H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) Stock Rating Upgraded by Royal Bank of Canada

Royal Bank of Canada upgraded shares of H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMYFree Report) from a sector perform rating to an outperform rating in a report issued on Friday morning, MarketBeat.com reports.

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

OTCMKTS:HNNMY opened at $3.44 on Friday. The company has a 50-day moving average of $3.08 and a 200-day moving average of $3.05. The company has a market capitalization of $24.69 billion, a price-to-earnings ratio of 31.28 and a beta of 1.47. H & M Hennes & Mauritz AB has a 52 week low of $2.43 and a 52 week high of $3.56. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.56 and a current ratio of 1.08.

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMYGet Free Report) last released its quarterly earnings data on Wednesday, March 27th. The company reported $0.01 EPS for the quarter, hitting analysts’ consensus estimates of $0.01. The company had revenue of $5.19 billion during the quarter, compared to the consensus estimate of $5.08 billion. H & M Hennes & Mauritz AB (publ) had a net margin of 4.02% and a return on equity of 20.67%. As a group, equities research analysts anticipate that H & M Hennes & Mauritz AB will post 0.16 earnings per share 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 Tuesday, May 28th. Stockholders of record on Tuesday, May 7th will be issued a dividend of $0.062 per share. This is an increase from H & M Hennes & Mauritz AB (publ)’s previous dividend of $0.06. The ex-dividend date is Monday, May 6th. H & M Hennes & Mauritz AB (publ)’s dividend payout ratio (DPR) is presently 90.92%.

About H & M Hennes & Mauritz AB (publ)

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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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Analyst Recommendations for H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY)

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