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

Shares of Hugo Boss (OTCMKTS:BOSSY) gapped down prior to trading on Monday . The stock had previously closed at $9.3450, but opened at $8.75. Hugo Boss shares last traded at $8.75, with a volume of 207 shares.

Wall Street Analysts Forecast Growth

BOSSY has been the topic of several recent research reports. DZ Bank downgraded shares of Hugo Boss from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 12th. Berenberg Bank upgraded shares of Hugo Boss to a “strong-buy” rating in a research note on Tuesday, August 11th. Finally, Citigroup reiterated a “neutral” rating on shares of Hugo Boss in a research report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Hugo Boss Price Performance

The business has a fifty day moving average price of $8.91 and a 200 day moving average price of $8.71. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.77 and a quick ratio of 0.79. The company has a market capitalization of $3.02 billion, a price-to-earnings ratio of 11.82 and a beta of 0.56.

Hugo Boss (OTCMKTS:BOSSY) last released its earnings results on Tuesday, August 4th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.34). The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.03 billion. Hugo Boss had a net margin of 5.34% and a return on equity of 14.10%. On average, research analysts expect that Hugo Boss will post 0.63 earnings per share for the current fiscal year.

Hugo Boss Company Profile

Hugo Boss AG is a Germany-based fashion company that develops, markets and sells premium clothing, footwear and accessories under its BOSS and HUGO brands. Its product range includes tailored clothing, casualwear, athleisure, shoes, bags, watches, eyewear and fragrances for men and women.

The company was founded in 1924 by Hugo Ferdinand Boss and is headquartered in Metzingen, Germany. Hugo Boss serves customers internationally through its own retail stores, online channels, wholesale partners and selected distribution outlets across Europe, the Americas, Asia-Pacific and other global markets.

Hugo Boss is led by Chief Executive Officer Daniel Grieder, who has overseen the company since 2021.