Hennes & Mauritz (OTCMKTS:HNNMY) Sees Strong Trading Volume – Time to Buy?

Hennes & Mauritz AB (OTCMKTS:HNNMY) shares saw strong trading volume on Tuesday. 401,681 shares changed hands during mid-day trading, an increase of 139% from the previous session’s volume of 167,915 shares. The stock last traded at $3.17 and had previously closed at $3.14.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Citigroup reaffirmed a “neutral” rating on shares of Hennes & Mauritz in a report on Tuesday, August 18th. Zacks Research raised Hennes & Mauritz from a “strong sell” rating to a “hold” rating in a report on Friday, August 14th. Finally, Pareto Securities lowered Hennes & Mauritz to a “sell” rating in a research report on Friday, June 26th. Four research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce”.

Hennes & Mauritz Price Performance

The company has a current ratio of 1.07, a quick ratio of 0.53 and a debt-to-equity ratio of 1.31. The firm has a market cap of $22.26 billion, a price-to-earnings ratio of 18.65 and a beta of 1.17. The company has a 50 day moving average of $3.51 and a 200 day moving average of $3.51.

Hennes & Mauritz (OTCMKTS:HNNMY) last released its quarterly earnings data on Wednesday, September 23rd. The company reported $0.05 earnings per share for the quarter, meeting the consensus estimate of $0.05. Hennes & Mauritz had a return on equity of 33.62% and a net margin of 5.94%.The business had revenue of $5.98 billion for the quarter, compared to analysts’ expectations of $5.84 billion. Equities research analysts predict that Hennes & Mauritz AB will post 0.17 EPS for the current fiscal year.

About Hennes & Mauritz

Hennes & Mauritz AB, commonly known as H&M, is a Sweden-based fashion and retail company that sells clothing, accessories, footwear, beauty products and home furnishings. Its offerings are marketed through physical stores and digital sales channels, with products designed for women, men, teenagers and children.

Founded in 1947 by Erling Persson as a women’s clothing store called Hennes, the company later expanded into menswear and became Hennes & Mauritz following the acquisition of Mauritz Widforss in 1968.