Hugo Boss (OTCMKTS:BOSSY) Shares Gap Down – Time to Sell?
by Doug Wharley · The Cerbat GemHugo Boss (OTCMKTS:BOSSY – Get Free Report) shares gapped down prior to trading on Tuesday . The stock had previously closed at $8.87, but opened at $8.6550. Hugo Boss shares last traded at $8.6550, with a volume of 180 shares trading hands.
Analysts Set New Price Targets
Separately, Kepler Capital Markets raised shares of Hugo Boss to a “hold” rating in a research note on Monday, December 8th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold”.
Check Out Our Latest Research Report on BOSSY
Hugo Boss Stock Down 7.0%
The company has a market cap of $2.78 billion, a PE ratio of 11.18 and a beta of 0.63. The firm’s 50-day moving average is $8.70 and its 200-day moving average is $9.31.
Hugo Boss (OTCMKTS:BOSSY – Get Free Report) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.01. Hugo Boss had a return on equity of 15.59% and a net margin of 5.31%.The business had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.01 billion. As a group, equities research analysts anticipate that Hugo Boss will post 0.63 EPS for the current fiscal 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.