Zacks Investment Research downgraded shares of Oxford Industries Inc. (NYSE:OXM) from a buy rating to a hold rating in a research report released on Friday morning.

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. “

Several other research analysts have also weighed in on OXM. B. Riley reissued a buy rating and issued a $75.00 price objective on shares of Oxford Industries in a research report on Sunday, September 4th. Telsey Advisory Group lowered their price objective on Oxford Industries from $80.00 to $73.00 and set an outperform rating for the company in a research report on Wednesday, June 8th. SunTrust Banks Inc. lowered their price objective on Oxford Industries from $95.00 to $80.00 and set a buy rating for the company in a research report on Wednesday, June 8th. Stephens reissued a buy rating on shares of Oxford Industries in a research report on Monday, June 6th. Finally, Wunderlich lifted their price objective on Oxford Industries from $80.00 to $100.00 and gave the stock a buy rating in a research report on Wednesday, June 8th. Seven equities research analysts have rated the stock with a buy rating, The company currently has a consensus rating of Buy and an average price target of $84.86.

Shares of Oxford Industries (NYSE:OXM) opened at 68.98 on Friday. Oxford Industries has a 52-week low of $52.54 and a 52-week high of $77.99. The firm has a market capitalization of $1.16 billion, a PE ratio of 19.25 and a beta of 0.61. The stock has a 50 day moving average price of $64.35 and a 200-day moving average price of $63.39.

Oxford Industries (NYSE:OXM) last posted its quarterly earnings data on Wednesday, August 31st. The company reported $1.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.38 by $0.10. Oxford Industries had a return on equity of 18.08% and a net margin of 5.95%. The firm earned $283 million during the quarter. During the same period last year, the business posted $1.32 earnings per share. The business’s revenue was up 12.9% on a year-over-year basis. Equities analysts forecast that Oxford Industries will post $3.78 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 28th. Shareholders of record on Friday, October 14th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date of this dividend is Wednesday, October 12th. Oxford Industries’s dividend payout ratio is currently 30.25%.

Hedge funds have recently modified their holdings of the company. PineBridge Investments L.P. raised its stake in shares of Oxford Industries by 4.9% in the second quarter. PineBridge Investments L.P. now owns 1,870 shares of the company’s stock worth $106,000 after buying an additional 88 shares in the last quarter. Capstone Asset Management Co. raised its stake in shares of Oxford Industries by 4.0% in the second quarter. Capstone Asset Management Co. now owns 4,651 shares of the company’s stock worth $263,000 after buying an additional 180 shares in the last quarter. American International Group Inc. raised its stake in shares of Oxford Industries by 1.7% in the second quarter. American International Group Inc. now owns 11,231 shares of the company’s stock worth $636,000 after buying an additional 193 shares in the last quarter. Arizona State Retirement System raised its stake in shares of Oxford Industries by 2.7% in the second quarter. Arizona State Retirement System now owns 7,655 shares of the company’s stock worth $433,000 after buying an additional 200 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its stake in shares of Oxford Industries by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 2,091 shares of the company’s stock worth $118,000 after buying an additional 253 shares in the last quarter. 87.32% of the stock is owned by hedge funds and other institutional investors.

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 and Lilly Pulitzer lifestyle brands, as well as certain licensed and private label apparel products. The Company’s business is primarily operated through its Tommy Bahama, Lilly Pulitzer and Lanier Apparel operating groups.

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