Hugo Boss (OTCMKTS:BOSSY) Shares Gap Up - Should You Buy?

Key Points

• Hugo Boss shares rose 3.8%, opening at $9.3450 versus a prior close of $9.00, though trading volume was very light at 233 shares.
• Analyst sentiment remains cautious: Berenberg upgraded the stock to “strong buy,” while Citigroup maintained “neutral” and DZ Bank downgraded it to “hold.” The overall consensus rating is “Hold”, with four holds and one strong buy.
• The company missed quarterly earnings expectations, reporting $0.11 in EPS versus the $0.45 consensus estimate, although revenue of $1.04 billion slightly exceeded forecasts. Analysts expect full-year EPS of $0.63.

Hugo Boss (OTCMKTS:BOSSY - Get Free Report)'s share price gapped up prior to trading on Wednesday . The stock had previously closed at $9.00, but opened at $9.3450. Hugo Boss shares last traded at $9.3450, with a volume of 233 shares trading hands.

Analyst Upgrades and Downgrades

BOSSY has been the topic of a number of research analyst reports. Berenberg Bank raised Hugo Boss to a "strong-buy" rating in a report on Tuesday, August 11th. Citigroup restated a "neutral" rating on shares of Hugo Boss in a research report on Wednesday, August 5th. Finally, DZ Bank cut shares of Hugo Boss from a "strong-buy" rating to a "hold" rating in a research note on Friday, June 12th. One analyst has rated the stock with a Strong Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold".

Hugo Boss Stock Up 3.8%

The stock has a fifty day moving average of $8.69 and a 200-day moving average of $8.64. The firm has a market capitalization of $3.22 billion, a price-to-earnings ratio of 12.63 and a beta of 0.54. The company has a current ratio of 1.56, a quick ratio of 0.64 and a debt-to-equity ratio of 0.55.

Hugo Boss (OTCMKTS:BOSSY - Get Free Report) last announced 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 analysts' expectations of $1.03 billion. Hugo Boss had a net margin of 5.34% and a return on equity of 14.36%. As a group, sell-side analysts expect that Hugo Boss will post 0.63 EPS for the current year.

Hugo Boss Company Profile

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.

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