Hennes & Mauritz (OTCMKTS:HNNMY) Sees Large Volume Increase - Still a Buy?

Key Points

• Trading volume rose 38% to approximately 210,353 shares, while H&M’s stock traded at $3.3590, up from the prior close of $3.26.
• Analyst sentiment remains cautious: four analysts rate the stock a hold and three rate it a sell, giving H&M an overall MarketBeat rating of “Reduce.”
• H&M slightly missed quarterly EPS expectations, reporting $0.05 versus the $0.06 consensus, though revenue of $5.90 billion exceeded estimates of $5.79 billion. Analysts expect full-year EPS of $0.17.

Hennes & Mauritz AB (OTCMKTS:HNNMY - Get Free Report) saw an uptick in trading volume on Tuesday . Approximately 210,353 shares were traded during mid-day trading, an increase of 38% from the previous session's volume of 152,121 shares.The stock last traded at $3.3590 and had previously closed at $3.26.

Wall Street Analyst Weigh In

Several research firms have weighed in on HNNMY. Zacks Research raised Hennes & Mauritz from a "strong sell" rating to a "hold" rating in a research note on Friday, August 14th. Citigroup reissued a "neutral" rating on shares of Hennes & Mauritz in a research report on Tuesday, August 18th. Finally, Pareto Securities cut shares of Hennes & Mauritz to a "sell" rating in a report on Friday, June 26th. Four investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Reduce".

Hennes & Mauritz Price Performance

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 market capitalization of $23.56 billion, a price-to-earnings ratio of 20.97 and a beta of 1.12. The stock's 50 day moving average price is $3.53 and its two-hundred day moving average price is $3.55.

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

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