Hugo Boss (OTCMKTS:BOSSY) Shares Gap Down – What’s Next?

Hugo Boss (OTCMKTS:BOSSY)’s share price gapped down prior to trading on Monday . The stock had previously closed at $8.86, but opened at $8.21. Hugo Boss shares last traded at $8.21, with a volume of 505 shares changing hands.

Analysts Set New Price Targets

Separately, Citigroup reissued a “neutral” rating on shares of Hugo Boss in a research report on Monday, May 11th. Three analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Hugo Boss Price Performance

The firm’s 50-day moving average price is $8.59 and its two-hundred day moving average price is $8.55. The stock has a market cap of $2.91 billion, a PE ratio of 10.82 and a beta of 0.54. The company has a current ratio of 1.63, a quick ratio of 0.83 and a debt-to-equity ratio of 0.57.

Hugo Boss (OTCMKTS:BOSSY) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.06 earnings per share 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 business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.03 billion. On average, equities analysts expect that Hugo Boss will post 0.65 earnings per share for the current fiscal 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.