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    HM B   SE0000106270

HENNES & MAURITZ AB

(HM B)
  Report
Real-time Estimate Cboe Europe  -  11:25 2022-09-28 am EDT
105.90 SEK   -0.41%
09/26Buybacks of shares by H&M during week 38, 2022
AQ
09/23Blackhawk Network Partners with H&M to Launch B2B Gift Card Program
AQ
09/21H&M : RBC gives a Buy rating
MD
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Marketmind: This is going to hurt

06/30/2022 | 02:52am EDT
FILE PHOTO: Preview of the illumination at ECB headquarters for the Euro's 20th anniversary in Frankfurt

A look at the day ahead in markets from Julien Ponthus.

Investors on recession watch learnt little they didn't already know from the world's top central bankers gathered at the European Central Bank's annual conference in Portugal.

Fighting inflation is the top priority and avoiding a recession comes second, they made clear, with U.S. Fed Chair Jerome Powell acknowledging that some "pain" would be involved in the process.

"Certainly, there's a risk", central banks will tighten monetary policy too quickly, Powell told an audience well too aware of the risks involved in fighting a historic inflation surge.

And indeed, the first half of 2022 constitutes the worst semester for Wall Street's S&P 500 since the 2008 financial crisis and even beats Black Monday's H2 1987, which saw the benchmark fall by 18.7%.

With just one session left to go, the U.S. index is set for a decline of 20% over the past six months, a plunge, matched only twice during the past 50 years.

Now, with fast-dropping consumer morale and the U.S. economy contracting more than previously estimated in the first quarter, the question is: how deep is the bottom of this bear market?

Well, by the look of Asian markets ending the quarter in a sombre mood and plunging European and U.S. stock futures this morning, the future doesn't look promising.

What happens if investors, who bought a net $195 billion of stocks this year despite the selloff, suddenly head for the exits if earnings expectations are finally revised downwards?

Macro data is also weakening. Japan's factory output posted its biggest monthly drop in two years while New Zealand business sentiment fell again in June.

Graphic: S&P,

Key developments that should provide more direction to markets on Thursday:

- China's factory, service sectors shake off 3 months of lockdown pain

- OPEC+ meets with little prospect of pumping more oil

- Swiss May retail sales down 1.6% yr/yr

- UK posts record current account gap, economy grew as previously thought in Q1

- Kraft Heinz pulls products from UK retailer Tesco in pricing row

- Germany May retail sales, May import prices, June unemployment data, June preliminary CPI

- U.S. PCE index

- Colombia central bank meeting

- Swedish Riksbank meeting; Monetary policy report to be published at 0730 GMT

(Reporting by Julien Ponthus)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
HENNES & MAURITZ AB -0.70% 105.58 Delayed Quote.-40.29%
J SAINSBURY PLC -3.65% 182.25 Delayed Quote.-31.44%
RECKITT BENCKISER GROUP PLC -0.95% 6034 Delayed Quote.-3.88%
WALGREENS BOOTS ALLIANCE, INC. 0.89% 32.75 Delayed Quote.-37.33%
All news about HENNES & MAURITZ AB
09/26Buybacks of shares by H&M during week 38, 2022
AQ
09/23Blackhawk Network Partners with H&M to Launch B2B Gift Card Program
AQ
09/21H&M : RBC gives a Buy rating
MD
09/19Swedish Delivery Companies Instabox, Budbee Agree EQT, Creades, H&M-Backed Merger
MT
09/19Buybacks of shares by H&M during week 37, 2022
AQ
09/19HENNES & MAURITZ AB : Share buyback
CO
09/16H&M : Deutsche Bank sticks Neutral
MD
09/16H&M : Receives a Sell rating from JP Morgan
MD
09/16H&M : Goldman Sachs remains a Sell rating
MD
09/15H&M : JP Morgan gives a Sell rating
MD
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Analyst Recommendations on HENNES & MAURITZ AB
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Financials
Sales 2022 220 B 19 326 M 19 326 M
Net income 2022 10 160 M 893 M 893 M
Net Debt 2022 3 918 M 344 M 344 M
P/E ratio 2022 17,3x
Yield 2022 6,13%
Capitalization 175 B 15 338 M 15 338 M
EV / Sales 2022 0,81x
EV / Sales 2023 0,79x
Nbr of Employees 155 000
Free-Float 43,6%
Chart HENNES & MAURITZ AB
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Hennes & Mauritz AB Technical Analysis Chart | MarketScreener
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Technical analysis trends HENNES & MAURITZ AB
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 26
Last Close Price 106,34 SEK
Average target price 124,69 SEK
Spread / Average Target 17,3%
EPS Revisions
Managers and Directors
Gudrun Helena Lundberg Helmersson Chief Executive Officer
Adam Gustav Karlsson Chief Financial Officer
Karl-Johan Erling Persson Chairman
Alan Boehme Chief Technology Officer
Anders Gunnar Dahlvig Independent Director
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