Oxford Industries, Inc. (NYSE:OXM) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Thursday, November 2nd.
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 brokerages have also issued reports on OXM. SunTrust Banks, Inc. restated a “buy” rating and set a $66.00 target price on shares of Oxford Industries in a research report on Tuesday, October 24th. Needham & Company LLC started coverage on shares of Oxford Industries in a research report on Tuesday, July 18th. They set a “buy” rating and a $68.00 target price on the stock. FBR & Co set a $75.00 target price on shares of Oxford Industries and gave the stock a “buy” rating in a research report on Monday, August 28th. DA Davidson lowered shares of Oxford Industries from a “buy” rating to a “neutral” rating and set a $68.00 target price on the stock. in a research report on Friday, September 8th. Finally, BidaskClub lowered shares of Oxford Industries from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Oxford Industries presently has a consensus rating of “Buy” and a consensus target price of $66.78.
Oxford Industries (NYSE OXM) opened at $63.06 on Thursday. The company has a market cap of $1,063.96, a P/E ratio of 20.27, a price-to-earnings-growth ratio of 1.75 and a beta of 0.37. Oxford Industries has a one year low of $49.50 and a one year high of $76.19. The company has a quick ratio of 0.70, a current ratio of 1.68 and a debt-to-equity ratio of 0.09.
Oxford Industries (NYSE:OXM) last announced its quarterly earnings results on Thursday, August 31st. The textile maker reported $1.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.43 by $0.01. The company had revenue of $284.70 million for the quarter, compared to analyst estimates of $291.34 million. Oxford Industries had a net margin of 4.64% and a return on equity of 13.56%. The firm’s revenue was up .6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.48 earnings per share. equities research analysts anticipate that Oxford Industries will post 3.62 EPS for the current fiscal year.
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Hedge funds and other institutional investors have recently modified their holdings of the stock. Pinebridge Investments L.P. lifted its holdings in Oxford Industries by 1.5% in the second quarter. Pinebridge Investments L.P. now owns 1,977 shares of the textile maker’s stock valued at $124,000 after acquiring an additional 30 shares during the period. State of Alaska Department of Revenue lifted its holdings in Oxford Industries by 79.8% in the second quarter. State of Alaska Department of Revenue now owns 2,966 shares of the textile maker’s stock valued at $185,000 after acquiring an additional 1,316 shares during the period. Stifel Financial Corp acquired a new stake in Oxford Industries in the second quarter valued at $202,000. Piedmont Investment Advisors LLC acquired a new stake in Oxford Industries in the second quarter valued at $203,000. Finally, Macquarie Group Ltd. acquired a new stake in Oxford Industries in the third quarter valued at $205,000. 86.91% of the stock is 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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