Oxford Industries Inc. (OXM) Stock Rating Lowered by Zacks Investment Research
Oxford Industries Inc. (NYSE:OXM) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Friday.
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. “
A number of other equities analysts have also recently issued reports on OXM. B. Riley reiterated a “buy” rating and issued a $81.00 target price on shares of Oxford Industries in a report on Monday, June 6th. Stephens reiterated a “buy” rating on shares of Oxford Industries in a report on Monday, June 6th. Telsey Advisory Group cut their target price on Oxford Industries from $80.00 to $73.00 and set an “outperform” rating on the stock in a report on Wednesday, June 8th. Wunderlich raised their price objective on Oxford Industries from $80.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, June 8th. Finally, SunTrust Banks Inc. dropped their price objective on Oxford Industries from $95.00 to $80.00 and set a “buy” rating on the stock in a research note on Wednesday, June 8th. Seven research analysts have rated the stock with a buy rating, Oxford Industries has a consensus rating of “Buy” and a consensus price target of $84.86.
Shares of Oxford Industries (NYSE:OXM) opened at 69.03 on Friday. The company has a market cap of $1.16 billion, a PE ratio of 19.26 and a beta of 0.61. Oxford Industries has a 12 month low of $52.54 and a 12 month high of $80.86. The stock has a 50 day moving average of $63.68 and a 200-day moving average of $63.41.
Oxford Industries (NYSE:OXM) last issued its earnings results on Wednesday, August 31st. The company reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.10. Oxford Industries had a return on equity of 18.08% and a net margin of 5.95%. The company had revenue of $283 million for the quarter. During the same quarter in the prior year, the business earned $1.32 earnings per share. Oxford Industries’s revenue for the quarter was up 12.9% on a year-over-year basis. Equities analysts forecast that Oxford Industries will post $3.78 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 28th. Stockholders of record on Friday, October 14th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.56%. The ex-dividend date is Wednesday, October 12th. Oxford Industries’s dividend payout ratio is presently 30.25%.
Large investors have recently made changes to their positions in the stock. PineBridge Investments L.P. raised its stake in shares of Oxford Industries by 4.9% in the second quarter. PineBridge Investments L.P. now owns 1,870 shares of the company’s stock valued at $106,000 after buying an additional 88 shares in the last quarter. Teacher Retirement System of Texas raised its stake in shares of Oxford Industries by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 2,091 shares of the company’s stock valued at $118,000 after buying an additional 253 shares in the last quarter. Mason Street Advisors LLC acquired a new stake in shares of Oxford Industries during the second quarter valued at about $163,000. Clinton Group Inc. acquired a new stake in shares of Oxford Industries during the second quarter valued at about $203,000. Finally, Pacad Investment Ltd. acquired a new stake in shares of Oxford Industries during the second quarter valued at about $255,000. 87.37% of the stock is owned by hedge funds and other institutional investors.
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 and Lilly Pulitzer lifestyle brands, as well as certain licensed and private label apparel products. The Company’s business is primarily operated through its Tommy Bahama, Lilly Pulitzer and Lanier Apparel operating groups.
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