Oxford Industries, Inc. (OXM) Downgraded to Hold at Zacks Investment Research
Zacks Investment Research cut shares of Oxford Industries, Inc. (NYSE:OXM) from a buy rating to a hold rating in a research note released on Wednesday.
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. “
Several other research firms also recently issued reports on OXM. Needham & Company LLC started coverage on Oxford Industries in a report on Tuesday, July 18th. They set a buy rating and a $68.00 price objective on the stock. B. Riley restated a buy rating and set a $66.00 price objective on shares of Oxford Industries in a report on Saturday, June 10th. FBR & Co set a $75.00 price objective on Oxford Industries and gave the stock a buy rating in a report on Monday, August 28th. DA Davidson downgraded Oxford Industries from a buy rating to a neutral rating and set a $68.00 price objective on the stock. in a report on Friday, September 8th. Finally, BidaskClub upgraded Oxford Industries from a hold rating to a buy rating in a report on Tuesday, June 13th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of Buy and an average price target of $68.22.
Shares of Oxford Industries (NYSE OXM) traded down 0.28% during trading on Wednesday, reaching $59.95. The company had a trading volume of 10,709 shares. The firm has a 50-day moving average price of $60.61 and a 200-day moving average price of $58.59. Oxford Industries has a 52-week low of $49.50 and a 52-week high of $76.19. The company has a market capitalization of $1.01 billion, a P/E ratio of 20.73 and a beta of 0.36.
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 the consensus estimate of $1.43 by $0.01. Oxford Industries had a return on equity of 13.56% and a net margin of 4.64%. The company had revenue of $284.70 million for the quarter, compared to the consensus estimate of $291.34 million. During the same period in the previous year, the business earned $1.48 EPS. Oxford Industries’s revenue for the quarter was up .6% compared to the same quarter last year. On average, analysts predict that Oxford Industries will post $3.59 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Stockholders of record on Friday, October 13th will be given a $0.27 dividend. The ex-dividend date of this dividend is Thursday, October 12th. This represents a $1.08 annualized dividend and a dividend yield of 1.80%. Oxford Industries’s payout ratio is 37.37%.
Several institutional investors and hedge funds have recently modified their holdings of OXM. Kernodle & Katon Asset Management Group LLC acquired a new position in shares of Oxford Industries in the 1st quarter worth approximately $106,000. Pinebridge Investments L.P. grew its position in shares of Oxford Industries by 1.5% in the 2nd quarter. Pinebridge Investments L.P. now owns 1,977 shares of the textile maker’s stock worth $124,000 after acquiring an additional 30 shares in the last quarter. State of Alaska Department of Revenue grew its position in shares of Oxford Industries by 79.8% in the 2nd quarter. State of Alaska Department of Revenue now owns 2,966 shares of the textile maker’s stock worth $185,000 after acquiring an additional 1,316 shares in the last quarter. Mason Street Advisors LLC grew its position in shares of Oxford Industries by 7.0% in the 1st quarter. Mason Street Advisors LLC now owns 3,490 shares of the textile maker’s stock worth $200,000 after acquiring an additional 229 shares in the last quarter. Finally, Stifel Financial Corp acquired a new position in shares of Oxford Industries in the 2nd quarter worth approximately $202,000. Institutional investors own 86.55% of the company’s stock.
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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