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HENNES & MAURITZ (HNNMY) Upgraded to “Hold” by Zacks Investment Research |

HENNES & MAURITZ (HNNMY) Upgraded to “Hold” by Zacks Investment Research

Zacks Investment Research upgraded shares of HENNES MAURITZ (OTCMKTS:HNNMY) from a sell rating to a hold rating in a research report released on Wednesday.

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. “

Several other research firms have also recently commented on HNNMY. Royal Bank of Canada cut HENNES MAURITZ from a sector perform rating to an underperform rating in a report on Friday, February 23rd. ValuEngine cut HENNES MAURITZ from a buy rating to a hold rating in a report on Friday, March 9th.

Shares of HNNMY stock opened at $3.11 on Wednesday. HENNES MAURITZ has a 1 year low of $3.06 and a 1 year high of $5.53. The firm has a market capitalization of $22,603.90, a P/E ratio of 13.46, a price-to-earnings-growth ratio of 4.49 and a beta of 0.87.

HENNES MAURITZ (OTCMKTS:HNNMY) last posted its quarterly earnings data on Wednesday, January 31st. The company reported $0.06 earnings per share for the quarter. The company had revenue of $6.16 billion during the quarter. HENNES MAURITZ had a return on equity of 29.03% and a net margin of 8.09%. research analysts predict that HENNES MAURITZ will post 0.23 EPS for the current year.

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HENNES MAURITZ 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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