Hugo Boss (OTCMKTS:BOSSY) Shares Gap Up – What’s Next?

Hugo Boss (OTCMKTS:BOSSY)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $8.47, but opened at $8.87. Hugo Boss shares last traded at $8.87, with a volume of 112 shares changing hands.

Analysts Set New Price Targets

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

Hugo Boss Stock Up 2.0%

The company has a fifty day moving average of $8.78 and a 200 day moving average of $9.32. The company has a market cap of $3.06 billion, a P/E ratio of 12.32 and a beta of 0.63.

Hugo Boss (OTCMKTS:BOSSY) last released its quarterly earnings results on Tuesday, November 4th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.19 by $0.01. Hugo Boss had a return on equity of 15.59% and a net margin of 5.31%.The firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.01 billion. As a group, research analysts forecast 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.