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

Hugo Boss (OTCMKTS:BOSSY) gapped up prior to trading on Wednesday . The stock had previously closed at $9.00, but opened at $9.3450. Hugo Boss shares last traded at $9.3450, with a volume of 233 shares trading hands.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on BOSSY. DZ Bank lowered Hugo Boss from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 12th. Citigroup restated a “neutral” rating on shares of Hugo Boss in a report on Wednesday, August 5th. Finally, Berenberg Bank upgraded shares of Hugo Boss to a “strong-buy” rating in a research note on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Hugo Boss currently has an average rating of “Hold”.

Hugo Boss Stock Performance

The company has a current ratio of 1.56, a quick ratio of 0.64 and a debt-to-equity ratio of 0.55. The firm has a market cap of $3.22 billion, a price-to-earnings ratio of 12.63 and a beta of 0.54. The stock has a fifty day moving average price of $8.69 and a 200 day moving average price of $8.64.

Hugo Boss (OTCMKTS:BOSSY) last posted its earnings results on Tuesday, August 4th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.34). The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.03 billion. Hugo Boss had a return on equity of 14.36% and a net margin of 5.34%. As a group, analysts predict that Hugo Boss will post 0.63 earnings per share 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.