Hugo Boss (OTCMKTS:BOSSY) Shares Gap Down - Time to Sell?

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) 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 trading hands.

Hugo Boss Trading Down 5.6%

The firm's 50-day moving average is $9.48 and its 200-day moving average is $8.94. The firm has a market cap of $3.24 billion, a price-to-earnings ratio of 13.61 and a beta of 0.87.

Hugo Boss (OTCMKTS:BOSSY - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.15 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.15. The business had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $996.28 million. Hugo Boss had a net margin of 5.15% and a return on equity of 15.65%. Analysts forecast that Hugo Boss will post 0.63 EPS for the current fiscal year.

Hugo Boss Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, May 28th. Shareholders of record on Tuesday, May 20th were issued a dividend of $0.2129 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a yield of 233.0%. This is a positive change from Hugo Boss's previous dividend of $0.19. Hugo Boss's payout ratio is presently 30.43%.

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.

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