Hugo Boss (OTCMKTS:BOSSY) Shares Gap Up – What’s Next?

Hugo Boss (OTCMKTS:BOSSY) shares gapped up before the market opened on Friday . The stock had previously closed at $8.32, but opened at $8.91. Hugo Boss shares last traded at $8.9360, with a volume of 1,216 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada downgraded shares of Hugo Boss from an “outperform” rating to a “sector perform” rating in a report on Monday, January 26th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Hugo Boss Trading Up 6.6%

The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.83 and a current ratio of 1.63. The stock’s fifty day moving average is $8.60 and its 200 day moving average is $8.73. The stock has a market cap of $3.06 billion, a P/E ratio of 10.68 and a beta of 0.61.

Hugo Boss (OTCMKTS:BOSSY) last announced its quarterly earnings results on Tuesday, March 10th. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.05. Hugo Boss had a net margin of 5.92% and a return on equity of 17.43%. The firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.20 billion. As a group, equities research analysts predict that Hugo Boss will post 0.63 earnings per share 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.