Oxford Industries, Inc. (NYSE:OXM) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Wednesday, September 6th.
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 also recently commented on OXM. B. Riley reissued a “buy” rating and issued a $66.00 target price on shares of Oxford Industries in a research note on Saturday, June 10th. BidaskClub downgraded shares of Oxford Industries from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th. Telsey Advisory Group raised their price objective on shares of Oxford Industries from $53.00 to $58.00 and gave the stock a “market perform” rating in a report on Wednesday, June 7th. TheStreet raised shares of Oxford Industries from a “c+” rating to a “b-” rating in a report on Thursday, June 15th. Finally, Needham & Company LLC decreased their price objective on shares of Oxford Industries from $68.00 to $62.00 and set a “buy” rating for the company in a report on Friday, September 1st. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $68.22.
Shares of Oxford Industries (NYSE OXM) traded up 1.19% during midday trading on Wednesday, reaching $60.32. The company’s stock had a trading volume of 442,105 shares. The stock’s 50 day moving average price is $60.79 and its 200 day moving average price is $58.50. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of 20.86 and a beta of 0.36. Oxford Industries has a one year low of $49.50 and a one year high of $76.19.
Oxford Industries (NYSE:OXM) last issued its earnings results on Thursday, August 31st. The textile maker reported $1.44 EPS for the quarter, beating the Zacks’ consensus estimate of $1.43 by $0.01. Oxford Industries had a net margin of 4.64% and a return on equity of 13.56%. The business had revenue of $284.70 million for the quarter, compared to the consensus estimate of $291.34 million. During the same quarter last year, the firm posted $1.48 EPS. The business’s revenue for the quarter was up .6% compared to the same quarter last year. Analysts predict that Oxford Industries will post $3.59 earnings per share for the current year.
Hedge funds have recently added to or reduced their stakes in the business. Kernodle & Katon Asset Management Group LLC bought a new stake in shares of Oxford Industries during the 1st quarter worth about $106,000. Pinebridge Investments L.P. raised its position in shares of Oxford Industries by 1.5% during the 2nd quarter. Pinebridge Investments L.P. now owns 1,977 shares of the textile maker’s stock worth $124,000 after buying an additional 30 shares in the last quarter. State of Alaska Department of Revenue raised its holdings 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 purchasing an additional 1,316 shares in the last quarter. Stifel Financial Corp bought a new stake in shares of Oxford Industries in the 2nd quarter worth approximately $202,000. Finally, Piedmont Investment Advisors LLC bought a new stake in shares of Oxford Industries in the 2nd quarter worth approximately $203,000. Institutional investors own 86.56% 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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