Oxford Industries, Inc. (OXM) Cut to “Hold” at Zacks Investment Research
Oxford Industries, Inc. (NYSE:OXM) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Thursday.
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. “
Several other equities research analysts also recently commented on OXM. B. Riley reissued a “buy” rating and issued a $66.00 price objective on shares of Oxford Industries in a report on Saturday, June 10th. FBR & Co reissued a “buy” rating and issued a $75.00 price objective on shares of Oxford Industries in a report on Tuesday, September 12th. BidaskClub downgraded Oxford Industries from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. DA Davidson downgraded Oxford Industries from a “buy” rating to a “neutral” rating and set a $68.00 price objective for the company. in a report on Friday, September 8th. Finally, Telsey Advisory Group increased their price objective on Oxford Industries from $53.00 to $58.00 and gave the company a “market perform” rating in a report on Wednesday, June 7th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $68.22.
Oxford Industries (NYSE OXM) traded up 1.19% during mid-day trading on Thursday, reaching $60.32. 442,105 shares of the company’s stock were exchanged. The company has a market cap of $1.01 billion, a PE ratio of 20.86 and a beta of 0.36. The stock has a 50-day moving average price of $60.79 and a 200 day moving average price of $58.50. Oxford Industries has a 52-week low of $49.50 and a 52-week high of $76.19.
Oxford Industries (NYSE:OXM) last released its quarterly earnings data on Thursday, August 31st. The textile maker reported $1.44 EPS for the quarter, beating the consensus estimate of $1.43 by $0.01. The company had revenue of $284.70 million during the quarter, compared to the consensus estimate of $291.34 million. Oxford Industries had a return on equity of 13.56% and a net margin of 4.64%. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.48 EPS. Equities analysts predict that Oxford Industries will post $3.59 earnings per share for the current fiscal year.
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A number of institutional investors have recently made changes to their positions in OXM. Kernodle & Katon Asset Management Group LLC acquired a new stake in Oxford Industries during the 1st quarter valued at $106,000. Pinebridge Investments L.P. lifted its holdings in shares of 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 buying an additional 30 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of 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 buying an additional 1,316 shares in the last quarter. Mason Street Advisors LLC lifted its holdings in shares of 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 buying an additional 229 shares in the last quarter. Finally, Stifel Financial Corp acquired a new stake in shares of Oxford Industries during the second quarter worth $202,000. 86.56% of the stock is owned by institutional investors and hedge funds.
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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