Hugo Boss (OTCMKTS:BOSSY) Shares Gap Up – Should You Buy?

Shares of 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 changing hands.

Analysts Set New Price Targets

BOSSY has been the subject of a number of recent analyst reports. Citigroup reaffirmed a “neutral” rating on shares of Hugo Boss in a research note on Wednesday, August 5th. DZ Bank downgraded Hugo Boss from a “strong-buy” rating to a “hold” rating in a report on Friday, June 12th. Finally, Berenberg Bank raised Hugo Boss to a “strong-buy” rating in a research report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold”.

Hugo Boss Price Performance

The stock has a market capitalization of $3.22 billion, a P/E ratio of 12.63 and a beta of 0.56. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.56 and a quick ratio of 0.64. The company’s 50-day simple moving average is $8.72 and its 200-day simple moving average is $8.65.

Hugo Boss (OTCMKTS:BOSSY) last released its quarterly earnings data 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). Hugo Boss had a return on equity of 14.36% and a net margin of 5.34%.The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.03 billion. As a group, sell-side analysts expect that Hugo Boss will post 0.63 EPS for the current fiscal 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.