H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY – Get Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.22 and traded as high as $3.34. H & M Hennes & Mauritz AB (publ) shares last traded at $3.32, with a volume of 10,584 shares traded.
Analysts Set New Price Targets
Several research analysts have recently issued reports on the company. Barclays raised H & M Hennes & Mauritz AB (publ) to a “strong-buy” rating in a research note on Friday, September 27th. HSBC raised shares of H & M Hennes & Mauritz AB (publ) from a “hold” rating to a “buy” rating in a report on Friday, July 5th. Finally, Deutsche Bank Aktiengesellschaft raised shares of H & M Hennes & Mauritz AB (publ) from a “sell” rating to a “buy” rating in a research note on Wednesday, July 3rd.
Check Out Our Latest Analysis on H & M Hennes & Mauritz AB (publ)
H & M Hennes & Mauritz AB (publ) Price Performance
H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY – Get Free Report) last posted its quarterly earnings results on Thursday, September 26th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The company had revenue of $5.61 billion for the quarter, compared to analysts’ expectations of $5.84 billion. H & M Hennes & Mauritz AB (publ) had a return on equity of 23.03% and a net margin of 4.30%. Sell-side analysts predict that H & M Hennes & Mauritz AB will post 0.15 EPS for the current fiscal year.
H & M Hennes & Mauritz AB (publ) Increases Dividend
The firm also recently disclosed a dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Friday, November 8th will be given a $0.0625 dividend. The ex-dividend date of this dividend is Friday, November 8th. This is a positive change from H & M Hennes & Mauritz AB (publ)’s previous dividend of $0.06. H & M Hennes & Mauritz AB (publ)’s dividend payout ratio is presently 61.54%.
H & M Hennes & Mauritz AB (publ) Company Profile
H & M Hennes & Mauritz AB (publ) provides clothing, accessories, footwear, cosmetics, home textiles, and homeware for women, men, and children worldwide. It offers sportswear, shoes, bags, beauty products, activewear, jeans, and ready-to-wear; and interior products, including bed linens, dinnerware, textiles, furniture, and lighting.
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