H&M’s Persson Family Takes Control

In a move that sends a clear message to investors, the Persson family, H&M’s largest shareholder, has made a massive purchase of 8.5 million shares, valued at a staggering 1.1 billion kronor. This strategic acquisition has catapulted the family’s ownership stake to a commanding 64.7% of the company’s capital and a whopping 83% of its voting rights.

The Persson family’s history of regularly buying shares in H&M suggests a long-term commitment to the company’s success. This latest move is a clear indication that they are not only confident in the company’s prospects but also willing to take a more active role in shaping its future.

Analysts Reassess H&M’s Stock Price

Meanwhile, analysts have been revising their forecasts for H&M’s stock price, with some notable downward revisions. RBC has lowered its target price to 145 kronor, while Barclays has also reduced its target price to 134 kronor. However, the majority of analysts remain optimistic, recommending that investors hold onto the stock with an average target price of around 134 kronor.

This mixed bag of opinions suggests that while there may be some short-term volatility, the overall outlook for H&M remains relatively stable. The company’s strong brand presence, diversified product offerings, and commitment to sustainability have all contributed to its enduring success.

Key Takeaways

• The Persson family’s acquisition of 8.5 million shares has increased their ownership stake to 64.7% of H&M’s capital and 83% of its voting rights.
• Analysts have revised their forecasts for H&M’s stock price, with some notable downward revisions.
• The majority of analysts recommend holding onto the stock, with an average target price of around 134 kronor.
• H&M’s strong brand presence, diversified product offerings, and commitment to sustainability have contributed to its enduring success.