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

Hugo Boss (OTCMKTS:BOSSY) was the recipient of a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 385 shares, a decline of 45.2% from the April 15th total of 703 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 818 shares, the days-to-cover ratio is currently 0.5 days.

Hugo Boss Stock Performance

Shares of Hugo Boss stock opened at $8.49 on Friday. The firm has a market capitalization of $2.93 billion, a PE ratio of 10.88 and a beta of 0.52. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.63 and a quick ratio of 0.83. The company’s fifty day moving average price is $8.59 and its two-hundred day moving average price is $8.59. Hugo Boss has a 52-week low of $8.00 and a 52-week high of $10.21.

Hugo Boss (OTCMKTS:BOSSY) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.19). The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.03 billion. Hugo Boss had a net margin of 5.56% and a return on equity of 16.12%. On average, analysts expect that Hugo Boss will post 0.65 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have issued reports on BOSSY shares. Royal Bank Of Canada lowered shares of Hugo Boss from an “outperform” rating to a “sector perform” rating in a report on Monday, January 26th. Citigroup reissued a “neutral” rating on shares of Hugo Boss in a report on Monday, May 11th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Hugo Boss currently has an average rating of “Hold”.

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.