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

Hugo Boss (OTCMKTS:BOSSY)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $8.05, but opened at $8.61. Hugo Boss shares last traded at $8.61, with a volume of 101 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Kepler Capital Markets upgraded Hugo Boss to a “hold” rating in a report on Monday, December 8th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Hugo Boss currently has a consensus rating of “Hold”.

Hugo Boss Stock Up 5.6%

The stock has a market capitalization of $2.93 billion, a PE ratio of 11.81 and a beta of 0.63. The stock’s 50-day moving average is $8.67 and its 200 day moving average is $9.30.

Hugo Boss (OTCMKTS:BOSSY) last issued its earnings results on Tuesday, November 4th. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. Hugo Boss had a net margin of 5.31% and a return on equity of 15.59%. The company had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.01 billion. As a group, equities research analysts forecast 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.