Hugo Boss (OTCMKTS:BOSSY) Sees Large Volume Increase – Still a Buy?

Shares of Hugo Boss (OTCMKTS:BOSSY) saw unusually-high trading volume on Monday . Approximately 4,510 shares traded hands during 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

BOSSY has been the subject of a number of analyst reports. DZ Bank lowered Hugo Boss from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 12th. Citigroup reissued a “neutral” rating on shares of Hugo Boss in a research note on Wednesday, August 5th. Finally, Berenberg Bank upgraded Hugo Boss to a “strong-buy” rating in a report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold”.

Hugo Boss Stock Performance

The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.64 and a current ratio of 1.56. The company has a market capitalization of $3.05 billion, a P/E ratio of 11.96 and a beta of 0.54. The business’s fifty day simple moving average is $8.68 and its 200-day simple moving average is $8.64.

Hugo Boss (OTCMKTS:BOSSY) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate 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%. As a group, equities analysts anticipate 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.