Hugo Boss (OTCMKTS:BOSSY) Sees Significant Drop in Short Interest

Hugo Boss (OTCMKTS:BOSSY) was the target of a significant drop in short interest in March. As of March 13th, there was short interest totaling 478 shares, a drop of 93.6% from the February 26th total of 7,519 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 5,014 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 5,014 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Royal Bank Of Canada lowered Hugo Boss from an “outperform” rating to a “sector perform” rating in a report on Monday, January 26th. Kepler Capital Markets raised shares of Hugo Boss to a “hold” rating in a report on Monday, December 8th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold”.

Hugo Boss Stock Performance

BOSSY remained flat at $8.78 during trading on Tuesday. 1,211 shares of the company’s stock were exchanged, compared to its average volume of 1,284. The company has a market capitalization of $3.03 billion, a P/E ratio of 10.58 and a beta of 0.62. The stock has a 50-day simple moving average of $8.56 and a two-hundred day simple moving average of $8.87. Hugo Boss has a twelve month low of $6.92 and a twelve month high of $10.21.

Hugo Boss (OTCMKTS:BOSSY) last posted its quarterly earnings results on Tuesday, March 10th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.05. Hugo Boss had a return on equity of 17.88% and a net margin of 5.92%.The business had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.20 billion. On average, equities analysts expect that Hugo Boss will post 0.63 earnings per share 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.