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

Hugo Boss (OTCMKTS:BOSSY – Get Free Report)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $8.77, but opened at $8.0950. Hugo Boss shares last traded at $8.0950, with a volume of 100 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on BOSSY shares. Citigroup reiterated a “neutral” rating on shares of Hugo Boss in a report on Monday, May 11th. DZ Bank cut Hugo Boss from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 12th. Four investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

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Hugo Boss Stock Performance

The firm has a market capitalization of $2.79 billion, a price-to-earnings ratio of 10.38 and a beta of 0.54. 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 stock’s fifty day moving average is $8.63 and its two-hundred day moving average is $8.57.

Hugo Boss (OTCMKTS:BOSSY – Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.19). The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Hugo Boss had a net margin of 5.56% and a return on equity of 15.66%. Analysts forecast that Hugo Boss will post 0.62 earnings per share for the current year.

About Hugo Boss

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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.

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