Oxford Industries (OXM) Lowered to “Hold” at Zacks Investment Research

Zacks Investment Research lowered shares of Oxford Industries (NYSE:OXM) from a buy rating to a hold rating in a research report released 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. “

Several other equities research analysts have also commented on OXM. DA Davidson lowered Oxford Industries from a buy rating to a neutral rating and set a $68.00 price target on the stock. in a research note on Friday, September 8th. FBR & Co reissued a buy rating and set a $75.00 price target on shares of Oxford Industries in a research note on Tuesday, September 12th. Needham & Company LLC set a $62.00 price target on Oxford Industries and gave the stock a buy rating in a research note on Monday, October 16th. SunTrust Banks reissued a buy rating and set a $66.00 price target on shares of Oxford Industries in a research note on Tuesday, October 24th. Finally, B. Riley reissued a buy rating on shares of Oxford Industries in a research note on Wednesday, November 1st. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of Buy and an average price target of $77.80.

Shares of Oxford Industries (OXM) traded up $0.11 on Thursday, reaching $82.28. The company’s stock had a trading volume of 94,100 shares, compared to its average volume of 149,433. Oxford Industries has a 12 month low of $49.50 and a 12 month high of $82.90. The stock has a market cap of $1,380.00, a price-to-earnings ratio of 25.96, a PEG ratio of 2.24 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 earnings per share for the quarter, beating 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 company had revenue of $236.00 million for the quarter, compared to analyst estimates of $242.98 million. During the same quarter in the previous year, the company earned ($0.07) EPS. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. equities analysts predict that Oxford Industries will post 3.67 EPS for the current fiscal year.

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

In other Oxford Industries news, insider James Wesley Howard, Jr. sold 4,750 shares of the business’s stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $80.25, for a total value of $381,187.50. Following the completion of the transaction, the insider now directly owns 6,204 shares in the company, valued at approximately $497,871. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dennis M. Love sold 1,500 shares of the business’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $72.09, for a total value of $108,135.00. Following the completion of the transaction, the director now owns 17,002 shares of the company’s stock, valued at $1,225,674.18. The disclosure for this sale can be found here. 3.29% of the stock is currently owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the company. California Public Employees Retirement System increased its holdings in shares of Oxford Industries by 3.4% during the 2nd quarter. California Public Employees Retirement System now owns 58,300 shares of the textile maker’s stock worth $3,643,000 after buying an additional 1,900 shares during the last quarter. Bessemer Group Inc. increased its holdings in shares of Oxford Industries by 109,500.0% during the 3rd quarter. Bessemer Group Inc. now owns 21,920 shares of the textile maker’s stock worth $1,393,000 after buying an additional 21,900 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Oxford Industries by 60.9% during the 2nd quarter. Goldman Sachs Group Inc. now owns 44,747 shares of the textile maker’s stock worth $2,796,000 after buying an additional 16,943 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Oxford Industries by 1.1% during the 2nd quarter. Vanguard Group Inc. now owns 1,330,589 shares of the textile maker’s stock worth $83,148,000 after buying an additional 14,729 shares during the last quarter. Finally, Prudential Financial Inc. increased its holdings in shares of Oxford Industries by 133.6% during the 3rd quarter. Prudential Financial Inc. now owns 88,781 shares of the textile maker’s stock worth $5,641,000 after buying an additional 50,770 shares during the last quarter. Institutional investors and hedge funds own 89.06% of the company’s stock.

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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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