Hugo Boss (OTCMKTS:BOSSY) Stock Price Up 7.7% – Still a Buy?

Hugo Boss (OTCMKTS:BOSSY) shares rose 7.7% during mid-day trading on Friday . The company traded as high as $9.39 and last traded at $9.39. Approximately 836 shares traded hands during mid-day trading, a decline of 57% from the average daily volume of 1,950 shares. The stock had previously closed at $8.72.

Analysts Set New Price Targets

Separately, Citigroup reiterated a “neutral” rating on shares of Hugo Boss in a research report on Monday, May 11th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, Hugo Boss currently has a consensus rating of “Hold”.

Hugo Boss Stock 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’s 50-day moving average price is $8.59 and its two-hundred day moving average price is $8.56. The company has a market cap of $3.16 billion, a P/E ratio of 11.74 and a beta of 0.54.

Hugo Boss (OTCMKTS:BOSSY) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.19). Hugo Boss had a net margin of 5.56% and a return on equity of 15.66%. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.03 billion. As a group, equities analysts forecast that Hugo Boss will post 0.65 earnings per share for the current 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.