Oxford Industries, Inc. (NYSE:OXM) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors 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 analysts have also recently commented on OXM. B. Riley reissued a “buy” rating and set a $66.00 target price on shares of Oxford Industries in a research note on Monday, June 5th. Telsey Advisory Group upped their price objective on Oxford Industries from $53.00 to $58.00 and gave the stock a “market perform” rating in a research report on Wednesday, June 7th. BidaskClub raised Oxford Industries from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th. TheStreet raised Oxford Industries from a “c+” rating to a “b-” rating in a research report on Thursday, June 15th. Finally, FBR & Co initiated coverage on Oxford Industries in a research report on Tuesday, July 11th. They set an “outperform” rating and a $75.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Oxford Industries presently has a consensus rating of “Buy” and an average price target of $68.22.
Shares of Oxford Industries (NYSE OXM) opened at 60.05 on Wednesday. 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 1-year low of $49.50 and a 1-year high of $76.19. The stock has a market capitalization of $1.01 billion, a PE ratio of 20.76 and a beta of 0.36.
Oxford Industries (NYSE:OXM) last released its earnings results on Thursday, August 31st. The textile maker reported $1.44 EPS for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $284.70 million during the quarter, compared to analysts’ expectations of $291.34 million. During the same period in the previous year, the firm posted $1.48 EPS. Oxford Industries’s revenue for the quarter was up .6% on a year-over-year basis. On average, equities research analysts forecast that Oxford Industries will post $3.59 earnings per share for the current year.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. QS Investors LLC boosted its position in shares of Oxford Industries by 0.4% in the 2nd quarter. QS Investors LLC now owns 3,629 shares of the textile maker’s stock valued at $227,000 after purchasing an additional 15 shares during the period. Alps Advisors Inc. boosted its position in shares of Oxford Industries by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 9,005 shares of the textile maker’s stock valued at $563,000 after purchasing an additional 23 shares during the period. Pinebridge Investments L.P. boosted 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 valued at $124,000 after purchasing an additional 30 shares during the period. Louisiana State Employees Retirement System boosted its position in shares of Oxford Industries by 1.7% in the 1st quarter. Louisiana State Employees Retirement System now owns 6,100 shares of the textile maker’s stock valued at $349,000 after purchasing an additional 100 shares during the period. Finally, Arizona State Retirement System boosted its position in shares of Oxford Industries by 1.3% in the 1st quarter. Arizona State Retirement System now owns 7,755 shares of the textile maker’s stock valued at $444,000 after purchasing an additional 100 shares during the period. 86.55% 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, 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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