Hugo Boss (OTCMKTS:BOSSY) Sees Large Volume Increase – Here’s Why

Hugo Boss (OTCMKTS:BOSSY) saw an uptick in trading volume on Monday . 4,510 shares were traded 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

Several brokerages have recently commented on BOSSY. DZ Bank lowered shares of Hugo Boss from a “strong-buy” rating to a “hold” rating in a report on Friday, June 12th. Berenberg Bank raised Hugo Boss to a “strong-buy” rating in a research note on Tuesday, August 11th. Finally, Citigroup restated a “neutral” rating on shares of Hugo Boss in a report 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.com, Hugo Boss has an average rating of “Hold”.

Hugo Boss Stock Performance

The company has a 50-day simple moving average of $8.68 and a two-hundred day simple moving average of $8.64. 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 firm has a market capitalization of $3.05 billion, a P/E ratio of 11.96 and a beta of 0.54.

Hugo Boss (OTCMKTS:BOSSY) last released its earnings results on Tuesday, August 4th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.34). Hugo Boss had a net margin of 5.34% and a return on equity of 14.36%. The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.03 billion. As a group, equities analysts forecast that Hugo Boss will post 0.63 EPS 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.