Short Interest in Hugo Boss (OTCMKTS:BOSSY) Grows By 26.3%

Hugo Boss (OTCMKTS:BOSSY) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totaling 601 shares, an increase of 26.3% from the December 31st total of 476 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 417 shares, the short-interest ratio is presently 1.4 days. Based on an average trading volume of 417 shares, the short-interest ratio is presently 1.4 days. Approximately 0.0% of the company’s stock are sold short.

Hugo Boss Stock Performance

BOSSY stock remained flat at $8.40 during trading on Monday. The firm has a market cap of $2.90 billion, a PE ratio of 11.67 and a beta of 0.63. The stock has a 50 day simple moving average of $8.49 and a 200-day simple moving average of $9.14. Hugo Boss has a 1 year low of $6.92 and a 1 year high of $10.21.

Hugo Boss (OTCMKTS:BOSSY) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.01. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.01 billion. Hugo Boss had a return on equity of 15.59% and a net margin of 5.31%. Research analysts forecast that Hugo Boss will post 0.63 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have issued reports on BOSSY. Kepler Capital Markets raised Hugo Boss to a “hold” rating in a report on Monday, December 8th. Royal Bank Of Canada cut Hugo Boss from an “outperform” rating to a “sector perform” rating in a research report on Monday, January 26th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

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.