Hugo Boss (OTCMKTS:BOSSY) Shares Gap Up – Here’s What Happened

Hugo Boss (OTCMKTS:BOSSY – Get Free Report)’s share price gapped up prior to trading on Monday . The stock had previously closed at $8.22, but opened at $8.88. Hugo Boss shares last traded at $8.88, with a volume of 1,700 shares.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada downgraded Hugo Boss from an “outperform” rating to a “sector perform” rating in a report on Monday, January 26th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

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Hugo Boss Stock Performance

The business’s 50-day moving average price is $8.59 and its 200-day moving average price is $8.63. The company has a current ratio of 1.63, a quick ratio of 0.83 and a debt-to-equity ratio of 0.57. The stock has a market cap of $3.06 billion, a PE ratio of 11.38 and a beta of 0.52.

Hugo Boss (OTCMKTS:BOSSY – Get Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.19). Hugo Boss had a return on equity of 16.12% and a net margin of 5.56%.The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.03 billion. As a group, equities research analysts expect that Hugo Boss will post 0.65 earnings per share for the current fiscal 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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