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

Shares of Hugo Boss (OTCMKTS:BOSSY) gapped up before the market opened on Thursday . The stock had previously closed at $8.18, but opened at $8.70. Hugo Boss shares last traded at $8.70, with a volume of 100 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Kepler Capital Markets upgraded Hugo Boss to a “hold” rating in a research report on Monday, December 8th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Hugo Boss Price Performance

The company has a market cap of $3.00 billion, a PE ratio of 12.08 and a beta of 0.63. The company has a fifty day moving average price of $8.92 and a 200 day moving average price of $9.34.

Hugo Boss (OTCMKTS:BOSSY) last announced its earnings results on Tuesday, November 4th. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. Hugo Boss had a net margin of 5.31% and a return on equity of 15.59%. The business had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.01 billion. As a group, sell-side analysts predict that Hugo Boss will post 0.63 EPS for the current fiscal year.

About Hugo Boss

Hugo Boss AG, together with its subsidiaries, provides apparels, shoes, and accessories for men and women worldwide. It also offers licensed products comprising of fragrances, eyewear, watches, children’s fashion, equestrian, and cycling. The company markets and sells its products under the BOSS and HUGO brand names through freestanding stores, shop-in-shops, factory outlets, multi-brand stores, and franchise business, as well as online retailers, distribution, and stores.