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

Hugo Boss (OTCMKTS:BOSSY)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $8.2350, but opened at $9.00. Hugo Boss shares last traded at $9.00, with a volume of 12,463 shares trading hands.

Analysts Set New Price Targets

Separately, Citigroup reiterated a “neutral” rating on shares of Hugo Boss in a research report on Monday, May 11th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Hugo Boss Trading Up 4.9%

The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.64 and a current ratio of 1.56. The company’s fifty day simple moving average is $8.54 and its 200-day simple moving average is $8.55. The company has a market capitalization of $3.04 billion, a P/E ratio of 11.28 and a beta of 0.54.

Hugo Boss (OTCMKTS:BOSSY) last issued its earnings results on Tuesday, May 5th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.19). Hugo Boss had a return on equity of 15.66% and a net margin of 5.56%.The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.03 billion. Research analysts predict that Hugo Boss will post 0.65 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.