Hugo Boss (OTCMKTS:BOSSY) Shares Up 7.7% – Still a Buy?

Hugo Boss (OTCMKTS:BOSSY)’s share price shot up 7.7% during mid-day trading on Friday . The company traded as high as $9.39 and last traded at $9.39. 836 shares traded hands during mid-day trading, a decline of 57% from the average session volume of 1,950 shares. The stock had previously closed at $8.72.

Analyst Ratings Changes

Separately, Citigroup reissued a “neutral” rating on shares of Hugo Boss in a research note on Monday, May 11th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Hugo Boss Stock Performance

The firm has a market cap of $3.24 billion, a PE ratio of 12.04 and a beta of 0.54. The firm has a 50-day moving average price of $8.57 and a two-hundred day moving average price of $8.55. The company has a quick ratio of 0.64, a current ratio of 1.56 and a debt-to-equity ratio of 0.55.

Hugo Boss (OTCMKTS:BOSSY) last released its earnings results on Tuesday, May 5th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.19). The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Hugo Boss had a net margin of 5.56% and a return on equity of 15.66%. Research analysts forecast that Hugo Boss will post 0.65 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.