H&M Investors Confident of Sales Delivery, But 4Q Could Be Weaker -- Market Talk

Dow Jones

2025/11/21

0859 GMT - H&M is starting to deliver a more sustainable investment proposition as investor confidence in sales delivery is compounded by positive gross margin and operating expenditure drivers, Deutsche Bank analyst Adam Cochrane writes. Shares have gained more than 17% year-to-date despite a near-15% cut to consensus EPS forecasts over the period, he adds. However, the bank says recent data, combined with weather patterns and peer commentary, suggests that October and even November may not be as strong as hoped, pointing to sequentially weaker fourth-quarter sales. Deutsche Bank lowers its target price on the stock to 155 Swedish kronor from 160 kronor and retains hold rating. Shares trade flat at 171.45 kronor. (dominic.chopping@wsj.com)

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November 21, 2025 04:00 ET (09:00 GMT)

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Shares have gained more than 17% year-to-date despite a near-15% cut to consensus EPS forecasts over the period, he adds. However, the bank says recent data, combined with weather patterns and peer commentary, suggests that October and even November may not be as strong as hoped, pointing to sequentially weaker fourth-quarter sales. Deutsche Bank lowers its target price on the stock to 155 Swedish kronor from 160 kronor and retains hold rating. Shares trade flat at 171.45 kronor. 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Shares have gained more than 17% year-to-date despite a near-15% cut to consensus EPS forecasts over the period, he adds. However, the bank says recent data, combined with weather patterns and peer commentary, suggests that October and even November may not be as strong as hoped, pointing to sequentially weaker fourth-quarter sales. Deutsche Bank lowers its target price on the stock to 155 Swedish kronor from 160 kronor and retains hold rating. Shares trade flat at 171.45 kronor. 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","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"ISBC":"投资者银行","HMRZF":"Hennes & Mauritz AB"},"translate_title":"H&M投资者对销售交付充满信心，但第四季度可能会疲软——市场传言","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ISBC":1.5,"HMRZF":1.5},"content_text":"0859 GMT - H&M is starting to deliver a more sustainable investment proposition as investor confidence in sales delivery is compounded by positive gross margin and operating expenditure drivers, Deutsche Bank analyst Adam Cochrane writes. Shares have gained more than 17% year-to-date despite a near-15% cut to consensus EPS forecasts over the period, he adds. However, the bank says recent data, combined with weather patterns and peer commentary, suggests that October and even November may not be as strong as hoped, pointing to sequentially weaker fourth-quarter sales. Deutsche Bank lowers its target price on the stock to 155 Swedish kronor from 160 kronor and retains hold rating. Shares trade flat at 171.45 kronor. (dominic.chopping@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 21, 2025 04:00 ET (09:00 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}