Hugo Boss (OTCMKTS:BOSSY) Shares Gap Up – Time to Buy?

Hugo Boss (OTCMKTS:BOSSY)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $8.22, but opened at $8.88. Hugo Boss shares last traded at $8.88, with a volume of 1,700 shares.

Wall Street Analyst Weigh In

BOSSY has been the subject of several recent analyst reports. Royal Bank Of Canada downgraded Hugo Boss from an “outperform” rating to a “sector perform” rating in a report on Monday, January 26th. Citigroup restated a “neutral” rating on shares of Hugo Boss in a report on Monday. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold”.

Hugo Boss Stock Performance

The firm has a market cap of $2.93 billion, a price-to-earnings ratio of 10.88 and a beta of 0.52. The company has a current ratio of 1.63, a quick ratio of 0.83 and a debt-to-equity ratio of 0.57. The stock’s 50 day moving average is $8.60 and its 200 day moving average is $8.61.

Hugo Boss (OTCMKTS:BOSSY) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.19). Hugo Boss had a return on equity of 16.12% and a net margin of 5.56%.The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.03 billion. Analysts anticipate that Hugo Boss will post 0.65 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.