Hugo Boss (OTCMKTS:BOSSY) Shares Gap Down – What’s Next?

Hugo Boss (OTCMKTS:BOSSY)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $9.3450, but opened at $8.75. Hugo Boss shares last traded at $8.75, with a volume of 207 shares traded.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Citigroup reissued a “neutral” rating on shares of Hugo Boss in a research note on Wednesday, August 5th. Berenberg Bank raised Hugo Boss to a “strong-buy” rating in a report on Tuesday, August 11th. Finally, DZ Bank cut Hugo Boss from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 12th. One investment analyst has rated the stock with a Strong Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Hugo Boss Trading Up 3.1%

The business’s 50 day simple moving average is $8.92 and its 200 day simple moving average is $8.71. The stock has a market cap of $3.11 billion, a P/E ratio of 12.19 and a beta of 0.56. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.77 and a quick ratio of 0.79.

Hugo Boss (OTCMKTS:BOSSY) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.34). The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. Hugo Boss had a net margin of 5.34% and a return on equity of 14.10%. On average, analysts expect that Hugo Boss will post 0.63 earnings per share for the current fiscal year.

Hugo Boss Company Profile

Hugo Boss AG is a Germany-based fashion company that develops, markets and sells premium clothing, footwear and accessories under its BOSS and HUGO brands. Its product range includes tailored clothing, casualwear, athleisure, shoes, bags, watches, eyewear and fragrances for men and women.

The company was founded in 1924 by Hugo Ferdinand Boss and is headquartered in Metzingen, Germany. Hugo Boss serves customers internationally through its own retail stores, online channels, wholesale partners and selected distribution outlets across Europe, the Americas, Asia-Pacific and other global markets.

Hugo Boss is led by Chief Executive Officer Daniel Grieder, who has overseen the company since 2021.