Hennes & Mauritz (OTCMKTS:HNNMY) Shares Gap Up – Here’s What Happened

Hennes & Mauritz AB (OTCMKTS:HNNMY) gapped up before the market opened on Tuesday . The stock had previously closed at $3.58, but opened at $3.69. Hennes & Mauritz shares last traded at $3.73, with a volume of 60,078 shares.

Analysts Set New Price Targets

Several brokerages recently commented on HNNMY. Zacks Research raised shares of Hennes & Mauritz from a “strong sell” rating to a “hold” rating in a report on Friday. 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce”.

Hennes & Mauritz Stock Performance

The company has a debt-to-equity ratio of 1.31, a current ratio of 1.07 and a quick ratio of 0.53. The stock’s 50-day moving average price is $3.47 and its 200-day moving average price is $3.64. The company has a market cap of $26.05 billion, a P/E ratio of 23.19 and a beta of 1.11.

Hennes & Mauritz (OTCMKTS:HNNMY) last released its quarterly earnings results on Thursday, June 25th. The company reported $0.05 EPS 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 the consensus estimate of $5.79 billion. Hennes & Mauritz had a return on equity of 31.51% and a net margin of 5.55%. Equities analysts anticipate that Hennes & Mauritz AB will post 0.17 EPS for the current year.

About Hennes & Mauritz

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.