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Hennes & Mauritz AB (HNNMY) Downgraded by Zacks Investment Research |

Hennes & Mauritz AB (HNNMY) Downgraded by Zacks Investment Research

Zacks Investment Research cut shares of Hennes Mauritz AB (OTCMKTS:HNNMY) from a buy rating to a hold rating in a research note released on Thursday, October 5th.

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. HM’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. “

Separately, Goldman Sachs Group, Inc. (The) reissued a neutral rating on shares of Hennes Mauritz AB in a report on Tuesday, August 8th.

Hennes Mauritz AB (OTCMKTS:HNNMY) traded down 0.460% on Thursday, reaching $5.405. The company had a trading volume of 34,370 shares. The firm has a market capitalization of $44.73 billion, a PE ratio of 18.612 and a beta of 1.08. The stock has a 50 day moving average of $5.25 and a 200 day moving average of $5.06. Hennes Mauritz AB has a 12 month low of $4.52 and a 12 month high of $6.02.

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The company also recently disclosed a None dividend, which will be paid on Monday, December 4th. Investors of record on Tuesday, November 14th will be issued a $0.083 dividend. This is a positive change from Hennes Mauritz AB’s previous None dividend of $0.08. The ex-dividend date of this dividend is Monday, November 13th.

Hennes Mauritz AB Company Profile

H M Hennes Mauritz AB (publ) provides clothing, accessories, footwear, and cosmetics for women, men, teenagers, children, and babies. It offers sportswear, underwear, shoes, bags, jewelry, scarves, hats, belts, beauty products, stationery, ready-to-wear, and jeans wear; hair styling, body care, and make-up accessories; and homeware accessories for the living room, kitchen, bedroom, bathroom and children’s room.

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