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

Hugo Boss (OTCMKTS:BOSSY)’s share price gapped down prior to trading 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 trading hands.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on BOSSY. Berenberg Bank raised Hugo Boss to a “strong-buy” rating in a report on Tuesday, August 11th. DZ Bank cut shares of Hugo Boss from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 12th. Finally, Citigroup reiterated a “neutral” rating on shares of Hugo Boss in a report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Hugo Boss has a consensus rating of “Hold”.

Hugo Boss Stock Performance

The firm has a market capitalization of $3.02 billion, a PE ratio of 11.82 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. The firm has a fifty day moving average price of $8.91 and a 200 day moving average price of $8.71.

Hugo Boss (OTCMKTS:BOSSY) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.34). The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Hugo Boss had a return on equity of 14.10% and a net margin of 5.34%. Research analysts anticipate 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.