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Hennes & Mauritz AB (HNNMY) Downgraded to Hold at Zacks Investment Research |

Hennes & Mauritz AB (HNNMY) Downgraded to Hold at Zacks Investment Research

Zacks Investment Research lowered shares of Hennes Mauritz AB (OTCMKTS:HNNMY) from a buy rating to a hold rating in a research note issued to investors on Thursday.

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) reaffirmed a neutral rating on shares of Hennes Mauritz AB in a research report on Tuesday, August 8th.

Hennes Mauritz AB (HNNMY) opened at 5.32 on Thursday. The company’s 50 day moving average price is $5.21 and its 200-day moving average price is $5.05. The company has a market cap of $44.02 billion, a P/E ratio of 18.32 and a beta of 1.08. Hennes Mauritz AB has a one year low of $4.52 and a one year high of $6.02.

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

About Hennes Mauritz AB

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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