Hugo Boss (OTCMKTS:BOSSY) Shares Gap Up – Should You Buy?

Hugo Boss (OTCMKTS:BOSSY) gapped up before the market opened on Tuesday . The stock had previously closed at $8.47, but opened at $8.97. Hugo Boss shares last traded at $8.90, with a volume of 893 shares changing hands.

Analysts Set New Price Targets

BOSSY has been the topic of a number of analyst reports. Kepler Capital Markets raised Hugo Boss to a “hold” rating in a report on Monday, December 8th. Royal Bank Of Canada lowered Hugo Boss from an “outperform” rating to a “sector perform” rating in a report on Monday, January 26th. Two analysts have rated the stock with a Hold rating, According to MarketBeat, Hugo Boss presently has a consensus rating of “Hold”.

Hugo Boss Trading Up 5.1%

The firm has a market cap of $3.07 billion, a price-to-earnings ratio of 10.72 and a beta of 0.61. The stock has a fifty day moving average price of $8.58 and a 200 day moving average price of $8.78.

Hugo Boss (OTCMKTS:BOSSY) last issued its quarterly earnings data on Tuesday, March 10th. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.05. Hugo Boss had a return on equity of 17.88% and a net margin of 5.92%.The business had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.20 billion. On average, sell-side analysts forecast that Hugo Boss will post 0.63 EPS for the current year.

About Hugo Boss

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.