Hugo Boss (OTCMKTS:BOSSY) Shares Gap Down - What's Next?

Key Points

• Hugo Boss shares gapped down from $9.95 to $9.39 before trading, marking a 5.6% decline.
• The company reported quarterly earnings of $0.15 per share, meeting expectations, with revenue exceeding estimates at $1.16 billion.
• Hugo Boss announced a dividend increase to $0.2129 per share, reflecting a 233.0% yield and a payout ratio of 30.43%.

Hugo Boss (OTCMKTS:BOSSY - Get Free Report)'s share price gapped down prior to trading on Tuesday . The stock had previously closed at $9.95, but opened at $9.39. Hugo Boss shares last traded at $9.39, with a volume of 4,342 shares changing hands.

Hugo Boss Price Performance

The company has a 50-day moving average price of $9.51 and a 200 day moving average price of $8.94. The firm has a market capitalization of $3.24 billion, a PE ratio of 13.61 and a beta of 0.87.

Hugo Boss (OTCMKTS:BOSSY - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.15 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.15. The company had revenue of $1.16 billion for the quarter, compared to analysts' expectations of $996.28 million. Hugo Boss had a return on equity of 15.65% and a net margin of 5.15%. As a group, research analysts anticipate that Hugo Boss will post 0.63 earnings per share for the current 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.