|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||160.30 - 164.66|
|52 Week Range||117.10 - 218.20|
|Beta (3Y Monthly)||1.01|
|PE Ratio (TTM)||20.80|
|Forward Dividend & Yield||4.85 (2.99%)|
|1y Target Est||134.83|
Sep.17 -- Hennes & Mauritz AB shares rose the most in 17 years after the ailing Swedish fashion retailer reported sales growth that surprised analysts. Bloomberg Intelligence's Charles Allen reports on "Bloomberg Markets: European Close."
Hennes & Mauritz AB (HM-B.SK) took a further step in its online expansion Monday, entering a global partnership with Swedish online-payment provider Klarna Holding AB while also making an equity investment in the company. ’s digital and physical stores further integrated with the partnership powering the H&M Club payment program, provide an enhanced omni-channel customer payment offering, and a streamlined post-purchase service in the H&M app, among other services. The fashion retailer has been investing heavily in expanding its online presence and implementing new logistics systems as it grapples with a shift in consumer behaviour that has seen fewer shoppers through the doors of its physical stores.
The stock jumped Thursday after the clothing chain—formally H&M Hennes & Mauritz—announced third-quarter numbers slightly better than analysts had feared. The stock also rallied last week, when H&M posted key sales figures.
With short interest still at elevated levels and buyout speculation swirling, it didn’t take much to send Hennes & Mauritz AB’s shares soaring on Thursday. Positive comments on gross margins and on reducing the retailer’s bloated inventory caused sellers who have pushed the stock down almost a third in the past year to take cover. While third-quarter earnings were weaker than expected, analysts pointed to H&M’s outlook for a slightly positive market situation for external factors in the fourth quarter.
Earnings from retailer H&M that encouraged investors and a plan by Austria’s Lenzing to halt its US expansion for now were the corporate highlights on Thursday.
Hennes & Mauritz AB’s (HM-B.SK) net profit slumped 19% in the third quarter as the fashion retailer continues to invest heavily in expanding online and implementing new logistics systems, but the company reaffirmed that its turnaround efforts are starting pay off. The company posted a net profit of 3.1 billion Swedish kronor ($352 million) for the quarter ended Aug. 31, compared with SEK3.84 billion a year earlier. said H&M is continuing efforts to better align its assortment with customer demand using big data to find the optimal balance between fashion, quality and price.
Hennes & Mauritz AB shares rose the most in 17 years after the ailing Swedish fashion retailer reported sales growth that surprised analysts. Bloomberg Intelligence's Charles Allen reports on "Bloomberg ...
Shares in Hennes & Mauritz surged more than 13% after the fashion retailer reported stronger-than-expected quarterly sales, a sign its turnaround efforts could be starting to bear fruit.
STOCKHOLM--Swedish fashion retailer Hennes & Mauritz AB (HM-B.SK) said Monday that sales rose in the third quarter as it continues to revamp its logistics infrastructure required to speed up the supply chain and integrate online and store operations. has lagged behind competitors in the move to online sales, but its transition to adapt to the industry shift is starting to bear fruit and contributed to improving sales and increased market share in many markets in the third quarter, it said. “However, sales and cost development in some of the group’s important markets such as the U.S., France, Italy and Belgium were in the third quarter considerably affected by the issues that emerged during the implementation of new logistics systems in the spring,” the company said in a statement.
Hennes & Mauritz AB shares rose the most in 17 years after the ailing Swedish fashion retailer reported sales growth that took analysts by surprise, boosting optimism the H&M chain may have turned the corner. H&M reported third-quarter revenue growth that exceeded the highest analyst estimate as it offered discounts to clear out inventory and received a boost from the weak krona. The gain is the first glimmer of a turnaround at H&M, which has been struggling to reduce a record position of unsold garments.
Hennes & Mauritz AB’s sales rose in the third quarter as the Swedish fashion retailer offered discounts to clear out inventory and received a boost from the weak krona.
The past six months have been a period of relative calm for the average price target for Hennes & Mauritz AB. It may not stay that way for long if the Swedish clothing retailer fails to show a turnaround this fall. “H&M will probably miss its targets significantly also this year and will find it difficult to defend their forecasts going forward.
The world’s second-largest fashion chain by sales has fallen behind as consumers have moved online. Despite a big decline, the stock hasn’t priced in the new reality.
Hennes & Mauritz AB struggled to deliver new items to its stores in the latest quarter, forcing it to cut prices even more to clear out unsold clothing. The company reported earnings that fell for a fourth consecutive quarter as stored goods swelled to a record $4 billion. The Swedish retailer started introducing a new logistics system to speed up shipments, but ran into snags that interrupted deliveries to markets including the U.S. and France, as well as slowing down online sales in the Nordic region.
Hennes & Mauritz AB is reeling from discounts that are eroding sales as the struggling Swedish clothing retailer tries to reduce a record level of inventory. Revenue excluding tax rose 1.2 percent to 51.9 billion kronor ($5.9 billion), missing the average analyst estimate. “It’s worrying,” said Magnus Raman, an analyst at Handelsbanken.
Canada Goose Holdings Inc will open its first stores in Beijing and Hong Kong, reaching directly to customers who have been buying its luxury coats online and at department stores. The company will partner with ImagineX Group, the Hong Kong-based retail and brand management company, to run the stores, which are expected to open this fall, it said in a statement on Thursday. It will also partner with Alibaba Group Holding Ltd's giant online marketplace Tmall to expand its e-commerce operations, following a pilot project it started early this year, and establish a regional head office in Shanghai, it said.