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

Hugo Boss (OTCMKTS:BOSSY)’s share price gapped down prior to trading 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 Analyst Weigh In

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

Hugo Boss Stock Down 7.9%

The stock has a market capitalization of $2.88 billion, a P/E 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 stock has a fifty day moving average price of $8.63 and a 200 day moving average price of $8.60.

Hugo Boss (OTCMKTS:BOSSY) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.34). The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. Hugo Boss had a net margin of 5.34% and a return on equity of 14.36%. On average, research analysts forecast that Hugo Boss will post 0.63 earnings per share 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.