Hugo Boss (OTCMKTS:BOSSY) Trading Down 3.3% - Here's What Happened

Hugo Boss (OTCMKTS:BOSSY - Get Free Report)'s share price traded down 3.3% during trading on Friday . The stock traded as low as $8.93 and last traded at $8.93. 151 shares were traded during mid-day trading, an increase of 16% from the average session volume of 130 shares. The stock had previously closed at $9.24.

Wall Street Analysts Forecast Growth

Separately, UBS Group cut shares of Hugo Boss from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 14th.

Hugo Boss Price Performance

The stock has a fifty day moving average price of $8.79 and a two-hundred day moving average price of $8.75. The company has a market cap of $3.02 billion, a P/E ratio of 13.26 and a beta of 0.83.

Hugo Boss (OTCMKTS:BOSSY - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.11 EPS for the quarter, beating analysts' consensus estimates of $0.07 by $0.04. The company had revenue of $1.13 billion for the quarter, compared to analysts' expectations of $1.01 billion. Hugo Boss had a net margin of 4.91% and a return on equity of 15.08%. Equities analysts predict that Hugo Boss will post 0.63 earnings per share for the current fiscal year.

Hugo Boss Increases Dividend

The business also recently declared a dividend, which was paid on Wednesday, May 28th. Investors of record on Tuesday, May 20th were issued a $0.2129 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a yield of 2.33%. This is a boost from Hugo Boss's previous dividend of $0.19. Hugo Boss's payout ratio is 31.82%.

Hugo Boss Company Profile

Hugo Boss AG, together with its subsidiaries, provides apparels, shoes, and accessories for men and women worldwide. It also offers licensed products comprising of fragrances, eyewear, watches, children's fashion, equestrian, and cycling. The company markets and sells its products under the BOSS and HUGO brand names through freestanding stores, shop-in-shops, factory outlets, multi-brand stores, and franchise business, as well as online retailers, distribution, and stores.