Hugo Boss (OTCMKTS:BOSSY) Shares Gap Down – Here’s What Happened

Shares of Hugo Boss (OTCMKTS:BOSSY) gapped down before the market opened on Tuesday . The stock had previously closed at $9.25, but opened at $8.52. Hugo Boss shares last traded at $8.52, with a volume of 222 shares changing hands.

Analyst Ratings Changes

A number of analysts have recently weighed in on BOSSY shares. Berenberg Bank raised shares of Hugo Boss to a “strong-buy” rating in a research report on Tuesday. DZ Bank cut shares of Hugo Boss from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 12th. Finally, Citigroup reissued a “neutral” rating on shares of Hugo Boss in a research note on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Hugo Boss presently has an average rating of “Hold”.

Hugo Boss Price Performance

The stock has a market cap of $3.04 billion, a PE ratio of 12.16 and a beta of 0.54. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.56 and a quick ratio of 0.64. The company has a 50 day moving average price of $8.64 and a two-hundred day moving average price of $8.60.

Hugo Boss (OTCMKTS:BOSSY) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.34). Hugo Boss had a net margin of 5.34% and a return on equity of 14.36%. The business had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Analysts expect that Hugo Boss will post 0.63 EPS for the current year.

About Hugo Boss

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.