Zacks Investment Research Lowers Oxford Industries (NYSE:OXM) to Hold

Zacks Investment Research lowered shares of Oxford Industries (NYSE:OXM) from a buy rating to a hold rating in a research report sent to investors on Thursday, January 4th.

According to Zacks, “Oxford Industries, Inc. is an apparel company which designs, sources, markets and distributes products bearing the trademarks of its owned and licensed brands. Oxford’s owned brands include Tommy Bahama®, Lilly Pulitzer®, Oxford Golf®, and Billy London®. The Company operates retail stores, internet websites and restaurants. The Company has granted licenses to select third parties to produce and sell certain product categories under its Tommy Bahama and Lilly Pulitzer brands. The Company also holds exclusive licenses to produce and sell certain product categories under the Kenneth Cole®, Geoffrey Beene®, and Dockers® labels. Oxford’s wholesale customers include department stores, specialty stores, national chains, warehouse clubs, and Internet retailers. “

OXM has been the topic of several other research reports. DA Davidson lowered 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. Telsey Advisory Group boosted their price target on Oxford Industries from $58.00 to $65.00 and gave the company a market perform rating in a research note on Thursday, November 30th. SunTrust Banks reaffirmed a buy rating and issued a $66.00 price target on shares of Oxford Industries in a research note on Tuesday, October 24th. B. Riley began coverage on Oxford Industries in a research report on Friday, December 22nd. They set a buy rating and a $84.00 target price for the company. Finally, Needham & Company LLC downgraded Oxford Industries from a buy rating to a hold rating and set a $68.00 price objective for the company. in a report on Friday, December 1st. They noted that the move was a valuation call. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Oxford Industries currently has an average rating of Buy and a consensus target price of $77.80.

Shares of Oxford Industries (NYSE OXM) traded up $0.94 during mid-day trading on Thursday, reaching $82.17. The company had a trading volume of 165,100 shares, compared to its average volume of 156,350. Oxford Industries has a fifty-two week low of $49.50 and a fifty-two week high of $82.30. The company has a market capitalization of $1,320.00, a PE ratio of 25.92, a P/E/G ratio of 2.18 and a beta of 0.37. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.99 and a quick ratio of 0.91.

Oxford Industries (NYSE:OXM) last announced its quarterly earnings data on Tuesday, December 5th. The textile maker reported $0.17 EPS for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.05. Oxford Industries had a return on equity of 14.26% and a net margin of 4.83%. The firm had revenue of $236.00 million during the quarter, compared to analyst estimates of $242.98 million. During the same period last year, the company posted ($0.07) EPS. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. sell-side analysts expect that Oxford Industries will post 3.67 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 2nd. Shareholders of record on Friday, January 19th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Thursday, January 18th. This represents a $1.08 annualized dividend and a yield of 1.31%. Oxford Industries’s dividend payout ratio is 34.07%.

In other news, Director Dennis M. Love sold 1,500 shares of the stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $72.09, for a total transaction of $108,135.00. Following the transaction, the director now owns 17,002 shares in the company, valued at $1,225,674.18. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 3.29% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Oxford Industries by 1.1% in the 2nd quarter. Vanguard Group Inc. now owns 1,330,589 shares of the textile maker’s stock valued at $83,148,000 after acquiring an additional 14,729 shares during the period. Dimensional Fund Advisors LP increased its position in Oxford Industries by 1.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 787,398 shares of the textile maker’s stock worth $50,031,000 after purchasing an additional 13,830 shares in the last quarter. Bank of New York Mellon Corp increased its position in Oxford Industries by 5.4% during the 2nd 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. Schroder Investment Management Group increased its position in Oxford Industries by 14.1% during the 3rd quarter. Schroder Investment Management Group now owns 387,778 shares of the textile maker’s stock worth $24,415,000 after purchasing an additional 47,842 shares in the last quarter. Finally, State Street Corp increased its position in Oxford Industries by 2.9% during the 2nd quarter. State Street Corp now owns 363,263 shares of the textile maker’s stock worth $22,694,000 after purchasing an additional 10,184 shares in the last quarter. 89.06% of the stock is currently owned by institutional investors and hedge funds.

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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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