Hugo Boss (OTCMKTS:BOSSY) Short Interest Up 26.3% in January

Hugo Boss (OTCMKTS:BOSSY) was the target of a significant increase in short interest in the month of 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. Based on an average daily volume of 417 shares, the days-to-cover ratio is presently 1.4 days. Approximately 0.0% of the company’s stock are sold short. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 417 shares, the days-to-cover ratio is presently 1.4 days.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Kepler Capital Markets raised shares of Hugo Boss to a “hold” rating in a research note on Monday, December 8th. Royal Bank Of Canada downgraded shares of Hugo Boss from an “outperform” rating to a “sector perform” rating in a research note on Monday, January 26th. Three 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 stock opened at $8.40 on Tuesday. The company’s 50 day moving average price is $8.48 and its 200 day moving average price is $9.13. The firm has a market capitalization of $2.90 billion, a price-to-earnings ratio of 11.67 and a beta of 0.63. Hugo Boss has a fifty-two week low of $6.92 and a fifty-two week high of $10.21.

Hugo Boss (OTCMKTS:BOSSY) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.19 by $0.01. Hugo Boss had a net margin of 5.31% and a return on equity of 15.59%. The company had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.01 billion. Equities analysts forecast 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.