Zacks Research Downgrades Hennes & Mauritz (OTCMKTS:HNNMY) to Strong Sell

Hennes & Mauritz (OTCMKTS:HNNMY) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Thursday,Zacks.com reports.

Separately, Pareto Securities lowered shares of Hennes & Mauritz to a “sell” rating in a research note on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, Hennes & Mauritz presently has an average rating of “Reduce”.

Hennes & Mauritz Price Performance

Shares of OTCMKTS HNNMY opened at $3.36 on Thursday. Hennes & Mauritz has a twelve month low of $2.58 and a twelve month high of $4.25. 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 company has a market capitalization of $23.60 billion, a price-to-earnings ratio of 21.00 and a beta of 1.10. The business has a 50 day simple moving average of $3.42 and a 200-day simple moving average of $3.70.

Hennes & Mauritz (OTCMKTS:HNNMY) last posted its quarterly earnings results on Thursday, June 25th. The company reported $0.05 earnings per share (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 firm had revenue of $5.90 billion for the quarter, compared to analyst estimates of $5.79 billion. As a group, equities research analysts expect that Hennes & Mauritz will post 0.17 earnings per share 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.