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

Hugo Boss (OTCMKTS:BOSSY) shares saw unusually-high trading volume on Tuesday . Approximately 1,011 shares were traded 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.

Wall Street Analyst Weigh In

Several equities research analysts have commented on BOSSY shares. Citigroup restated a “neutral” rating on shares of Hugo Boss in a research note on Wednesday, August 5th. Berenberg Bank upgraded Hugo Boss to a “strong-buy” rating in a research report on Tuesday, August 11th. Finally, DZ Bank lowered Hugo Boss from a “strong-buy” rating to a “hold” rating in a report on Friday, June 12th. One investment analyst has rated the stock with a Strong Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Hugo Boss has an average rating of “Hold”.

Hugo Boss Stock Performance

The firm has a market capitalization of $3.04 billion, a P/E ratio of 12.16 and a beta of 0.54. The business’s 50 day moving average is $8.70 and its two-hundred day moving average is $8.62. The company has a quick ratio of 0.64, a current ratio of 1.56 and a debt-to-equity ratio of 0.55.

Hugo Boss (OTCMKTS:BOSSY) last announced 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 the consensus estimate of $1.03 billion. Hugo Boss had a net margin of 5.34% and a return on equity of 14.36%. Analysts expect that Hugo Boss will post 0.63 EPS 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.