H & M Hennes & Mauritz AB B

H & M Hennes & Mauritz is engaged in the sale of clothing and cosmetics in Sweden and internationally. Co.'s stores offer basics, tailored classics, sportswear, and maternity clothes for women; basics, leisurewear, and seasonal fashions for men; denim and street fashions; and fashion wear for children and teenagers, as well as accessories, underwear, and shoes. Co. also provides makeup and body care products; and home fashion products, which include interior textiles for the bedroom, bathroom, living room, and kitchen. Co. has approximately 3,132 stores, including 110 franchise stores, 85 COS stores, 79 Monki stores, 21 Weekday stores, 8 & Other Stories stores and 3 Cheap Monday stores.
  • TickerHM B
  • ISINSE0000106270
  • ExchangeNasdaq Nordic Stockholm
  • SectorGeneral Retailers
  • CountrySweden

Analysts

Jørgen Lian ...
  • Martin Arnell
  • Mats Bye
  • Nicolay Dyvik
  • Ole Martin Westgaard
  • Ole-Andreas Krohn

Northern Lights

Martin Arnell

Hennes & Mauritz (Sell, TP: SEK115.00) - Costly transformation

We maintain our SELL recommendation ahead of the Q1 earnings results (due on 29 March at 08:00 CET). We expect more earnings pressure from the transformation investment phase and have reduced our 2019e EPS by 3%. Although supply chain investments and free deliveries for a growing H&M Club membership base should strengthen H&M’s competitiveness, it is likely to continue to burden near-term earnings, in our view. We have cut our target price to SEK115 (120) to reflect our new forecasts.

Cedric Rossi

H & M: No surprise to Q1 sales trends and a slight LFL miss | NEUTRAL | SEK175(

H & M - NEUTRAL | SEK175(+27%) No surprise to Q1 sales trends and a slight LFL miss FX-n growth in line with expectations, LFL a touch below All eyes remain on the GM and inventories Neutral recommendation and FV of SEK175 confirmed

Hennes – Proxinvest Corporate Governance Rating ® : D

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

H&M HENNES & MAURITZ AB sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of H&M HENNES & MAURITZ AB (SE), a company active in the Clothing & Accessories industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date February 5, 2019, the closing price was SEK 145.66 and its potential was estimated at SEK 166.56.

Martin Arnell

Hennes & Mauritz (Sell, TP: SEK115.00) - Costly transformation

We maintain our SELL recommendation ahead of the Q1 earnings results (due on 29 March at 08:00 CET). We expect more earnings pressure from the transformation investment phase and have reduced our 2019e EPS by 3%. Although supply chain investments and free deliveries for a growing H&M Club membership base should strengthen H&M’s competitiveness, it is likely to continue to burden near-term earnings, in our view. We have cut our target price to SEK115 (120) to reflect our new forecasts.

Cedric Rossi

H & M: No surprise to Q1 sales trends and a slight LFL miss | NEUTRAL | SEK175(

H & M - NEUTRAL | SEK175(+27%) No surprise to Q1 sales trends and a slight LFL miss FX-n growth in line with expectations, LFL a touch below All eyes remain on the GM and inventories Neutral recommendation and FV of SEK175 confirmed

Martin Arnell

Hennes & Mauritz (Sell, TP: SEK120.00) - Regenerating the brand

Q4 was a mixed bag. The weak earnings trend continued, but inventory improved sequentially, and the proposed DPS for 2018 was stable (albeit ~200% of FCF). Looking ahead, we see less headroom for similar investments in the offering (pricing), which have supported the slight sales improvement of late. We have cut our 2019–2020e EPS by 5%, and keep our SELL recommendation and SEK120 target price.

Cedric Rossi

H & M: Could 2019 be the year of a rebound? | NEUTRAL | SEK175

H & M - NEUTRAL | SEK175(+27%) Could 2019 be the year of a rebound? Newer brands drove growth in 2018 Towards a greater convergence between offline/online channels FY19 Capex expected to be in the range of SEK10.5-11bn Stabilizing margins for FY19?

Ng Adrian

Hennes & Mauritz

1 director bought

A director at H & M Hennes & Mauritz Ab bought 2,041,765 shares at 157.395SEK and the significance rating of the trade was 67/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. T...

Jørgen Lian ...
  • Martin Arnell
  • Mats Bye
  • Nicolay Dyvik
  • Ole Martin Westgaard
  • Ole-Andreas Krohn

Northern Lights

Christer Magnergård ...
  • Frank Maaø
  • Håkon Astrup
  • Jon Masdal
  • Karl-Johan Bonnevier
  • Martin Arnell
  • Martin Huseby Karlsen
  • Mattias Holmberg
  • Mattias Montgomery
  • Ole-Andreas Krohn
  • Paul Harper
  • Rune Majlund Dahl
  • Simen Mortensen

Northern Lights

Christer Magnergård ...
  • Martin Arnell
  • Ole-Andreas Krohn
  • Patrik Ling
  • Simen Mortensen
  • Stefan Gauffin

Northern Lights

Jon Masdal ...
  • Jon Berggren
  • Marius Knudssøn
  • Martin Arnell
  • Martin Huseby Karlsen
  • Ole-Andreas Krohn

Northern Lights

Lovisa Runge ...
  • Martin Arnell
  • Ole Martin Westgaard
  • Ole-Andreas Krohn

Northern Lights

H&M HENNES & MAURITZ AB sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of H&M HENNES & MAURITZ AB (SE), a company active in the Clothing & Accessories industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date February 5, 2019, the closing price was SEK 145.66 and its potential was estimated at SEK 166.56.

Ng Adrian

Hennes & Mauritz

Ng Adrian

Hennes & Mauritz

Ng Adrian

Hennes & Mauritz

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Ng Adrian

Hennes & Mauritz

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Summary Marketline's L Brands Inc Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by L Brands Inc since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage. Key Highlight...

Hennes – Proxinvest Corporate Governance Rating ® : D

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

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