Oxford Industries (NYSE:OXM) Rating Lowered to Sell at Zacks Investment Research

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Zacks Investment Research lowered shares of Oxford Industries (NYSE:OXM) from a hold rating to a sell rating in a report issued on Thursday, Zacks.com reports.

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. “

Several other analysts also recently issued reports on OXM. ValuEngine raised shares of Oxford Industries from a sell rating to a hold rating in a research report on Friday, August 2nd. DA Davidson reaffirmed a neutral rating on shares of Oxford Industries in a research report on Monday, November 4th. B. Riley lowered their price objective on shares of Oxford Industries from $97.00 to $87.00 and set a buy rating for the company in a research report on Thursday, September 12th. Telsey Advisory Group lowered their price objective on shares of Oxford Industries from $78.00 to $72.00 and set a market perform rating for the company in a research report on Thursday, September 12th. Finally, Citigroup set a $86.00 price objective on shares of Oxford Industries and gave the company a buy rating in a research report on Thursday, September 12th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $81.43.

NYSE OXM opened at $74.42 on Thursday. Oxford Industries has a one year low of $63.50 and a one year high of $85.36. The company’s 50 day moving average price is $71.04 and its 200 day moving average price is $71.32. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.68 and a current ratio of 1.62. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of 17.23 and a beta of 0.47.

Oxford Industries (NYSE:OXM) last posted its quarterly earnings results on Wednesday, September 11th. The textile maker reported $1.84 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.86 by ($0.02). Oxford Industries had a net margin of 6.27% and a return on equity of 15.05%. The business had revenue of $302.00 million during the quarter, compared to analysts’ expectations of $306.98 million. During the same quarter in the previous year, the business posted $1.83 EPS. The company’s quarterly revenue was down .2% on a year-over-year basis. Sell-side analysts forecast that Oxford Industries will post 4.36 EPS for the current fiscal year.

In other Oxford Industries news, EVP Scott Grassmyer sold 2,838 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $73.07, for a total value of $207,372.66. Following the completion of the sale, the executive vice president now owns 33,311 shares of the company’s stock, valued at $2,434,034.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.10% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of OXM. BlackRock Inc. grew its position in shares of Oxford Industries by 13.6% during the second quarter. BlackRock Inc. now owns 2,835,463 shares of the textile maker’s stock worth $214,926,000 after buying an additional 339,482 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of Oxford Industries by 38.2% during the second quarter. Victory Capital Management Inc. now owns 686,983 shares of the textile maker’s stock worth $52,073,000 after buying an additional 189,885 shares in the last quarter. Maverick Capital Ltd. grew its position in shares of Oxford Industries by 345.7% during the third quarter. Maverick Capital Ltd. now owns 162,314 shares of the textile maker’s stock worth $11,638,000 after buying an additional 125,894 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of Oxford Industries during the second quarter worth approximately $8,619,000. Finally, Fort Washington Investment Advisors Inc. OH grew its position in shares of Oxford Industries by 102.7% during the second quarter. Fort Washington Investment Advisors Inc. OH now owns 190,500 shares of the textile maker’s stock worth $14,440,000 after buying an additional 96,500 shares in the last quarter. 98.11% of the stock is owned by institutional investors.

About Oxford Industries

Oxford Industries, Inc, an apparel company, designs, sources, markets, and distributes products of company owned and licensed brands, and private labels apparel products worldwide. The company offers men's and women's sportswear and related products under the Tommy Bahama brand; women's and girl's dresses and sportswear, scarves, bags, jewelry, and belts, as well as footwear and children's apparel under the Lilly Pulitzer brand; and men's shirts, pants, shorts, outerwear, ties, swimwear, footwear, and accessories, as well as women's products under the Southern Tide brand.

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