H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) Lowered to Strong Sell Rating by Redburn Atlantic

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

Other equities analysts have also issued reports about the stock. Deutsche Bank Aktiengesellschaft raised shares of H & M Hennes & Mauritz AB (publ) from a “sell” rating to a “buy” rating in a report on Wednesday, July 3rd. HSBC upgraded shares of H & M Hennes & Mauritz AB (publ) from a “hold” rating to a “buy” rating in a research note on Friday, July 5th. Finally, Barclays upgraded shares of H & M Hennes & Mauritz AB (publ) to a “strong-buy” rating in a research note on Friday, September 27th. One 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 stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

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

OTCMKTS:HNNMY opened at $2.91 on Thursday. H & M Hennes & Mauritz AB has a 52 week low of $2.54 and a 52 week high of $3.69. The firm has a market cap of $20.60 billion, a price-to-earnings ratio of 24.25 and a beta of 1.45. The firm’s 50-day simple moving average is $3.22 and its 200 day simple moving average is $3.23. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.55 and a current ratio of 1.11.

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) last released its earnings results on Thursday, September 26th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.01). H & M Hennes & Mauritz AB (publ) had a net margin of 4.30% and a return on equity of 23.03%. The firm had revenue of $5.61 billion during the quarter, compared to the consensus estimate of $5.84 billion. As a group, sell-side analysts predict 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 company also recently declared a dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 8th will be issued a dividend of $0.0625 per share. This is a positive change from H & M Hennes & Mauritz AB (publ)’s previous dividend of $0.06. The ex-dividend date of this dividend is Friday, November 8th. H & M Hennes & Mauritz AB (publ)’s dividend payout ratio (DPR) is presently 66.67%.

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.