Hugo Boss (OTCMKTS:BOSSY) Upgraded to “Strong-Buy” at Berenberg Bank

Berenberg Bank upgraded shares of Hugo Boss (OTCMKTS:BOSSY) to a strong-buy rating in a research note published on Tuesday,Zacks.com reports.

Other equities research analysts also recently issued research reports about the stock. DZ Bank downgraded shares of Hugo Boss from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 12th. Citigroup reiterated a “neutral” rating on shares of Hugo Boss in a research note on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Hugo Boss presently has an average rating of “Hold”.

Hugo Boss Stock Performance

Hugo Boss stock opened at $9.00 on Tuesday. The stock has a market cap of $3.04 billion, a P/E ratio of 12.16 and a beta of 0.54. The company has a current ratio of 1.56, a quick ratio of 0.64 and a debt-to-equity ratio of 0.55. The stock has a 50 day moving average of $8.64 and a 200-day moving average of $8.60. Hugo Boss has a 52 week low of $8.00 and a 52 week high of $10.08.

Hugo Boss (OTCMKTS:BOSSY) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.34). The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. Hugo Boss had a return on equity of 14.36% and a net margin of 5.34%. On average, analysts expect that Hugo Boss will post 0.63 EPS for the current fiscal year.

Hugo Boss Company Profile

Hugo Boss AG is a German luxury fashion group that designs, produces and distributes a broad range of apparel, accessories and footwear under its two core brands, BOSS and HUGO. The company’s product portfolio spans men’s and women’s business wear, casual collections and athleisure, as well as fragrances, eyewear and leather goods. Hugo Boss operates through a multi-channel network that includes directly operated retail stores, e-commerce platforms and wholesale partnerships with department stores and specialty retailers.

Founded in 1924 by Hugo Ferdinand Boss and headquartered in Metzingen, Germany, the company originally produced workwear and uniforms before pivoting to high-end fashion in the latter half of the 20th century.