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

Key Points

• Short interest in Hugo Boss fell 70.3%, dropping from 1,531 shares on August 31 to 454 shares on September 15. Short interest represents approximately 0.0% of shares outstanding, with a days-to-cover ratio of 4.1.
• Shares opened at $8.75, within a 52-week range of $8.00 to $9.98. The company has a $3.02 billion market capitalization and trades at a price-to-earnings ratio of 11.82.
• Hugo Boss reported quarterly EPS of $0.11, missing the $0.45 consensus estimate, while revenue of $1.04 billion slightly exceeded expectations. Analysts’ average rating remains “Hold,” despite one recent upgrade to “Strong Buy.”

Hugo Boss (OTCMKTS:BOSSY - Get Free Report) was the target of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 454 shares, a decrease of 70.3% from the August 31st total of 1,531 shares. Approximately 0.0% of the company's stock are sold short. Based on an average daily trading volume, of 110 shares, the days-to-cover ratio is currently 4.1 days.

Hugo Boss Price Performance

Shares of OTCMKTS BOSSY opened at $8.75 on Friday. Hugo Boss has a fifty-two week low of $8.00 and a fifty-two week high of $9.98. The company has a market cap of $3.02 billion, a PE ratio of 11.82 and a beta of 0.56. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.79 and a current ratio of 1.77. The business has a 50-day simple moving average of $8.94 and a two-hundred day simple moving average of $8.72.

Hugo Boss (OTCMKTS:BOSSY - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.34). The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.03 billion. Hugo Boss had a net margin of 5.34% and a return on equity of 14.10%. As a group, equities analysts expect that Hugo Boss will post 0.63 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on BOSSY shares. Berenberg Bank raised shares of Hugo Boss to a "strong-buy" rating in a research report on Tuesday, August 11th. DZ Bank lowered shares of Hugo Boss from a "strong-buy" rating to a "hold" rating in a report on Friday, June 12th. Finally, Citigroup reaffirmed a "neutral" rating on shares of Hugo Boss in a research report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold".

About Hugo Boss

Hugo Boss AG is a Germany-based fashion company that develops, markets and sells premium clothing, footwear and accessories under its BOSS and HUGO brands. Its product range includes tailored clothing, casualwear, athleisure, shoes, bags, watches, eyewear and fragrances for men and women.

The company was founded in 1924 by Hugo Ferdinand Boss and is headquartered in Metzingen, Germany. Hugo Boss serves customers internationally through its own retail stores, online channels, wholesale partners and selected distribution outlets across Europe, the Americas, Asia-Pacific and other global markets.

Hugo Boss is led by Chief Executive Officer Daniel Grieder, who has overseen the company since 2021.

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