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

Hugo Boss (OTCMKTS:BOSSY) shares saw unusually-strong trading volume on Tuesday . Approximately 1,011 shares changed hands during 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.

Analyst Upgrades and Downgrades

A number of 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. Citigroup restated a “neutral” rating on shares of Hugo Boss in a report on Wednesday, August 5th. Finally, Berenberg Bank raised Hugo Boss to a “strong-buy” rating in a research note on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Hugo Boss presently has an average rating of “Hold”.

Hugo Boss Stock Performance

The stock’s 50-day moving average is $8.68 and its 200-day moving average is $8.61. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.56 and a quick ratio of 0.64. The stock has a market cap of $3.04 billion, a price-to-earnings ratio of 12.16 and a beta of 0.54.

Hugo Boss (OTCMKTS:BOSSY) last released its earnings results 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 company had revenue of $1.04 billion during 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%. Analysts anticipate that Hugo Boss will post 0.63 EPS 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.