HENNES & MAURIT/ADR (OTCMKTS:HNNMY) Lifted to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of HENNES & MAURIT/ADR (OTCMKTS:HNNMY) from a sell rating to a hold rating in a research report report published on Friday morning, 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. “

A number of other research firms have also recently commented on HNNMY. Nordea Equity Research upgraded shares of HENNES & MAURIT/ADR from a hold rating to a buy rating in a report on Wednesday, September 16th. Morgan Stanley cut shares of HENNES & MAURIT/ADR from an equal weight rating to an underweight rating in a report on Monday, September 14th. Citigroup restated a buy rating on shares of HENNES & MAURIT/ADR in a report on Wednesday, September 16th. Royal Bank of Canada reiterated a sector perform rating on shares of HENNES & MAURIT/ADR in a report on Wednesday, September 16th. Finally, Credit Suisse Group reiterated an underperform rating on shares of HENNES & MAURIT/ADR in a report on Wednesday, July 1st. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $3.50.

Shares of HNNMY opened at $3.55 on Friday. HENNES & MAURIT/ADR has a twelve month low of $1.88 and a twelve month high of $4.36. The company has a market cap of $23.41 billion, a P/E ratio of 53.42 and a beta of 1.32. The company has a current ratio of 1.02, a quick ratio of 0.41 and a debt-to-equity ratio of 1.10. The company’s fifty day simple moving average is $3.19 and its 200-day simple moving average is $2.92.

HENNES & MAURIT/ADR (OTCMKTS:HNNMY) last posted its quarterly earnings results on Thursday, June 25th. The company reported ($0.06) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.06). The firm had revenue of $2.91 billion for the quarter, compared to analysts’ expectations of $3.07 billion. HENNES & MAURIT/ADR had a net margin of 2.49% and a return on equity of 9.29%.

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 Story: How is a Moving Average Calculated?

Get a free copy of the Zacks research report on HENNES & MAURIT/ADR (HNNMY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for HENNES & MAURIT/ADR (OTCMKTS:HNNMY)

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.