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

Hugo Boss (OTCMKTS:BOSSY) shares 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 trading hands.

Analyst Ratings Changes

Separately, Royal Bank Of Canada lowered shares of Hugo Boss from an “outperform” rating to a “sector perform” rating in a research note on Monday, January 26th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Hugo Boss Trading Up 1.1%

The company has a market cap of $3.06 billion, a P/E ratio of 11.38 and a beta of 0.52. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.63 and a quick ratio of 0.83. The stock’s 50-day moving average is $8.59 and its two-hundred day moving average is $8.63.

Hugo Boss (OTCMKTS:BOSSY) last announced its earnings results on Tuesday, May 5th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.19). Hugo Boss had a net margin of 5.56% and a return on equity of 16.12%. The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.03 billion. As a group, equities research analysts predict 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.