Oxford Industries, Inc. (OXM) Upgraded at Zacks Investment Research
Oxford Industries, Inc. (NYSE:OXM) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Friday. The firm presently has a $68.00 price objective on the textile maker’s stock. Zacks Investment Research‘s price objective indicates a potential upside of 12.73% from the stock’s current price.
According to Zacks, “Oxford Industries Inc.’s primary business is the design, manufacture, marketing and sale of consumer apparel products in the popular to better price ranges. Substantially all of their distribution facilities, offices and customers are located in the United States. Oxford is organized into four operating groups that reflect four major product lines: Oxford Shirt Group, Lanier Clothes, Oxford Slacks and the Oxford Womenswear Group. “
OXM has been the subject of a number of other research reports. BidaskClub lowered shares of Oxford Industries from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. FBR & Co reissued a “buy” rating and issued a $75.00 price objective on shares of Oxford Industries in a research report on Tuesday. TheStreet raised shares of Oxford Industries from a “c+” rating to a “b-” rating in a research report on Thursday, June 15th. Needham & Company LLC cut their price objective on shares of Oxford Industries from $68.00 to $62.00 and set a “buy” rating for the company in a research report on Friday, September 1st. Finally, Telsey Advisory Group boosted their price objective on shares of Oxford Industries from $53.00 to $58.00 and gave the company a “market perform” rating in a research report on Wednesday, June 7th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $68.22.
Shares of Oxford Industries (NYSE:OXM) traded up 1.19% during mid-day trading on Friday, hitting $60.32. 442,105 shares of the stock were exchanged. The stock has a market cap of $1.01 billion, a PE ratio of 20.86 and a beta of 0.36. The company has a 50-day moving average of $60.79 and a 200 day moving average of $58.50. Oxford Industries has a one year low of $49.50 and a one year high of $76.19.
Oxford Industries (NYSE:OXM) last posted its quarterly earnings data on Thursday, August 31st. The textile maker reported $1.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.01. The business had revenue of $284.70 million during the quarter, compared to analyst estimates of $291.34 million. Oxford Industries had a net margin of 4.64% and a return on equity of 13.56%. The company’s revenue was up .6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.48 earnings per share. On average, equities analysts predict that Oxford Industries will post $3.59 earnings per share for the current year.
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A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. grew its stake in Oxford Industries by 97,941.6% during the first quarter. BlackRock Inc. now owns 1,957,890 shares of the textile maker’s stock worth $112,110,000 after buying an additional 1,955,893 shares during the period. Vanguard Group Inc. grew its stake in Oxford Industries by 1.1% during the second quarter. Vanguard Group Inc. now owns 1,330,589 shares of the textile maker’s stock worth $83,148,000 after buying an additional 14,729 shares during the period. Dimensional Fund Advisors LP grew its stake in Oxford Industries by 7.2% during the second quarter. Dimensional Fund Advisors LP now owns 773,568 shares of the textile maker’s stock worth $48,340,000 after buying an additional 51,801 shares during the period. Bank of New York Mellon Corp grew its stake in Oxford Industries by 5.4% during the second quarter. Bank of New York Mellon Corp now owns 612,624 shares of the textile maker’s stock worth $38,283,000 after buying an additional 31,195 shares during the period. Finally, Foresters Investment Management Company Inc. grew its stake in Oxford Industries by 12.2% during the first quarter. Foresters Investment Management Company Inc. now owns 597,625 shares of the textile maker’s stock worth $34,220,000 after buying an additional 64,825 shares during the period. Institutional investors own 86.56% of the company’s stock.
About Oxford Industries
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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