Hugo Boss (OTCMKTS:BOSSY) Sees Strong Trading Volume - Here's Why

Key Points

• Hugo Boss trading volume rose 23% to approximately 2,000 shares, while the stock fell 1.6% to $8.8595 from its previous close of $9.00.
• Analyst sentiment is mixed: one analyst rates the stock a Strong Buy and four rate it Hold, resulting in a consensus rating of Hold.
• The company reported quarterly EPS of $0.11, missing the $0.45 consensus estimate, although revenue of $1.04 billion slightly exceeded expectations.

Shares of Hugo Boss (OTCMKTS:BOSSY - Get Free Report) saw unusually-high trading volume on Monday . Approximately 2,000 shares changed hands during mid-day trading, an increase of 23% from the previous session's volume of 1,625 shares.The stock last traded at $8.8595 and had previously closed at $9.00.

Wall Street Analyst Weigh In

Several brokerages have issued reports on BOSSY. Citigroup reiterated a "neutral" rating on shares of Hugo Boss in a report on Wednesday, August 5th. DZ Bank downgraded Hugo Boss from a "strong-buy" rating to a "hold" rating in a research note on Friday, June 12th. Finally, Berenberg Bank raised Hugo Boss to a "strong-buy" rating in a research 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's stock. Based on data from MarketBeat, the stock has an average rating of "Hold".

Hugo Boss Trading Down 1.6%

The firm has a 50-day simple moving average of $8.69 and a 200-day simple moving average of $8.63. The company has a quick ratio of 0.64, a current ratio of 1.56 and a debt-to-equity ratio of 0.55. The stock has a market cap of $3.06 billion, a PE ratio of 11.97 and a beta of 0.54.

Hugo Boss (OTCMKTS:BOSSY - Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.34). Hugo Boss had a return on equity of 14.36% and a net margin of 5.34%.The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. Equities analysts forecast that Hugo Boss will post 0.63 earnings per share 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source