H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) Downgraded by Redburn Atlantic to “Strong Sell”

Redburn Atlantic downgraded shares of H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) from a hold rating to a strong sell rating in a research report released on Thursday morning, Zacks.com reports.

A number of other equities analysts also recently weighed in on HNNMY. Barclays upgraded H & M Hennes & Mauritz AB (publ) to a “strong-buy” rating in a research note on Friday, September 27th. Deutsche Bank Aktiengesellschaft upgraded H & M Hennes & Mauritz AB (publ) from a “sell” rating to a “buy” rating in a research note on Wednesday, July 3rd. Finally, HSBC upgraded H & M Hennes & Mauritz AB (publ) from a “hold” rating to a “buy” rating in a research note on Friday, July 5th. One investment analyst has rated the stock with a sell rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

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

Shares of HNNMY stock traded up $0.01 during trading hours on Thursday, reaching $2.91. The company’s stock had a trading volume of 7,969 shares, compared to its average volume of 36,910. The company has a market capitalization of $20.60 billion, a price-to-earnings ratio of 24.25 and a beta of 1.44. H & M Hennes & Mauritz AB has a fifty-two week low of $2.54 and a fifty-two week high of $3.69. The firm’s 50 day simple moving average is $3.22 and its 200-day simple moving average is $3.22. The company has a quick ratio of 0.55, a current ratio of 1.11 and a debt-to-equity ratio of 1.07.

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) last announced its quarterly earnings results on Thursday, September 26th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.01). H & M Hennes & Mauritz AB (publ) had a return on equity of 23.03% and a net margin of 4.30%. The company had revenue of $5.61 billion for the quarter, compared to the consensus estimate of $5.84 billion. Sell-side analysts forecast that H & M Hennes & Mauritz AB will post 0.15 earnings per share for the current year.

H & M Hennes & Mauritz AB (publ) Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 8th will be issued a $0.0625 dividend. This is a positive change from H & M Hennes & Mauritz AB (publ)’s previous dividend of $0.06. The ex-dividend date is Friday, November 8th. H & M Hennes & Mauritz AB (publ)’s dividend payout ratio (DPR) is presently 66.67%.

H & M Hennes & Mauritz AB (publ) Company Profile

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.