Hugo Boss (OTCMKTS:BOSSY) Sees Unusually-High Trading Volume – Still a Buy?

Hugo Boss (OTCMKTS:BOSSY) saw an uptick in trading volume on Tuesday . 1,011 shares traded hands during mid-day trading, a decline of 37% from the previous session’s volume of 1,602 shares.The stock last traded at $9.00 and had previously closed at $8.9450.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Berenberg Bank upgraded Hugo Boss to a “strong-buy” rating in a research report on Tuesday, August 11th. Citigroup reiterated a “neutral” rating on shares of Hugo Boss in a research note 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 analyst has rated the stock with a Strong Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

Hugo Boss Trading Up 0.6%

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 business has a 50 day moving average price of $8.68 and a 200-day moving average price of $8.61. The firm has a market capitalization of $3.04 billion, a PE ratio of 12.16 and a beta of 0.54.

Hugo Boss (OTCMKTS:BOSSY) last announced 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 business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.03 billion. Hugo Boss had a return on equity of 14.36% and a net margin of 5.34%. Analysts expect 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.