Hennes & Mauritz (OTCMKTS:HNNMY) Share Price Passes Above Two Hundred Day Moving Average - What's Next?

Key Points

• H&M shares crossed above their 200-day moving average, trading as high as $3.63 and closing around $3.62, compared with a 200-day average of $3.61.
• Analyst sentiment remains cautious: four analysts rate the stock Hold and three rate it Sell, giving Hennes & Mauritz an overall “Reduce” rating from MarketBeat.
• In its latest quarter, H&M reported $5.90 billion in revenue, exceeding estimates, but earnings per share of $0.05 fell short of the $0.06 consensus forecast; analysts expect $0.17 EPS for the full year.

Hennes & Mauritz AB (OTCMKTS:HNNMY - Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $3.61 and traded as high as $3.63. Hennes & Mauritz shares last traded at $3.62, with a volume of 109,114 shares.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on HNNMY shares. Pareto Securities lowered shares of Hennes & Mauritz to a "sell" rating in a report on Friday, June 26th. Citigroup reaffirmed a "neutral" rating on shares of Hennes & Mauritz in a research note on Tuesday, August 18th. Finally, Zacks Research upgraded shares of Hennes & Mauritz from a "strong sell" rating to a "hold" rating in a report on Friday, August 14th. Four analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Reduce".

Hennes & Mauritz Price Performance

The stock has a 50-day simple moving average of $3.53 and a 200 day simple moving average of $3.61. The company has a market cap of $25.42 billion, a PE ratio of 22.63 and a beta of 1.12. 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 released its quarterly earnings results on Thursday, June 25th. The company reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.06 by ($0.01). The business had revenue of $5.90 billion for the quarter, compared to analysts' expectations of $5.79 billion. Hennes & Mauritz had a return on equity of 31.51% and a net margin of 5.55%. Equities analysts expect that Hennes & Mauritz AB will post 0.17 EPS for the current 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.

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