Hennes & Mauritz (OTCMKTS:HNNMY) Sets New 1-Year High - Time to Buy?

Key Points

• Hennes & Mauritz shares reached a new 52-week high at $3.79, with the latest trading price being $3.77 amid a volume of 35,401 shares.
• Analyst ratings for Hennes & Mauritz show mixed sentiments, with one strong buy, five holds, and two sell recommendations, leading to a consensus rating of "Hold."
• In its last quarterly earnings report, Hennes & Mauritz reported an EPS of $0.04, exceeding the consensus estimate of $0.03, and generated $5.96 billion in revenue.

Shares of Hennes & Mauritz AB (OTCMKTS:HNNMY - Get Free Report) reached a new 52-week high during trading on Tuesday . The stock traded as high as $3.79 and last traded at $3.77, with a volume of 35401 shares traded. The stock had previously closed at $3.78.

Analyst Upgrades and Downgrades

Several research analysts have commented on HNNMY shares. Berenberg Bank raised shares of Hennes & Mauritz to a "strong-buy" rating in a report on Friday, August 1st. Citigroup restated a "sell" rating on shares of Hennes & Mauritz in a report on Friday, September 26th. Zacks Research raised Hennes & Mauritz from a "strong sell" rating to a "hold" rating in a research note on Thursday, August 14th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of Hennes & Mauritz in a research report on Wednesday, September 3rd. One analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Hennes & Mauritz currently has a consensus rating of "Hold".

Hennes & Mauritz Stock Down 0.3%

The business has a fifty day moving average of $3.08 and a 200-day moving average of $2.89. The stock has a market cap of $26.58 billion, a PE ratio of 26.93 and a beta of 1.35. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.00 and a quick ratio of 0.46.

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

Hennes & Mauritz Company Profile

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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