Hennes & Mauritz (OTCMKTS:HNNMY) Shares Gap Down - Time to Sell?

Key Points

• Hennes & Mauritz shares gapped down 3.1% from a prior close of $3.71 to open at $3.595, with 13,068 shares traded.
• Analyst sentiment remains cautious: four analysts rate the stock Hold and three rate it Sell, resulting in a consensus rating of “Reduce.”
• H&M slightly missed quarterly EPS expectations, reporting $0.05 versus the $0.06 consensus, although revenue of $5.90 billion exceeded estimates of $5.79 billion.

Shares of Hennes & Mauritz AB (OTCMKTS:HNNMY - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $3.71, but opened at $3.5950. Hennes & Mauritz shares last traded at $3.5950, with a volume of 13,068 shares.

Analyst Upgrades and Downgrades

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

Hennes & Mauritz Stock Down 1.1%

The stock has a fifty day moving average price of $3.51 and a two-hundred day moving average price of $3.63. The company has a market cap of $25.21 billion, a price-to-earnings ratio of 22.44 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 released 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). Hennes & Mauritz had a net margin of 5.55% and a return on equity of 31.51%. The business had revenue of $5.90 billion during the quarter, compared to analyst estimates of $5.79 billion. As a group, sell-side 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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