Hugo Boss (OTCMKTS:BOSSY) Shares Gap Down – Time to Sell?

Hugo Boss (OTCMKTS:BOSSY) shares gapped down before the market opened on Tuesday . The stock had previously closed at $9.25, but opened at $8.52. Hugo Boss shares last traded at $8.52, with a volume of 222 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on BOSSY shares. DZ Bank downgraded Hugo Boss from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 12th. Citigroup restated a “neutral” rating on shares of Hugo Boss in a research report on Wednesday, August 5th. Four equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Hugo Boss Price Performance

The firm has a market capitalization of $2.88 billion, a PE ratio of 11.51 and a beta of 0.54. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.56 and a quick ratio of 0.64. The business’s 50 day moving average is $8.63 and its two-hundred day moving average is $8.60.

Hugo Boss (OTCMKTS:BOSSY) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.11 EPS 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 14.36% and a net margin of 5.34%. As a group, research analysts anticipate 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.