HENNES & MAURIT/ADR (OTCMKTS:HNNMY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday, Zacks.com reports.
According to Zacks, “H & M Hennes & Mauritz AB offers fashion products with a broad and varied selection for women, men, teens and children through retail outlets mainly in Europe. The Company also sells its products via catalogues and the Internet. The women’s collection includes basics to tailored classics, sportswear, maternity clothes, accessories and shoes. The men’s collections include tailored pieces, modern basics, leisurewear accessories, underwear and shoes. The jeans & denim includes traditional five-pocket jeans, trendy fashion jeans and denim models in organic cotton. H&M’s cosmetics department provides a wide range of makeup, skin care and body care products. H & M Hennes & Mauritz AB is a subsidiary of Ramsbury Invest AB and is headquartered in Stockholm, Sweden. “
Several other research analysts also recently weighed in on HNNMY. ValuEngine downgraded shares of HENNES & MAURIT/ADR from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Royal Bank of Canada upgraded shares of HENNES & MAURIT/ADR from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, August 28th.
HENNES & MAURIT/ADR (OTCMKTS:HNNMY) last released its quarterly earnings results on Wednesday, June 26th. The company reported $0.06 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.06. HENNES & MAURIT/ADR had a net margin of 5.42% and a return on equity of 21.20%. The business had revenue of $6.11 billion for the quarter. Analysts expect that HENNES & MAURIT/ADR will post 0.16 earnings per share for the current fiscal year.
About HENNES & MAURIT/ADR
H & M Hennes & Mauritz AB (publ) provides clothing, accessories, footwear, and cosmetics for women, men, teenagers, children, and babies worldwide. It offers sportswear, underwear, shoes, bags, beauty products, stationery, ready-to-wear, jeans, home textiles, and homeware; and interior products for living rooms, kitchens, bedrooms, bathrooms, and kids' rooms.
Featured Article: Holder of Record
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for HENNES & MAURIT/ADR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HENNES & MAURIT/ADR and related companies with MarketBeat.com's FREE daily email newsletter.