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Chairman of the H & M Board of Directors hands over the shares
H & M's large owner and president, Stefan Persson, bought 3.4 million shares of clothing between Friday and Tuesday.
Brand researcher: "H & M is finally doing something good"
The stock purchase was done via Ramsbury, and was summarized at around 480 million. Persson reportedly reported the purchase of 13.25 million shares for just under 2 billion SEK.
Stefan Persson with his family owns about 46% of the capital and just over 74% of the votes in H & M.
The interim report, which is presented in two weeks, is the level of stocks of H & M that is in sync after a weak sales trend. The photo appears in the commentary of analysts. The news agency recently took part in Friday.
Berenberg notes that weak sales are unlikely and H & M is unlikely to get rid of its overstock. RBC Capital is in the same line:
"Due to the difficult sales trend, we expect the stock to remain high at the end of the second quarter." H & M aims to reduce inventories by proportion of sales from 17% last year to between 12 and 14% in 2019-2022 .We believe that the higher the inventory levels, the higher the risk that customers accustom themselves to waiting for the commercial benefits is high, "writes RBC
RBC also comments on sales during the various months of the second quarter and believes that the march was" extremely difficult "while the month of April was" good ". Can be considered to have started strongly since then weakened in the latter part of the month.
"A slight point for H & M is likely to be development in the north where heat has supported our sales," says RBC. MIT researcher: "H & M will survive and get something new"
Morgan Stanley's initial comment on quarterly sales is that consensus on H & M's results in the second half of June (June-November) seems difficult.
H & M lost 2% on Wednesday and has lost nearly 18% since the beginning of the year
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