H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) Hits New 12-Month Low – What’s Next?

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) shares hit a new 52-week low during trading on Tuesday . The stock traded as low as $2.46 and last traded at $2.61, with a volume of 362464 shares. The stock had previously closed at $2.62.

Analysts Set New Price Targets

A number of brokerages recently commented on HNNMY. Redburn Atlantic downgraded H & M Hennes & Mauritz AB (publ) from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 31st. Royal Bank of Canada downgraded shares of H & M Hennes & Mauritz AB (publ) from a “moderate buy” rating to a “hold” rating in a report on Tuesday, November 26th. Finally, Barclays upgraded shares of H & M Hennes & Mauritz AB (publ) to a “strong-buy” rating in a report on Friday, September 27th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, H & M Hennes & Mauritz AB (publ) currently has a consensus rating of “Moderate Buy”.

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

The firm’s 50-day moving average price is $2.79 and its 200 day moving average price is $3.04. 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 company has a market cap of $18.48 billion, a price-to-earnings ratio of 21.75 and a beta of 1.43.

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

The business also recently announced a dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 8th were 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 of this dividend was Friday, November 8th. H & M Hennes & Mauritz AB (publ)’s dividend payout ratio (DPR) is 58.33%.

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.