H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) Downgraded to “Hold” Rating by Barclays

Barclays cut shares of H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) from a strong-buy rating to a hold rating in a research note published on Tuesday,Zacks.com reports.

A number of other equities analysts have also recently issued reports on the stock. Redburn Atlantic cut shares of H & M Hennes & Mauritz AB (publ) from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 31st. Royal Bank of Canada downgraded shares of H & M Hennes & Mauritz AB (publ) from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, H & M Hennes & Mauritz AB (publ) presently has an average rating of “Hold”.

H & M Hennes & Mauritz AB (publ) Stock Performance

Shares of HNNMY stock opened at $2.63 on Tuesday. The company’s 50 day moving average is $2.65 and its 200 day moving average is $2.91. The company has a quick ratio of 0.55, a current ratio of 1.14 and a debt-to-equity ratio of 1.40. H & M Hennes & Mauritz AB has a 52-week low of $2.46 and a 52-week high of $3.69. The firm has a market cap of $18.59 billion, a price-to-earnings ratio of 18.75 and a beta of 1.43.

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) last posted its quarterly earnings results on Wednesday, January 29th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.01. H & M Hennes & Mauritz AB (publ) had a net margin of 4.93% and a return on equity of 25.89%. On average, sell-side analysts anticipate that H & M Hennes & Mauritz AB will post 0.15 EPS for the current fiscal year.

About H & M Hennes & Mauritz AB (publ)

H & M Hennes & Mauritz AB (publ) provides clothing, accessories, footwear, cosmetics, home textiles, and homeware for women, men, and children worldwide. It offers sportswear, shoes, bags, beauty products, activewear, jeans, and ready-to-wear; and interior products, including bed linens, dinnerware, textiles, furniture, and lighting.