H&M Hennes & Mauritz AB Shareholder Update

H&M Hennes & Mauritz AB, a Swedish clothing retailer, has experienced significant developments in recent days. The company’s largest shareholder, the Persson family, has acquired 8.5 million shares, valued at approximately 1.1 billion kronor.

• The acquisition has increased the family’s ownership stake to 64.7% of the company’s capital and 83% of its voting rights.
• The Persson family has a history of regularly purchasing shares in the company.

Analyst Forecasts

Analysts have revised their forecasts for H&M’s stock price. Key updates include:

• RBC has lowered its target price to 145 kronor.
• Barclays has also reduced its target price to 134 kronor.
• The majority of analysts recommend holding onto the stock, with an average target price of around 134 kronor.

This suggests a relatively stable outlook for the company, despite some downward revisions.