Oxford Industries (NYSE:OXM) Upgraded at Wall Street Zen

Oxford Industries (NYSE:OXM) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

A number of other equities analysts have also weighed in on the stock. Truist Financial lowered their price objective on shares of Oxford Industries from $38.00 to $32.00 and set a “hold” rating on the stock in a research report on Friday, March 27th. Zacks Research upgraded shares of Oxford Industries from a “strong sell” rating to a “hold” rating in a research report on Tuesday. Citigroup lifted their price objective on shares of Oxford Industries from $33.00 to $34.00 and gave the company a “neutral” rating in a research report on Monday, March 30th. UBS Group lowered their price objective on shares of Oxford Industries from $36.00 to $35.00 and set a “neutral” rating on the stock in a research report on Thursday, March 19th. Finally, Telsey Advisory Group lifted their price objective on shares of Oxford Industries from $36.00 to $51.00 and gave the company a “market perform” rating in a research report on Wednesday, April 22nd. Six research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Oxford Industries currently has an average rating of “Reduce” and a consensus target price of $38.00.

Oxford Industries Stock Performance

Shares of OXM opened at $44.60 on Friday. The company has a current ratio of 1.10, a quick ratio of 0.48 and a debt-to-equity ratio of 0.23. The firm has a market cap of $664.05 million, a PE ratio of -22.99 and a beta of 1.03. The company’s 50 day simple moving average is $41.19 and its 200-day simple moving average is $38.76. Oxford Industries has a 12-month low of $30.57 and a 12-month high of $56.39.

Oxford Industries (NYSE:OXM) last announced its earnings results on Thursday, March 26th. The textile maker reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.14). The business had revenue of $374.49 million for the quarter, compared to analysts’ expectations of $372.30 million. Oxford Industries had a positive return on equity of 5.68% and a negative net margin of 1.89%.The business’s revenue was down 4.1% on a year-over-year basis. During the same quarter last year, the business posted $1.37 earnings per share. As a group, equities analysts predict that Oxford Industries will post 2.51 EPS for the current year.

Institutional Investors Weigh In On Oxford Industries

A number of hedge funds and other institutional investors have recently bought and sold shares of OXM. Millennium Management LLC lifted its holdings in Oxford Industries by 1,374.3% in the fourth quarter. Millennium Management LLC now owns 326,607 shares of the textile maker’s stock valued at $11,170,000 after acquiring an additional 304,454 shares during the period. Qube Research & Technologies Ltd acquired a new position in Oxford Industries in the 2nd quarter valued at about $7,195,000. Two Sigma Investments LP raised its stake in Oxford Industries by 394.9% in the 3rd quarter. Two Sigma Investments LP now owns 191,740 shares of the textile maker’s stock valued at $7,773,000 after purchasing an additional 152,995 shares during the last quarter. Lazard Asset Management LLC raised its stake in Oxford Industries by 569.6% in the 3rd quarter. Lazard Asset Management LLC now owns 174,314 shares of the textile maker’s stock valued at $7,067,000 after purchasing an additional 148,283 shares during the last quarter. Finally, Dupree Financial Group LLC acquired a new position in Oxford Industries in the 4th quarter valued at about $4,493,000. Institutional investors and hedge funds own 91.16% of the company’s stock.

About Oxford Industries

Oxford Industries, Inc, incorporated in 1942 and headquartered in Atlanta, Georgia, is a leading designer, marketer and distributor of high-quality men’s and women’s lifestyle apparel and accessories. The company’s product portfolio features a mix of owned brands and licensed partnerships that span casual, resort and performance categories. Key owned brands include Tommy Bahama, renowned for its island-inspired menswear and women’s sportswear, and Southern Tide, which offers coastal-focused clothing and footwear.