Oxford Industries, Inc. (OXM) Downgraded to “Neutral” at DA Davidson
Oxford Industries, Inc. (NYSE:OXM) was downgraded by DA Davidson from a “buy” rating to a “neutral” rating in a research note issued to investors on Friday. They currently have a $68.00 price objective on the textile maker’s stock. DA Davidson’s price objective would indicate a potential upside of 12.84% from the company’s current price.
Other equities analysts have also issued reports about the company. TheStreet upgraded Oxford Industries from a “c+” rating to a “b-” rating in a research note on Thursday, June 15th. B. Riley reiterated a “buy” rating and issued a $66.00 target price on shares of Oxford Industries in a research note on Monday, June 5th. Zacks Investment Research lowered Oxford Industries from a “buy” rating to a “hold” rating in a research note on Wednesday. Telsey Advisory Group upped their price target on Oxford Industries from $53.00 to $58.00 and gave the stock a “market perform” rating in a research note on Wednesday, June 7th. Finally, BidaskClub lowered Oxford Industries from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Oxford Industries currently has a consensus rating of “Buy” and an average target price of $68.56.
Shares of Oxford Industries (OXM) traded down 6.15% during mid-day trading on Friday, hitting $60.26. The company had a trading volume of 217,876 shares. Oxford Industries has a 12 month low of $49.50 and a 12 month high of $76.19. The company has a market cap of $1.01 billion, a PE ratio of 20.30 and a beta of 0.36. The firm has a 50-day moving average of $61.17 and a 200-day moving average of $58.40.
Oxford Industries (NYSE:OXM) last released its earnings results on Thursday, August 31st. The textile maker reported $1.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.43 by $0.01. The firm had revenue of $284.70 million during the quarter, compared to analyst estimates of $291.34 million. Oxford Industries had a return on equity of 13.56% and a net margin of 4.64%. The business’s quarterly revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.48 earnings per share. On average, analysts expect that Oxford Industries will post $3.59 EPS for the current year.
Large investors have recently made changes to their positions in the business. Kernodle & Katon Asset Management Group LLC acquired a new stake in Oxford Industries during the first quarter worth about $106,000. Pinebridge Investments L.P. increased its stake in Oxford Industries by 1.5% during the second quarter. Pinebridge Investments L.P. now owns 1,977 shares of the textile maker’s stock worth $124,000 after acquiring an additional 30 shares during the last quarter. State of Alaska Department of Revenue increased its stake in Oxford Industries by 79.8% during the second quarter. State of Alaska Department of Revenue now owns 2,966 shares of the textile maker’s stock worth $185,000 after acquiring an additional 1,316 shares during the last quarter. Mason Street Advisors LLC increased its stake in Oxford Industries by 7.0% during the first quarter. Mason Street Advisors LLC now owns 3,490 shares of the textile maker’s stock worth $200,000 after acquiring an additional 229 shares during the last quarter. Finally, Stifel Financial Corp acquired a new stake in Oxford Industries during the second quarter worth about $202,000. Institutional investors own 86.61% of the company’s stock.
Oxford Industries Company Profile
Oxford Industries, Inc is an apparel company. The Company designs, sources, markets and distributes products bearing the trademarks of its owned Tommy Bahama, Lilly Pulitzer and Southern Tide lifestyle brands, other owned brands and licensed brands, as well as private label apparel products. It distributes its lifestyle branded products through its direct to consumer channels, consisting of its Tommy Bahama and Lilly Pulitzer full-price retail stores and its e-commerce sites for Tommy Bahama, Lilly Pulitzer and Southern Tide, and through its wholesale distribution channels.
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