H&M (HNNMY) Cut to Sell at Zacks Investment Research

Zacks Investment Research cut shares of H&M (OTCMKTS:HNNMY) from a hold rating to a sell rating in a research report released on Saturday morning.

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. “

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Other research analysts have also issued reports about the company. ValuEngine lowered H&M from a buy rating to a hold rating in a research report on Friday, March 9th. Royal Bank of Canada lowered H&M from a sector perform rating to an underperform rating in a research report on Friday, February 23rd.

HNNMY stock opened at $2.98 on Friday. H&M has a 1-year low of $2.82 and a 1-year high of $5.53. The stock has a market capitalization of $21,617.95, a PE ratio of 12.93, a price-to-earnings-growth ratio of 4.70 and a beta of 0.92.

H&M (OTCMKTS:HNNMY) last posted its quarterly earnings data on Wednesday, January 31st. The company reported $0.06 earnings per share for the quarter. H&M had a return on equity of 29.03% and a net margin of 8.09%. The firm had revenue of $6.16 billion during the quarter. research analysts predict that H&M will post 0.21 earnings per share for the current year.

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H&M 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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