Hennes & Mauritz (OTCMKTS:HNNMY) Sees Large Volume Increase - What's Next?

Key Points

• Trading activity increased: Hennes & Mauritz shares traded 175,919 shares, while the stock fell 0.7% to $3.44 from $3.48.
• Analyst sentiment remains cautious: Four analysts rate the stock Hold and three rate it Sell, giving H&M a consensus rating of “Reduce.”
• Quarterly results met expectations: H&M reported earnings of $0.05 per share, in line with estimates, while revenue of $5.98 billion exceeded the $5.84 billion consensus forecast.

Shares of Hennes & Mauritz AB (OTCMKTS:HNNMY - Get Free Report) saw unusually-high trading volume on Wednesday. 175,919 shares were traded during trading, a decline of 1% from the previous session's volume of 178,547 shares. The stock last traded at $3.44 and had previously closed at $3.48.

Analysts Set New Price Targets

HNNMY has been the topic of a number of research reports. Zacks Research raised shares of Hennes & Mauritz from a "strong sell" rating to a "hold" rating in a research report on Friday, August 14th. Pareto Securities downgraded shares of Hennes & Mauritz to a "sell" rating in a research report on Friday, June 26th. Finally, Citigroup reiterated a "neutral" rating on shares of Hennes & Mauritz in a research note on Tuesday, August 18th. Four analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Reduce".

Hennes & Mauritz Stock Down 0.7%

The company has a debt-to-equity ratio of 1.16, a current ratio of 1.13 and a quick ratio of 0.59. The firm has a 50-day moving average of $3.43 and a 200 day moving average of $3.48. The stock has a market capitalization of $24.26 billion, a price-to-earnings ratio of 20.32 and a beta of 1.17.

Hennes & Mauritz (OTCMKTS:HNNMY - Get Free Report) last posted its quarterly earnings results on Wednesday, September 23rd. The company reported $0.05 earnings per share for the quarter, hitting the consensus estimate of $0.05. The firm had revenue of $5.98 billion for the quarter, compared to analyst estimates of $5.84 billion. Hennes & Mauritz had a return on equity of 33.70% and a net margin of 5.94%. As a group, sell-side analysts forecast that Hennes & Mauritz AB will post 0.17 earnings per share for the current fiscal year.

About Hennes & Mauritz

Hennes & Mauritz AB, commonly known as H&M Group, is a Swedish fashion and retail company that designs, sources and sells clothing, accessories, footwear, beauty products and home furnishings. Its brands serve a broad range of customers through physical stores, digital platforms and e-commerce channels.

The company's portfolio includes H&M, COS, Weekday, & Other Stories, ARKET and other fashion and lifestyle concepts. H&M is known for offering trend-focused apparel and accessories, while the group's other brands generally target distinct segments ranging from contemporary and premium fashion to home goods and resale.

H&M was founded in 1947 by Erling Persson in Västerås, Sweden, originally under the name Hennes.

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