Oxford Industries (NYSE:OXM) Upgraded by Zacks Research to “Hold” Rating

Oxford Industries (NYSE:OXM) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

Other research analysts have also recently issued research reports about the company. Truist Financial set a $38.00 price objective on Oxford Industries in a research note on Wednesday, January 14th. Weiss Ratings reissued a “sell (d)” rating on shares of Oxford Industries in a research note on Monday, December 29th. KeyCorp restated a “sector weight” rating on shares of Oxford Industries in a report on Thursday, December 11th. UBS Group lifted their price target on Oxford Industries from $35.00 to $36.00 and gave the stock a “neutral” rating in a research report on Thursday, January 8th. Finally, Telsey Advisory Group increased their price objective on shares of Oxford Industries from $35.00 to $40.00 and gave the company a “market perform” rating in a research report on Tuesday, January 13th. Six research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Oxford Industries has an average rating of “Reduce” and an average target price of $36.75.

Oxford Industries Price Performance

Shares of NYSE OXM opened at $32.95 on Monday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.62 and a current ratio of 1.33. The company has a 50 day simple moving average of $38.46 and a two-hundred day simple moving average of $38.56. Oxford Industries has a fifty-two week low of $30.57 and a fifty-two week high of $64.39. The company has a market capitalization of $490.25 million, a price-to-earnings ratio of -99.84 and a beta of 1.05.

Institutional Trading of Oxford Industries

A number of institutional investors and hedge funds have recently modified their holdings of OXM. Charles Schwab Investment Management Inc. lifted its holdings in shares of Oxford Industries by 6.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 754,762 shares of the textile maker’s stock valued at $25,813,000 after purchasing an additional 45,535 shares in the last quarter. American Century Companies Inc. increased its holdings in Oxford Industries by 6.0% in the 3rd quarter. American Century Companies Inc. now owns 595,107 shares of the textile maker’s stock worth $24,126,000 after buying an additional 33,871 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in Oxford Industries by 7.3% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 471,502 shares of the textile maker’s stock worth $19,115,000 after buying an additional 32,226 shares during the last quarter. Bank of America Corp DE lifted its stake in Oxford Industries by 3.3% during the 2nd quarter. Bank of America Corp DE now owns 442,334 shares of the textile maker’s stock valued at $17,804,000 after acquiring an additional 14,103 shares during the period. Finally, Geode Capital Management LLC lifted its stake in Oxford Industries by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 337,738 shares of the textile maker’s stock valued at $11,552,000 after acquiring an additional 944 shares during the period. Institutional investors own 91.16% of the company’s stock.

Oxford Industries Company Profile

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.