H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) Sets New 52-Week High at $3.57

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) hit a new 52-week high on Wednesday . The company traded as high as $3.57 and last traded at $3.54, with a volume of 25677 shares trading hands. The stock had previously closed at $3.47.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada upgraded H & M Hennes & Mauritz AB (publ) from a “sector perform” rating to an “outperform” rating in a research note on Friday, May 17th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold”.

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

The firm has a market cap of $25.26 billion, a P/E ratio of 31.55 and a beta of 1.47. The firm has a fifty day moving average of $3.26 and a 200-day moving average of $3.11.

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) last announced its quarterly earnings results on Wednesday, March 27th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.01. The business had revenue of $5.19 billion for the quarter, compared to the consensus estimate of $5.08 billion. H & M Hennes & Mauritz AB (publ) had a return on equity of 20.67% and a net margin of 4.02%. Equities research analysts expect that H & M Hennes & Mauritz AB will post 0.16 earnings per share for the current year.

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

The business also recently disclosed a dividend, which was paid on Tuesday, May 28th. Stockholders of record on Tuesday, May 7th were issued a $0.062 dividend. The ex-dividend date was Monday, May 6th. This is a boost from H & M Hennes & Mauritz AB (publ)’s previous dividend of $0.06. H & M Hennes & Mauritz AB (publ)’s dividend payout ratio (DPR) is 72.73%.

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.