Hugo Boss AG
BOSS: XETR (DEU)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
€52.00 | Mvgffs | Mjnbnyk |
Hugo Boss Earnings: Strong Growth All Around Has Management Raising Guidance; Shares Rich
We anticipate an increase to our EUR 56 fair value estimate for narrow-moat Hugo Boss following model updates to include first-quarter results as well as raised management guidance. In the first quarter, Hugo Boss saw strong growth companywide, and EBIT margin expanded roughly 30% year over year as selling and marketing expenses as a percentage of revenue decreased on the back of brick-and-mortar retail efficiency. We currently view the shares as overvalued.