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

Hugo Boss (OTCMKTS:BOSSY)’s share price gapped down prior to trading on Monday . The stock had previously closed at $8.78, but opened at $8.31. Hugo Boss shares last traded at $8.31, with a volume of 1,592 shares trading hands.

Analyst Ratings Changes

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

Hugo Boss Stock Down 5.4%

The firm has a 50-day moving average price of $8.59 and a two-hundred day moving average price of $8.84. The company has a market capitalization of $2.87 billion, a P/E ratio of 10.01 and a beta of 0.62.

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, topping analysts’ consensus estimates of $0.32 by $0.05. Hugo Boss had a net margin of 5.92% and a return on equity of 17.88%. The business had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.20 billion. On average, analysts predict 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.