Hennes & Mauritz (OTCMKTS:HNNMY) Hits New 12-Month High - What's Next?

Key Points

• Hennes & Mauritz shares reached a new 52-week high at $3.69, reflecting a trading volume of 40,491 shares.
• Equities analysts have mixed sentiments, with one "strong buy", five "hold", and two "sell" ratings, resulting in an average rating of "hold".
• The company reported an earnings per share (EPS) of $0.04 for the quarter, beating estimates, and generated revenue of $5.96 billion.

Hennes & Mauritz AB (OTCMKTS:HNNMY - Get Free Report) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $3.69 and last traded at $3.69, with a volume of 40491 shares. The stock had previously closed at $3.63.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Citigroup restated a "sell" rating on shares of Hennes & Mauritz in a research report on Friday. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of Hennes & Mauritz in a research report on Wednesday, September 3rd. Berenberg Bank upgraded Hennes & Mauritz to a "strong-buy" rating in a research report on Friday, August 1st. Finally, Zacks Research upgraded Hennes & Mauritz from a "strong sell" rating to a "hold" rating in a research report on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Hennes & Mauritz has an average rating of "Hold".

Hennes & Mauritz Stock Up 1.7%

The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.46 and a current ratio of 1.00. The company has a market cap of $26.02 billion, a PE ratio of 26.36 and a beta of 1.25. The firm has a fifty day simple moving average of $3.02 and a 200 day simple moving average of $2.85.

Hennes & Mauritz (OTCMKTS:HNNMY - Get Free Report) last posted its quarterly earnings results on Thursday, September 25th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.03 by $0.01. The company had revenue of $5.96 billion during the quarter, compared to analysts' expectations of $56.77 billion. Hennes & Mauritz had a return on equity of 26.33% and a net margin of 4.80%. Equities research analysts predict that Hennes & Mauritz AB will post 0.15 EPS for the current year.

About Hennes & Mauritz

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.

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