HM-B.ST - H & M Hennes & Mauritz AB (publ)

Stockholm - Stockholm Real Time Price. Currency in SEK
-1.35 (-0.98%)
At close: 5:29PM CEST
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Previous Close137.90
Bid136.75 x 0
Ask136.95 x 0
Day's Range136.50 - 139.85
52 Week Range98.13 - 214.35
Avg. Volume5,285,489
Market Cap252.545B
Beta (5Y Monthly)1.13
PE Ratio (TTM)45.13
EPS (TTM)3.03
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateNov 11, 2019
1y Target Est133.09
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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    • Reuters

      Patchy demand at stores spells more pain for garment suppliers

      Fashion brands and retailers re-opening around the world to patchy demand, and carrying unsold stock from spring have cut fall orders by as much as two-thirds in moves spelling more pain for Asian suppliers.

    • Financial Times

      H&M suffers steep loss as pandemic hits sales

      Hennes & Mauritz suffered a large loss in the second quarter due to Covid-19 closing most of its stores but the world’s second-largest fashion retailer said sales had recovered faster than expected in June. At the peak of the Covid-19 pandemic in its main markets of Europe and the US, four in five of H&M’s stores were closed and its weekly sales dropped 70 per cent. But since the middle of April sales have gradually recovered as stores have reopened, while H&M’s online business has enjoyed a considerable boost — rising 36 per cent in the second quarter. Helena Helmersson, H&M’s new chief executive, told the Financial Times that the world was “so unpredictable”, with restrictions in place on matters such as opening hours and use of fitting rooms even in countries where stores had reopened.

    • H&M Prepares Debut Bond Issue as Pandemic Hammers Retailers

      H&M Prepares Debut Bond Issue as Pandemic Hammers Retailers

      (Bloomberg) -- Swedish clothing retailer Hennes & Mauritz AB is laying the groundwork for a debut issue of bonds after store closures and weak consumption due to the pandemic led to its first loss in at least a decade.The company also said Friday it set up an extra commercial paper program to be able to borrow in currencies other than Swedish kronor. H&M said it’s ensuring financial flexibility in a challenging market where business opportunities may arise.Companies around the world are rushing to the bond market to raise more money than ever before, spurred by low rates. June is on track to be one of the busiest months ever for U.S. high-yield issuance, contributing to a global corporate sales tally nearing $2 trillion.“It’s about increasing our toolbox,” said H&M Chief Financial Officer Adam Karlsson in a TV interview. “It’s more of a long-term plan.”For now, opportunities for H&M look scarce. Europe’s second-largest clothing chain operator cut this year’s store opening plan and now expects 40 net closures rather than an increase of 35 shops. Inventory remains a perennial problem at 40 billion kronor ($4 billion), a record level in relation to annual sales. The retailer warned it needs to offer bigger discounts this quarter, which will erode profitability.Shares of H&M dropped as much as 3.7% in Stockholm. They have lost a quarter of their value this year.How Covid-19 Is Exacerbating the Churn in Retailing: QuickTakeWhile 80% of H&M stores had to shut in the middle of April, most have since reopened and only 7% remain closed. However, many shops have local restrictions to maintain hygiene and shorter opening hours.H&M’s pretax loss amounted to 6.48 billion kronor in the three months through May, worse than analysts expected. The sales decline has moderated to 25% so far this month from 50% in the second quarter, and the company said the bounceback is better than expected.The retailer has been taking measures to shore up cash, which stood at 12.7 billion kronor at the end of May. Earlier this year, H&M canceled its dividend.The company also said it hasn’t made any decision about a first bond issue.(Updates with CFO comment in fourth paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

    • H&M Plans to Close More Stores as First-Half Profit Drops

      H&M Plans to Close More Stores as First-Half Profit Drops

      The Swedish retailer will speed up store closures while reducing planned openings, leading to a net decline of 40 this year.

    • Clothing Brand Zara Is Boarding The E-Commerce Train

      Clothing Brand Zara Is Boarding The E-Commerce Train

      Industria de Diseno Textil SA (OTCPK: IDEXF), known as Inditex which owns the clothing brand, Zara, announced it will close up to 1,200 stores over the next two years as it will focus its efforts on the booming e-commerce. To be precise, it will invest over 1 billion euros as far as the platform is concerned. But overall, it will invest $3 billion to make it easier for customers to blur the lines between online and in-store shopping. The company is determined to make its footprint in this thriving segment.Although the lockdown measures will ease, COVID-19 will not vanish overnight. Analysts believe that e-commerce is here to stay. Inditex, which also owns Massimo Dutti, expects online sales across the group to account for 25% of its overall sales by 2022.COVID-19 Has Changed The Landscape The group is also spending $1.7 billion on upgrading its stores to become more integrated with its online platform by deploying advanced technology solutions. Inditex has nearly 7,500 stores in 96 countries. It has expanded at a rapid rate over the past decade-and-a-half all over the globe. Due to the lockdown, only 965 of its stores remained open at the end of the first quarter. But during that time, online sales surged by 95% resulting in a 50% overall increase during the first quarter. Fortunately, the retailer was expanding its online business before the pandemic swept the globe.COVID-19 will have a long-term impact on retail and consumer behavior. The dot-com boom was chapter one, and chapter two is all about e-commerce.COVID-19 Challenges Proved Its Agility On Wednesday, the retail group reported plunging first-quarter that resulted in its first-ever loss. Store closures led to a 287 million euro write-off on unsold stock.But it managed to keep inventory 10% lower which is a testament to its short lead times and ability to react quickly to changes in demand. It is a known fact that Zara's business model is successful due to its strategic supply chain management that is efficient and tailored to deliver results faster than others. Zara is the world's largest and most valuable clothing retailer for a reason.Competitors There are many battles to be fought. One is the eternal battle with H&M, HENNES & MAURIT/ADR (OTCPK: HNNMY), the world's second-largest retailer, but there are many others who try to imitate its concept. In contrast, H&M said its stocks of unsold goods had grown to just above $4.2 billion at the end of April, which is 41 billion Swedish crowns whereas it was 37.2 billion at the end of February and 40 billion a year earlier. H&M's local currency sales had tumbled 57% since the start of March resulting in its first quarterly loss in many decades. COVID-19 has put everyone in the same boat.On Tuesday, Inditex was also hit by Tata, its Indian partner for nearly a decade, who decided to go at it alone but at half the price. Its Swedish rival Hennes & Mauritz recently struck a deal with two of India's biggest online players, Myntra and So, despite lacking in maturity, everyone is going full speed in an attempt to board on the e-commerce train.U.S. Retail If we look at the U.S. market, discount retailers seem to have a better shot at overcoming the crisis as unprecedented levels of employment diminished consumer buying power. But EU giant retailers at least didn't collapse like their US peers. For example, the TJX Companies Inc (NYSE: TJX) delivered a stinker of first-quarter earnings report due to also closing its e-commerce site. But at least the troubled Macy's is rallying after meeting its own estimates on June 9th. Although it hasn't got much to celebrate with a shrinking market share, at least it secured debt to ensure the liquidity it needs to put bankruptcy off the table.Zara's In For The Win Unlike the general 4Ps: Product, Price, Promotion, and Place, Zara got this far with its 4Es: Experience, Exchange, Evangelism, and Every place strategies. And queues in front of its stores on the first day of the eased lockdown measures only confirm the strength of its competitive advantage. Its success story gained its place in history. But is it enough to stay ahead of piling up competitors? Only time will tell.This article is not a press release and is contributed by a verified independent journalist for IAMNewswire. It should not be construed as investment advice at any time please read the full disclosure . IAM Newswire does not hold any position in the mentioned companies. Press Releases - If you are looking for full Press release distribution contact: Contributors - IAM Newswire accepts pitches. If you're interested in becoming an IAM journalist contact: contributors@iamnewswire.comThe post Even Zara Needs to Board the E-Commerce Train appeared first on IAM Newswire.See more from Benzinga * How COVID-19 Has Demonstrated The Value Of Renewable Energy * Volkswagen Cuts Costs, Targets Electric Future * Tesla Bolsters EV Enthusiasm With German Factory(C) 2020 Benzinga does not provide investment advice. All rights reserved.

    • Has the Worst Passed for Fast Fashion?

      Has the Worst Passed for Fast Fashion?

      H&M and Inditex have both signaled improving sales but does the second hand market pose a threat to the retailers?

    • Reuters

      H&M closes U.S. stores amid protests, says it stands behind black community

      H&M, the world's second-biggest fashion retailer, said on Tuesday it had temporarily closed 95 of its stores in the United States because of the violent protests following the death of George Floyd in police custody. "We have closed 95 stores temporarily due to the protests," an H&M spokesman told Reuters.

    • The Twitter response to J.Crew’s filing for bankruptcy has been savage — but there is a point being made

      The Twitter response to J.Crew’s filing for bankruptcy has been savage — but there is a point being made

      The unraveling of J.Crew has spun many Twitter threads, from fans mourning the possible end of an iconic American brand to those dancing on the preppy label’s grave. J.Crew Group Inc. filed for bankruptcy protection on Monday, saddled with $1.65 billion in debt (which is being converted into equity) and claiming that store closures during the COVID-19 pandemic will cost it $900 million in sales. The news led J.Crew to top Google (GOOG) searches and to go viral on Twitter (TWTR) as one of the first major retail casualties of the coronavirus outbreak that has essentially shut down the U.S. economy.

    • Reuters

      CORRECTED-Service with a (masked) smile as Germany reopens stores

      The eyes of the retail world are on Germany, the first major Western economy to start reopening bigger stores. Global chains including H&M, Adidas, IKEA and Puma are trialling pandemic procedures which will also be used in other markets. Issues include how to keep customers at a safe distance apart, with changing rooms a particular headache.

    • Coronavirus could trigger the end of fast fashion: Jefferies analyst
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    • Reuters

      Norway's unemployment soars to record 14.7% of work force

      Norway's rate of unemployment rose sixfold in March to 14.7%, the Labour and Welfare Agency (NAV) said on Friday, the highest level on record as the economy ground to a halt amid efforts to curb the coronavirus pandemic.

    • Reuters

      European shares dip as corporate pain from coronavirus outbreak grows

      European stock markets headed lower on Friday, erasing meagre gains for the week, as more companies flagged a hit to business from the coronavirus pandemic, foreshadowing a deeper earnings recession ahead of the reporting season. The pan-European STOXX 600 index was down 0.2% at 0705 GMT, with energy stocks tracking a slide in oil prices as investors grew doubtful about a Saudi-Russia deal that U.S. President Donald Trump said he had brokered. Zurich Insurance Group AG, AXA SA, Munich Re and Prudential fell between 1.9% and 4.2% after the European Union's insurance regulator asked insurers and reinsurers to temporarily suspend dividends and share buybacks.

    • Reuters

      Garment exporter Bangladesh faces $6 bln hit as world retailers cancel orders

      Bangladesh, the second-largest apparel producer after China, is set to lose roughly $6 billion in export revenue this financial year amid cancellations from some of the world's largest brands and retailers, two major industry bodies said on Tuesday. The two groups, which represent the vast majority the readymade garment and knitwear manufacturers in the country, said cancellations were increasing daily amid coronavirus-driven lockdowns globally, and these risked jeopardizing millions of jobs in the poor South Asian nation. Low wages have helped Bangladesh build its garment industry, with some 4,000 factories employing 4 million workers.

    • Reuters

      H&M closes all stores in biggest markets Germany and the United States

      H&M is temporarily closing all its 460 stores in Germany, its number one market for sales, and all 590 in its second largest market the United States, due to the coronavirus outbreak. The world's second-biggest fashion retailer said in a statement it was also closing all its stores in Canada, Portugal and Belgium. H&M has over the past week also closed its stores in Italy Poland, Spain, the Czech Republic, Bulgaria, Belgium, France, Austria, Luxembourg, Bosnia-Herzegovina, Slovenia and Kazakhstan, and also some in Greece.

    • Reuters

      Demand dives at apparel retailers as virus-wary shoppers stay home

      NEW YORK/MADRID, March 13 (Reuters) - As virus-wary shoppers stayed home in the United States and Europe, apparel retailers braced for a blow to sales and a potential inventory glut. U.S. retailers including Macy's Inc, Saks Fifth Avenue and Gap Inc.'s Banana Republic sent notices to shoppers late Thursday saying they were open for business in a move to stem losses due to a steep decline in traffic.

    • Is H & M Hennes & Mauritz AB (publ)'s (STO:HM B) 5.6% Dividend Sustainable?
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      Is H & M Hennes & Mauritz AB (publ)'s (STO:HM B) 5.6% Dividend Sustainable?

      Could H & M Hennes & Mauritz AB (publ) (STO:HM B) be an attractive dividend share to own for the long haul? Investors...

    • Reuters

      Sweden's Klarna dips to first loss after U.S. expansion

      Swedish online lender Klarna, which is backed by rapper Snoop Dogg, reported its first annual loss on Wednesday after a year of expansion in the United States and Europe. This is the first year in which Klarna has posted a loss since it was set-up in 2005, making it an outlier among tech companies which often lose money for years. Klarna, which was Europe's most richly valued financial technology company until it was matched by British banking app Revolut, launched a U.S. shopping app in 2019 and opened a tech hub in Berlin, which employs 500 staff.

    • Reuters

      Forever 21 names former H&M executive as CEO

      Forever 21's new co-owner Authentic Brands Group said on Tuesday it had appointed former H&M executive Daniel Kulle as the new chief executive officer of the bankrupt apparel retailer. Kulle, a two-decade veteran at the Swedish apparel retailer, most recently worked as strategic adviser to former H&M Group Chief Executive Karl-Johan Persson.

    • Thomson Reuters StreetEvents

      Edited Transcript of HM B.ST earnings conference call or presentation 30-Jan-20 1:00pm GMT

      Full Year 2019 H & M Hennes & Mauritz AB Earnings Call

    • Earnings Update: Here's Why Analysts Just Lifted Their H & M Hennes & Mauritz AB (publ) Price Target To kr174
      Simply Wall St.

      Earnings Update: Here's Why Analysts Just Lifted Their H & M Hennes & Mauritz AB (publ) Price Target To kr174

      Shareholders of H & M Hennes & Mauritz AB (publ) (STO:HM B) will be pleased this week, given that the stock price is...

    • What Does H & M Hennes & Mauritz AB (publ)'s (STO:HM B) Share Price Indicate?
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      What Does H & M Hennes & Mauritz AB (publ)'s (STO:HM B) Share Price Indicate?

      Today we're going to take a look at the well-established H & M Hennes & Mauritz AB (publ) (STO:HM B). The company's...

    • Should You Worry About H & M Hennes & Mauritz AB (publ)'s (STO:HM B) CEO Pay?
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      Should You Worry About H & M Hennes & Mauritz AB (publ)'s (STO:HM B) CEO Pay?

      Karl-Johan Persson has been the CEO of H & M Hennes & Mauritz AB (publ) (STO:HM B) since 2009. First, this article...

    • Estimating The Fair Value Of H & M Hennes & Mauritz AB (publ) (STO:HM B)
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      Estimating The Fair Value Of H & M Hennes & Mauritz AB (publ) (STO:HM B)

      Today we will run through one way of estimating the intrinsic value of H & M Hennes & Mauritz AB (publ) (STO:HM B) by...

    • Thomson Reuters StreetEvents

      Edited Transcript of HM B.ST earnings conference call or presentation 3-Oct-19 7:00am GMT

      Q3 2019 H & M Hennes & Mauritz AB Earnings Call

    • Should We Worry About H & M Hennes & Mauritz AB (publ)'s (STO:HM B) P/E Ratio?
      Simply Wall St.

      Should We Worry About H & M Hennes & Mauritz AB (publ)'s (STO:HM B) P/E Ratio?

      This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios...