Hennes & Mauritz AB Class B
HM B: XSTO (SWE)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
SEK 955.00 | Cqsf | Ljzfphyd |
H&M Earnings: Operating Margin Target of 10% for 2024 Dropped; Shares Fairly Valued
We are maintaining our fair value estimate for no-moat H&M as the company reported flat revenue at constant exchange rates and operating margin came under pressure somewhat due to higher sales, general, and administrative expenses. Gross margin improved slightly.