Hugo Boss (OTCMKTS:BOSSY) Shares Gap Up – Still a Buy?

Hugo Boss (OTCMKTS:BOSSY) shares gapped up before the market opened on Wednesday . The stock had previously closed at $8.2350, but opened at $9.00. Hugo Boss shares last traded at $9.00, with a volume of 12,463 shares traded.

Wall Street Analysts Forecast Growth

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

Hugo Boss Stock Up 4.9%

The firm has a market cap of $3.04 billion, a price-to-earnings ratio of 11.28 and a beta of 0.54. The business’s 50 day moving average price is $8.54 and its 200 day moving average price is $8.55. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.64 and a current ratio of 1.56.

Hugo Boss (OTCMKTS:BOSSY) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.19). The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.03 billion. Hugo Boss had a return on equity of 15.66% and a net margin of 5.56%. On average, equities analysts forecast that Hugo Boss will post 0.65 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.