Hugo Boss (OTCMKTS:BOSSY) Shares Gap Down – Here’s What Happened

Hugo Boss (OTCMKTS:BOSSY)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $8.77, but opened at $8.0950. Hugo Boss shares last traded at $8.0950, with a volume of 100 shares traded.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Citigroup reiterated a “neutral” rating on shares of Hugo Boss in a report on Monday, May 11th. DZ Bank downgraded shares of Hugo Boss from a “strong-buy” rating to a “hold” rating in a report on Friday, June 12th. Four analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold”.

Hugo Boss Stock Performance

The stock has a market cap of $2.79 billion, a PE ratio of 10.38 and a beta of 0.54. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.56 and a quick ratio of 0.64. The stock has a 50-day simple moving average of $8.63 and a 200-day simple moving average of $8.57.

Hugo Boss (OTCMKTS:BOSSY) last released 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). Hugo Boss had a return on equity of 15.66% and a net margin of 5.56%.The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Equities analysts predict that Hugo Boss will post 0.62 earnings per share for the current fiscal 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.