Hugo Boss (OTCMKTS:BOSSY) Sees Strong Trading Volume – What’s Next?

Hugo Boss (OTCMKTS:BOSSY) saw an uptick in trading volume on Monday . Approximately 2,000 shares traded hands 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.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Citigroup reissued a “neutral” rating on shares of Hugo Boss in a research note on Wednesday, August 5th. Berenberg Bank upgraded Hugo Boss to a “strong-buy” rating in a research report on Tuesday, August 11th. Finally, DZ Bank downgraded Hugo Boss from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 12th. One research analyst has rated the stock with a Strong Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Hugo Boss Stock Down 1.6%

The company has a quick ratio of 0.64, a current ratio of 1.56 and a debt-to-equity ratio of 0.55. The company’s fifty day moving average price is $8.69 and its 200-day moving average price is $8.63. The stock has a market capitalization of $3.06 billion, a PE ratio of 11.97 and a beta of 0.54.

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