Hugo Boss (OTCMKTS:BOSSY) Short Interest Update

Hugo Boss (OTCMKTS:BOSSY) was the target of a large increase in short interest in the month of February. As of February 27th, there was short interest totaling 7,519 shares, an increase of 79.4% from the February 12th total of 4,191 shares. Based on an average daily volume of 887 shares, the days-to-cover ratio is presently 8.5 days. Currently, 0.0% of the company’s stock are short sold. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 887 shares, the days-to-cover ratio is presently 8.5 days.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Royal Bank Of Canada downgraded shares of Hugo Boss from an “outperform” rating to a “sector perform” rating in a report on Monday, January 26th. Kepler Capital Markets upgraded shares of Hugo Boss to a “hold” rating in a report on Monday, December 8th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Hugo Boss Stock Performance

Hugo Boss stock opened at $8.29 on Friday. Hugo Boss has a fifty-two week low of $6.92 and a fifty-two week high of $10.21. The firm’s 50-day simple moving average is $8.50 and its 200 day simple moving average is $8.92. The stock has a market cap of $2.86 billion, a PE ratio of 9.99 and a beta of 0.62.

Hugo Boss (OTCMKTS:BOSSY) last posted its earnings results on Tuesday, March 10th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.32 by $0.05. Hugo Boss had a net margin of 5.92% and a return on equity of 17.88%. The firm had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.20 billion. As a group, analysts predict that Hugo Boss will post 0.63 EPS for the current fiscal 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.