Hugo Boss (OTCMKTS:BOSSY) Upgraded to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Hugo Boss (OTCMKTS:BOSSY) from a hold rating to a buy rating in a report issued on Wednesday, Zacks.com reports. The firm currently has $13.00 price target on the stock.

According to Zacks, “Hugo Boss AG manufactures and sells men’s and women’s apparel. Its product includes modern apparel, elegant eveningwear, sportswear, leather accessories, licensed fragrances, eyewear, watches, home textiles and writing instruments. The company’s brand name includes BOSS and HUGO. Hugo Boss is headquartered in Metzingen, Germany. “

A number of other equities analysts also recently commented on BOSSY. Royal Bank of Canada restated an outperform rating on shares of Hugo Boss in a research note on Monday. Societe Generale reiterated a sell rating on shares of Hugo Boss in a research note on Thursday, July 8th. Morgan Stanley reiterated an overweight rating on shares of Hugo Boss in a research note on Thursday, August 5th. JPMorgan Chase & Co. reiterated a neutral rating on shares of Hugo Boss in a research note on Thursday, August 5th. Finally, Deutsche Bank Aktiengesellschaft reissued a hold rating on shares of Hugo Boss in a research report on Thursday, August 5th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Hugo Boss currently has a consensus rating of Hold and a consensus price target of $12.30.

Shares of OTCMKTS:BOSSY opened at $12.14 on Wednesday. The company has a market capitalization of $4.27 billion, a price-to-earnings ratio of -17.10 and a beta of 1.68. Hugo Boss has a 12 month low of $4.53 and a 12 month high of $12.40. The firm’s 50-day moving average is $11.80 and its 200 day moving average is $10.97.

Hugo Boss (OTCMKTS:BOSSY) last issued its quarterly earnings results on Wednesday, August 4th. The company reported $0.08 EPS for the quarter. The company had revenue of $757.80 million for the quarter. Hugo Boss had a negative net margin of 6.59% and a negative return on equity of 26.39%. As a group, analysts predict that Hugo Boss will post 0.31 earnings per share for the current fiscal year.

About Hugo Boss

HUGO BOSS AG engages in the design, manufacture, and sale of clothing and accessories. It operates through the following segments: Europe, Americas, Asia/Pacific, and Licenses. The firm offers children’s fashion, modern apparel, elegant eveningwear, home textiles, writing instruments, sportswear, shoes, leather accessories, fragrances, watches, and eyewear through the following brands BOSS, BOSS Orange, BOSS Green and HUGO.

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