Berenberg Bank Upgrades Hugo Boss (OTCMKTS:BOSSY) to Strong-Buy

Hugo Boss (OTCMKTS:BOSSY) was upgraded by research analysts at Berenberg Bank to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports.

BOSSY has been the topic of several other research reports. DZ Bank downgraded shares of Hugo Boss from a “strong-buy” rating to a “hold” rating in a report on Friday, June 12th. Citigroup reissued 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 issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

Hugo Boss Stock Up 5.6%

OTCMKTS BOSSY opened at $9.00 on Tuesday. The stock’s 50-day moving average price is $8.64 and its 200-day moving average price is $8.60. 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 has a 52 week low of $8.00 and a 52 week high of $10.08. The company has a market capitalization of $3.04 billion, a P/E ratio of 12.16 and a beta of 0.54.

Hugo Boss (OTCMKTS:BOSSY) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.11 earnings per share 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 analysts’ expectations of $1.03 billion. Hugo Boss had a net margin of 5.34% and a return on equity of 14.36%. On average, equities research analysts predict that Hugo Boss will post 0.63 earnings per share for the current year.

About Hugo Boss

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.