H&M stock: Jefferies keeps target for H&M stock at SEK 160.00

Published on 10/21/2026 at 16:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Profit reached SEK 6,037 million in the quarter. H&M stock costs EUR 15.57 on October 21, 2026, plus 0.71 percent versus Xetra close.

Analyst target and results

Jefferies kept its SEK 160.00 target on October 9, 2026.
Third-quarter operating profit reached SEK 6,037 million on August 31, 2026.
H&M stock costs EUR 15.57 at Lang & Schwarz on October 21, 2026, plus 0.71 percent versus the Xetra close.
H&M is scheduled to publish its full-year report on January 28, 2027.

H & M Hennes & Mauritz AB, SE0000106270, Illustration mit AI erstellt.

H&M stock is trading against a SEK 160.00 Jefferies target after the research firm kept its Hold rating on October 9, 2026. The target was 7.38 percent below H&M's SEK 172.75 Nasdaq Stockholm quote at 4:27 p.m. CEST on October 21, 2026. At Lang & Schwarz, the share stood at EUR 15.57 on October 21, 2026 at 6:14 p.m. CEST, plus 0.71 percent versus the Xetra close of October 20, 2026 at EUR 15.46.

Third-quarter profit improves

H&M's latest reported quarter showed a sharper rise in profit than in sales. In its nine-month report published on September 24, 2026, H&M Group said third-quarter operating profit rose to SEK 6,037 million from SEK 4,914 million in the same quarter of 2025. That was a 22.90 percent increase, while net sales reached SEK 57,189 million from SEK 57,017 million.

The operating margin reached 10.60 percent in the June to August 2026 quarter, compared with 8.60 percent a year earlier. H&M said one-time effects from tariffs and goods imports contributed 1.60 percentage points to the quarterly margin, which makes the underlying improvement less straightforward than the headline profit increase.

The price stays below the yearly high

The EUR 15.57 Lang & Schwarz quote was 13.65 percent above the 52-week low of EUR 13.70 and 14.83 percent below the 52-week high of EUR 18.28, with the range dated October 21, 2026. The primary Nasdaq Stockholm quote was SEK 172.75 at 4:27 p.m. CEST, with a market capitalization of SEK 242.2 billion and a price-earnings ratio of 20.92.

Valuation and next reporting date

The nine-month report showed operating profit of SEK 13,462 million, up from SEK 12,031 million in the first nine months of 2025, while the operating margin improved to 8.30 percent from 7.10 percent. The same report set the next full-year reporting date at January 28, 2027, for the financial year ending November 30, 2026.

Comparison with peers

H&M: plus 0.71 percent, price-earnings ratio 20.92, market capitalization SEK 242.2 billion.

Inditex (Madrid, EUR): minus 0.25 percent, price-earnings ratio 27.48, market capitalization EUR 175.7 billion.

Fast Retailing (Tokyo, JPY): minus 0.20 percent, price-earnings ratio 42.58, market capitalization JPY 23.1 trillion.

Stock position

For investors, the contrast is clear: H&M's latest operating figures improved, but the Jefferies target remained below the Stockholm quote. The next major scheduled company date is January 28, 2027.

The further course of trading is shown by the continuously updated real-time quote of H&M stock.