Hennes & Mauritz (OTCMKTS:HNNMY) Shares Gap Down – Time to Sell?
by Renee Jackson · The Cerbat GemHennes & Mauritz AB (OTCMKTS:HNNMY – Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $3.53, but opened at $3.3240. Hennes & Mauritz shares last traded at $3.3340, with a volume of 5,526 shares trading hands.
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Hennes & Mauritz in a report on Friday, January 30th. Barclays downgraded shares of Hennes & Mauritz from a “hold” rating to a “strong sell” rating in a research report on Friday, February 13th. Dnb Carnegie downgraded shares of Hennes & Mauritz from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 17th. Finally, Citigroup reissued a “neutral” rating on shares of Hennes & Mauritz in a research report on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold”.
Check Out Our Latest Analysis on Hennes & Mauritz
Hennes & Mauritz Stock Performance
The company has a market cap of $23.62 billion, a PE ratio of 20.94 and a beta of 1.10. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.58 and a current ratio of 1.18. The stock’s 50-day simple moving average is $3.70 and its 200 day simple moving average is $3.81.
Hennes & Mauritz (OTCMKTS:HNNMY – Get Free Report) last announced its quarterly earnings data on Thursday, March 26th. The company reported $0.01 EPS for the quarter, hitting analysts’ consensus estimates of $0.01. The company had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.63 billion. Hennes & Mauritz had a net margin of 5.48% and a return on equity of 30.79%. As a group, equities analysts anticipate 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.