Hugo Boss (OTCMKTS:BOSSY) Sees Large Volume Increase – What’s Next?

Shares of Hugo Boss (OTCMKTS:BOSSY) saw strong trading volume on Monday . Approximately 4,510 shares traded hands during mid-day trading, an increase of 176% from the previous session’s volume of 1,633 shares.The stock last traded at $8.85 and had previously closed at $8.81.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on 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. Berenberg Bank raised shares of Hugo Boss to a “strong-buy” rating in a research report on Tuesday, August 11th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Hugo Boss in a research note on Wednesday, August 5th. One research 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, the company presently has an average rating of “Hold”.

Hugo Boss Price Performance

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 company has a 50 day simple moving average of $8.69 and a 200 day simple moving average of $8.64. The stock has a market cap of $3.05 billion, a P/E ratio of 11.96 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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.34). The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.03 billion. Hugo Boss had a net margin of 5.34% and a return on equity of 14.36%. Sell-side analysts forecast that Hugo Boss will post 0.63 earnings per share for the current fiscal 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.