Oxford Industries (OXM) Downgraded by Needham & Company LLC

Oxford Industries (NYSE:OXM) was downgraded by analysts at Needham & Company LLC from a “buy” rating to a “hold” rating in a research note issued to investors on Friday, MarketBeat Ratings reports. They presently have a $68.00 price objective on the textile maker’s stock. Needham & Company LLC’s price target points to a potential upside of 2.98% from the company’s previous close. The analysts noted that the move was a valuation call.

A number of other equities analysts also recently issued reports on OXM. BidaskClub downgraded Oxford Industries from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. FBR & Co set a $75.00 price target on Oxford Industries and gave the company a “buy” rating in a report on Monday, August 28th. Zacks Investment Research downgraded Oxford Industries from a “buy” rating to a “hold” rating in a report on Thursday, August 31st. Finally, DA Davidson downgraded Oxford Industries from a “buy” rating to a “neutral” rating and set a $68.00 price target for the company. in a report on Friday, September 8th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $69.20.

Oxford Industries (OXM) traded down $2.97 on Friday, reaching $66.03. The company’s stock had a trading volume of 198,841 shares, compared to its average volume of 161,110. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.70 and a current ratio of 1.68. The company has a market capitalization of $1,110.00, a P/E ratio of 21.26, a price-to-earnings-growth ratio of 1.83 and a beta of 0.37. Oxford Industries has a twelve month low of $49.50 and a twelve month high of $72.36.

Oxford Industries (NYSE:OXM) last posted its quarterly earnings data on Thursday, August 31st. The textile maker reported $1.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.01. The business 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 quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.48 earnings per share. sell-side analysts predict that Oxford Industries will post 3.62 EPS for the current fiscal year.

Several large investors have recently modified their holdings of OXM. Pinebridge Investments L.P. boosted its position 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 valued at $124,000 after buying an additional 30 shares during the last quarter. State of Alaska Department of Revenue boosted its position 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 valued at $185,000 after buying an additional 1,316 shares during the last quarter. Stifel Financial Corp purchased a new stake in shares of Oxford Industries during the second quarter valued at $202,000. Piedmont Investment Advisors LLC purchased a new stake in shares of Oxford Industries during the second quarter valued at $203,000. Finally, Macquarie Group Ltd. purchased a new stake in shares of Oxford Industries during the third quarter valued at $205,000. Hedge funds and other institutional investors own 89.19% of the company’s stock.

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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.

Analyst Recommendations for Oxford Industries (NYSE:OXM)

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