & Mauritz Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.