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

Hugo Boss (OTCMKTS:BOSSY) gapped up prior to trading on Tuesday . The stock had previously closed at $8.47, but opened at $8.97. Hugo Boss shares last traded at $8.90, with a volume of 893 shares trading hands.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada cut 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, According to data from MarketBeat, the stock has an average rating of “Hold”.

Hugo Boss Trading Down 0.2%

The stock has a market cap of $2.97 billion, a P/E ratio of 10.36 and a beta of 0.61. The company has a 50 day simple moving average of $8.58 and a 200 day simple moving average of $8.77.

Hugo Boss (OTCMKTS:BOSSY) last released its earnings results on Tuesday, March 10th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.32 by $0.05. The firm had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Hugo Boss had a return on equity of 17.88% and a net margin of 5.92%. As a group, sell-side analysts expect that Hugo Boss will post 0.63 earnings per share 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.