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

Shares of Hugo Boss (OTCMKTS:BOSSY) gapped up before the market opened on Monday . The stock had previously closed at $8.29, but opened at $8.87. Hugo Boss shares last traded at $8.87, with a volume of 200 shares changing hands.

Analysts Set New Price Targets

A number of research analysts have weighed in on BOSSY shares. Kepler Capital Markets upgraded shares of Hugo Boss to a “hold” rating in a research report on Monday, December 8th. Royal Bank Of Canada cut Hugo Boss from an “outperform” rating to a “sector perform” rating in a research report on Monday, January 26th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Hugo Boss Price Performance

The company has a market capitalization of $3.06 billion, a price-to-earnings ratio of 10.69 and a beta of 0.62. The stock’s 50-day simple moving average is $8.52 and its two-hundred day simple moving average is $8.90.

Hugo Boss (OTCMKTS:BOSSY) last announced its earnings results on Tuesday, March 10th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.05. The business had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.20 billion. Hugo Boss had a net margin of 5.92% and a return on equity of 17.88%. On average, sell-side analysts forecast that Hugo Boss will post 0.63 EPS for the current 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.