Oxford Industries Downgraded by Zacks to Underperform (OXM)
Oxford Industries (NYSE:OXM) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research note issued on Wednesday, AnalystRatings.NET reports. They currently have a $70.80 target price on the stock. Zacks‘ target price suggests a potential downside of 2.73% from the stock’s previous close.
Oxford Industries (NYSE:OXM) traded up 0.71% during mid-day trading on Wednesday, hitting $73.31. The stock had a trading volume of 27,656 shares. Oxford Industries has a 52-week low of $42.19 and a 52-week high of $82.16. The stock’s 50-day moving average is $76.92 and its 200-day moving average is $71.74. The company has a market cap of $1.203 billion and a P/E ratio of 33.73.
Oxford Industries (NYSE:OXM) last announced its earnings results on Wednesday, December 11th. The company reported $0.10 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.11 by $0.01. The company had revenue of $197.50 million for the quarter, compared to the consensus estimate of $199.55 million. During the same quarter in the prior year, the company posted $0.19 earnings per share. The company’s quarterly revenue was up 8.9% on a year-over-year basis. On average, analysts predict that Oxford Industries will post $2.85 earnings per share for the current fiscal year.
Oxford Industries, Inc is an apparel company, which designs, sources, markets and distributes products bearing the trademarks of its lifestyle brands, as well as certain licensed and private label apparel products.
To view Zacks’ full report, visit www.zacks.com
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.