Hugo Boss AG
BOSS: XETR (DEU)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
€48.00 | Nnclxxm | Ljrywbrt |
Hugo Boss Momentum Remains Strong in Q3, but Comes at a Cost; Shares Attractive
We are maintaining our fair value estimate for narrow-moat Hugo Boss as the company delivered solid third-quarter results and increased its full-year outlook. Shares are looking attractive after a pullback, trading in 4-star territory. For the full year the company now guides for revenue growth of 25%- 30% and for EBIT to grow 35%-45% (24% and 36% respectively in our models). Prior management guidance was for 20%-25% growth in revenue and 25%-30% growth in EBIT.