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

Hugo Boss (OTCMKTS:BOSSY)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $8.47, but opened at $8.87. Hugo Boss shares last traded at $8.87, with a volume of 112 shares.

Analysts Set New Price Targets

Separately, Kepler Capital Markets raised shares of Hugo Boss to a “hold” rating in a research report on Monday, December 8th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Hugo Boss Trading Up 2.0%

The stock has a market cap of $3.06 billion, a price-to-earnings ratio of 12.32 and a beta of 0.63. The stock’s 50 day moving average is $8.79 and its two-hundred day moving average is $9.32.

Hugo Boss (OTCMKTS:BOSSY) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.01. The firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.01 billion. Hugo Boss had a return on equity of 15.59% and a net margin of 5.31%. On average, sell-side analysts predict that Hugo Boss will post 0.63 EPS for the current 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.