Hugo Boss (OTCMKTS:BOSSY) Sees Strong Trading Volume – Time to Buy?

Hugo Boss (OTCMKTS:BOSSY) saw unusually-strong trading volume on Monday . 2,000 shares were traded during trading, an increase of 23% from the previous session’s volume of 1,625 shares.The stock last traded at $8.8595 and had previously closed at $9.00.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on BOSSY. Berenberg Bank raised shares of Hugo Boss to a “strong-buy” rating in a research report on Tuesday, August 11th. Citigroup reaffirmed a “neutral” rating on shares of Hugo Boss in a research report on Wednesday, August 5th. Finally, DZ Bank cut Hugo Boss from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Hugo Boss presently has a consensus rating of “Hold”.

Hugo Boss Trading Up 0.3%

The firm has a market cap of $3.07 billion, a P/E ratio of 12.01 and a beta of 0.54. The business’s 50 day moving average is $8.68 and its 200-day moving average is $8.64. 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 posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.34). The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. Hugo Boss had a net margin of 5.34% and a return on equity of 14.36%. As a group, analysts forecast that Hugo Boss will post 0.63 earnings per share 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.