Hennes & Mauritz (OTCMKTS:HNNMY) Sees Unusually-High Trading Volume - Still a Buy?

Key Points

• Hennes & Mauritz trading volume surged 210% to 451,782 shares, while the stock slipped to $3.60 from a prior close of $3.65.
• Analyst sentiment is strongly negative: three analysts rate H&M “Hold” and four rate it “Sell,” giving the stock a consensus rating of “Strong Sell.”
• In its latest quarter, H&M reported $0.05 in earnings per share, missing estimates by $0.01, although revenue of $5.90 billion exceeded expectations of $5.79 billion.

Shares of Hennes & Mauritz AB (OTCMKTS:HNNMY - Get Free Report) saw unusually-high trading volume on Wednesday . 451,782 shares changed hands during trading, an increase of 210% from the previous session's volume of 145,960 shares.The stock last traded at $3.60 and had previously closed at $3.65.

Analyst Upgrades and Downgrades

HNNMY has been the topic of several research reports. Zacks Research cut Hennes & Mauritz from a "hold" rating to a "strong sell" rating in a report on Thursday, July 16th. Pareto Securities downgraded Hennes & Mauritz to a "sell" rating in a research report on Friday, June 26th. Three equities research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company's stock. Based on data from MarketBeat, Hennes & Mauritz currently has a consensus rating of "Strong Sell".

Hennes & Mauritz Stock Performance

The firm's 50-day moving average price is $3.45 and its two-hundred day moving average price is $3.65. The firm has a market capitalization of $25.22 billion, a PE ratio of 22.45 and a beta of 1.11. The company has a quick ratio of 0.53, a current ratio of 1.07 and a debt-to-equity ratio of 1.31.

Hennes & Mauritz (OTCMKTS:HNNMY - Get Free Report) last issued its quarterly 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 firm had revenue of $5.90 billion during the quarter, compared to analysts' expectations of $5.79 billion. Hennes & Mauritz had a net margin of 5.55% and a return on equity of 31.51%. As a group, research analysts predict that Hennes & Mauritz AB 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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source