Zacks Investment Research upgraded shares of Hugo Boss (OTCMKTS:BOSSY) from a hold rating to a buy rating in a report published on Wednesday morning, Zacks.com reports. They currently have $13.00 price objective 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 research analysts have also recently weighed in on the stock. Morgan Stanley restated an overweight rating on shares of Hugo Boss in a report on Thursday, August 5th. Deutsche Bank Aktiengesellschaft restated a hold rating on shares of Hugo Boss in a report on Thursday, August 5th. JPMorgan Chase & Co. restated a neutral rating on shares of Hugo Boss in a report on Thursday, August 5th. Societe Generale restated a sell rating on shares of Hugo Boss in a report on Thursday, July 8th. Finally, Royal Bank of Canada restated an outperform rating on shares of Hugo Boss in a report on Monday. Two investment 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and an average price target of $12.30.
Hugo Boss (OTCMKTS:BOSSY) last released its quarterly earnings results on Wednesday, August 4th. The company reported $0.08 earnings per share (EPS) for the quarter. The business 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, equities research analysts forecast that Hugo Boss will post 0.31 earnings per share for the current year.
Hugo Boss Company Profile
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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