Zacks Investment Research Downgrades Oxford Industries, Inc. (OXM) to Hold

Oxford Industries, Inc. (NYSE:OXM) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday, September 14th.

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. “

Other equities analysts have also issued reports about the company. FBR & Co reaffirmed a “buy” rating and issued a $75.00 price target on shares of Oxford Industries in a report on Tuesday, September 12th. 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 research report on Friday, September 8th. Needham & Company LLC lowered their price objective on Oxford Industries from $68.00 to $62.00 and set a “buy” rating on the stock in a research report on Friday, September 1st. BidaskClub downgraded Oxford Industries from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Finally, TheStreet upgraded Oxford Industries from a “c+” rating to a “b-” rating in a research report on Thursday, June 15th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $68.11.

Oxford Industries (NYSE OXM) opened at 60.16 on Thursday. The company has a market capitalization of $1.01 billion, a P/E ratio of 20.80 and a beta of 0.36. Oxford Industries has a 52 week low of $49.50 and a 52 week high of $76.19. The stock’s 50 day moving average price is $60.61 and its 200 day moving average price is $58.59.

Oxford Industries (NYSE:OXM) last released its earnings results on Thursday, August 31st. The textile maker reported $1.44 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $291.34 million. During the same period in the prior year, the company posted $1.48 earnings per share. Oxford Industries’s quarterly revenue was up .6% on a year-over-year basis. Analysts anticipate that Oxford Industries will post $3.59 earnings per share for the current year.

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Several large investors have recently made changes to their positions in the company. QS Investors LLC grew its stake in shares of Oxford Industries by 0.4% during the second quarter. QS Investors LLC now owns 3,629 shares of the textile maker’s stock valued at $227,000 after buying an additional 15 shares during the last quarter. 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 valued at $563,000 after buying an additional 23 shares during the last quarter. Pinebridge Investments L.P. grew its stake in shares of Oxford Industries by 1.5% during the second quarter. Pinebridge Investments L.P. now owns 1,977 shares of the textile maker’s stock valued at $124,000 after buying an additional 30 shares during the last quarter. Louisiana State Employees Retirement System grew its stake in shares of Oxford Industries by 1.7% during the first quarter. Louisiana State Employees Retirement System now owns 6,100 shares of the textile maker’s stock valued at $349,000 after buying an additional 100 shares during the last quarter. Finally, Arizona State Retirement System grew its stake in shares of Oxford Industries by 1.3% during the first quarter. Arizona State Retirement System now owns 7,755 shares of the textile maker’s stock valued at $444,000 after buying an additional 100 shares during the last quarter. 86.55% of the stock is currently owned by hedge funds and other institutional investors.

About Oxford Industries

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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