Oxford Industries (NYSE:OXM) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Wednesday.
According to Zacks, “Oxford Industries, Inc. is an apparel company which designs, sources, markets and distributes products bearing the trademarks of its owned and licensed brands. Oxford’s owned brands include Tommy Bahama®, Lilly Pulitzer®, Oxford Golf®, and Billy London®. The Company operates retail stores, internet websites and restaurants. The Company has granted licenses to select third parties to produce and sell certain product categories under its Tommy Bahama and Lilly Pulitzer brands. The Company also holds exclusive licenses to produce and sell certain product categories under the Kenneth Cole®, Geoffrey Beene®, and Dockers® labels. Oxford’s wholesale customers include department stores, specialty stores, national chains, warehouse clubs, and Internet retailers. “
A number of other brokerages have also recently weighed in on OXM. KeyCorp reissued a “buy” rating and set a $78.00 price objective on shares of Oxford Industries in a research note on Friday, November 24th. Needham & Company LLC cut shares of Oxford Industries from a “buy” rating to a “hold” rating and set a $68.00 target price for the company. in a research note on Friday, December 1st. They noted that the move was a valuation call. Telsey Advisory Group lifted their target price on shares of Oxford Industries from $58.00 to $65.00 and gave the stock a “market perform” rating in a research note on Thursday, November 30th. DA Davidson raised shares of Oxford Industries from a “neutral” rating to a “buy” rating and set a $91.00 target price for the company in a research note on Thursday, January 4th. Finally, B. Riley reaffirmed a “buy” rating and issued a $84.00 target price on shares of Oxford Industries in a research note on Tuesday, January 9th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $77.80.
In other Oxford Industries news, insider James Wesley Howard, Jr. sold 4,750 shares of Oxford Industries stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $80.25, for a total value of $381,187.50. Following the completion of the sale, the insider now directly owns 6,204 shares of the company’s stock, valued at approximately $497,871. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.29% of the stock is currently owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in OXM. Capital Investment Advisors LLC purchased a new stake in shares of Oxford Industries during the 4th quarter valued at $229,000. Koch Industries Inc. purchased a new stake in shares of Oxford Industries during the 4th quarter valued at $229,000. Macquarie Group Ltd. purchased a new stake in shares of Oxford Industries during the 3rd quarter valued at $205,000. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Oxford Industries during the 3rd quarter valued at $222,000. Finally, Crossmark Global Holdings Inc. purchased a new stake in shares of Oxford Industries during the 3rd quarter valued at $228,000. 87.88% of the stock is owned by hedge funds and other institutional investors.
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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.
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