H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) Stock Crosses Below 200-Day Moving Average – What’s Next?

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.19 and traded as low as $2.71. H & M Hennes & Mauritz AB (publ) shares last traded at $2.71, with a volume of 18,200 shares changing hands.

Analysts Set New Price Targets

HNNMY has been the subject of a number of research analyst reports. Barclays raised H & M Hennes & Mauritz AB (publ) to a “strong-buy” rating in a report on Friday, September 27th. Redburn Atlantic cut H & M Hennes & Mauritz AB (publ) from a “hold” rating to a “strong sell” rating in a report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

H & M Hennes & Mauritz AB (publ) Stock Performance

The company has a 50-day simple moving average of $3.15 and a two-hundred day simple moving average of $3.19. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.55 and a current ratio of 1.11. The firm has a market capitalization of $19.21 billion, a P/E ratio of 22.61 and a beta of 1.45.

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) last issued its quarterly earnings results on Thursday, September 26th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). H & M Hennes & Mauritz AB (publ) had a return on equity of 23.03% and a net margin of 4.30%. The company had revenue of $5.61 billion during the quarter, compared to the consensus estimate of $5.84 billion. As a group, equities analysts forecast that H & M Hennes & Mauritz AB will post 0.15 EPS for the current year.

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

The company also recently declared a dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 8th will be paid 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 of this dividend is Friday, November 8th. H & M Hennes & Mauritz AB (publ)’s payout ratio is currently 58.34%.

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.