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

Hugo Boss (OTCMKTS:BOSSY) gapped up before the market opened on Tuesday . The stock had previously closed at $8.47, but opened at $8.97. Hugo Boss shares last traded at $8.90, with a volume of 893 shares.

Analyst Ratings Changes

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

Hugo Boss Stock Performance

The stock has a 50-day simple moving average of $8.58 and a 200 day simple moving average of $8.78. The company has a market cap of $3.07 billion, a P/E ratio of 10.72 and a beta of 0.61.

Hugo Boss (OTCMKTS:BOSSY) last announced its quarterly earnings data on Tuesday, March 10th. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.05. Hugo Boss had a return on equity of 17.88% and a net margin of 5.92%.The company had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.20 billion. Sell-side analysts anticipate that Hugo Boss will post 0.63 earnings per share for the current fiscal 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.