Oxford Industries, Inc. (OXM) Rating Lowered to Hold at 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 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 equities analysts also recently commented on OXM. FBR & Co restated a “buy” rating and issued a $75.00 price target on shares of Oxford Industries in a research note on Tuesday, September 12th. DA Davidson downgraded shares of Oxford Industries from a “buy” rating to a “neutral” rating and set a $68.00 price target for the company. in a research note on Friday, September 8th. Needham & Company LLC dropped their price target on shares of Oxford Industries from $68.00 to $62.00 and set a “buy” rating for the company in a research note on Friday, September 1st. BidaskClub downgraded shares of Oxford Industries from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th. Finally, TheStreet upgraded shares of Oxford Industries from a “c+” rating to a “b-” rating in a research note on Thursday, June 15th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $66.88.
Oxford Industries (NYSE:OXM) opened at 62.96 on Wednesday. Oxford Industries has a 52 week low of $49.50 and a 52 week high of $76.19. The company has a market cap of $1.06 billion, a PE ratio of 21.77 and a beta of 0.36. The company has a 50-day moving average price of $60.61 and a 200 day moving average price of $58.59.
Oxford Industries (NYSE:OXM) last announced its earnings results on Thursday, August 31st. The textile maker reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.01. The company had revenue of $284.70 million for the quarter, compared to analyst estimates of $291.34 million. Oxford Industries had a return on equity of 13.56% and a net margin of 4.64%. The firm’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.48 earnings per share. On average, equities research analysts forecast that Oxford Industries will post $3.59 EPS for the current fiscal year.
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Hedge funds have recently modified their holdings of the stock. Morgan Stanley grew its stake in shares of Oxford Industries by 412.2% during the first quarter. Morgan Stanley now owns 251,504 shares of the textile maker’s stock worth $14,401,000 after purchasing an additional 202,405 shares in the last quarter. Bank of America Corp DE grew its stake in shares of Oxford Industries by 14.8% during the first quarter. Bank of America Corp DE now owns 152,993 shares of the textile maker’s stock worth $8,760,000 after purchasing an additional 19,675 shares in the last quarter. Schroder Investment Management Group acquired a new position in shares of Oxford Industries during the first quarter worth $13,408,000. Alps Advisors Inc. grew its stake in shares of Oxford Industries by 0.3% during the second quarter. Alps Advisors Inc. now owns 9,005 shares of the textile maker’s stock worth $563,000 after purchasing an additional 23 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Oxford Industries by 5.4% during the second quarter. Bank of New York Mellon Corp now owns 612,624 shares of the textile maker’s stock worth $38,283,000 after purchasing an additional 31,195 shares in the last quarter. Hedge funds and other 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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