H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) Stock Passes Above 200-Day Moving Average – Here’s Why

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) crossed 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 trading hands.

Wall Street Analyst Weigh In

A number of research firms have commented on HNNMY. Deutsche Bank Aktiengesellschaft raised H & M Hennes & Mauritz AB (publ) from a “sell” rating to a “buy” rating in a report on Wednesday, July 3rd. Barclays upgraded H & M Hennes & Mauritz AB (publ) to a “strong-buy” rating in a research note on Friday, September 27th. Finally, HSBC upgraded shares of H & M Hennes & Mauritz AB (publ) from a “hold” rating to a “buy” rating in a research note on Friday, July 5th.

H & M Hennes & Mauritz AB (publ) Stock Down 0.8 %

The stock has a market cap of $23.22 billion, a P/E ratio of 25.23 and a beta of 1.44. The stock’s fifty day simple moving average is $3.20 and its 200-day simple moving average is $3.22. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.11 and a quick ratio of 0.55.

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) last announced its quarterly earnings results on Thursday, September 26th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.01). The company had revenue of $5.61 billion during the quarter, compared to the consensus estimate 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%. On average, research analysts anticipate that H & M Hennes & Mauritz AB will post 0.15 earnings per share for the current year.

H & M Hennes & Mauritz AB (publ) Increases Dividend

The company also recently declared a dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Friday, November 8th will be issued a dividend of $0.0625 per share. This is an increase from H & M Hennes & Mauritz AB (publ)’s previous dividend of $0.06. The ex-dividend date is Friday, November 8th. H & M Hennes & Mauritz AB (publ)’s payout ratio is 61.54%.

About H & M Hennes & Mauritz AB (publ)

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.