Oxford Industries Inc. (OXM) Upgraded by Zacks Investment Research to Hold
Oxford Industries Inc. (NYSE:OXM) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Tuesday.
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 analysts have also commented on the stock. DA Davidson restated a “buy” rating and set a $81.00 price target on shares of Oxford Industries in a research report on Thursday, September 22nd. initiated coverage on shares of Oxford Industries in a research report on Wednesday, September 28th. They set an “outperform” rating and a $78.00 price target on the stock. Telsey Advisory Group raised their price target on shares of Oxford Industries from $73.00 to $77.00 and gave the company an “outperform” rating in a research report on Thursday, September 1st. Citigroup Inc. initiated coverage on shares of Oxford Industries in a report on Tuesday, November 15th. They set a “buy” rating and a $84.00 price objective on the stock. Finally, B. Riley reaffirmed a “buy” rating and set a $71.00 price objective on shares of Oxford Industries in a report on Tuesday, August 30th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $81.50.
Oxford Industries (NYSE:OXM) opened at 75.10 on Tuesday. Oxford Industries has a one year low of $52.54 and a one year high of $77.99. The company’s 50-day moving average is $66.88 and its 200 day moving average is $63.26. The company has a market capitalization of $1.26 billion, a P/E ratio of 20.95 and a beta of 0.47.
Oxford Industries (NYSE:OXM) last released its quarterly earnings results on Wednesday, August 31st. The company reported $1.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.38 by $0.10. The company had revenue of $283 million for the quarter. Oxford Industries had a net margin of 5.95% and a return on equity of 18.08%. The firm’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.32 EPS. On average, equities analysts anticipate that Oxford Industries will post $3.73 earnings per share for the current year.
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In other news, insider James Wesley Howard, Jr. sold 2,500 shares of the firm’s stock in a transaction dated Friday, September 23rd. The shares were sold at an average price of $69.81, for a total value of $174,525.00. Following the transaction, the insider now directly owns 10,680 shares of the company’s stock, valued at $745,570.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 3.18% of the stock is currently owned by insiders.
Institutional investors have recently bought and sold shares of the company. PineBridge Investments L.P. increased its position in Oxford Industries by 4.9% in the second quarter. PineBridge Investments L.P. now owns 1,870 shares of the company’s stock valued at $106,000 after buying an additional 88 shares in the last quarter. Teacher Retirement System of Texas increased its position in Oxford Industries by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 2,091 shares of the company’s stock valued at $118,000 after buying an additional 253 shares in the last quarter. Stanley Laman Group Ltd. acquired a new position in Oxford Industries during the third quarter valued at $193,000. Mason Street Advisors LLC acquired a new position in Oxford Industries during the second quarter valued at $163,000. Finally, Clinton Group Inc. purchased a new position in shares of Oxford Industries during the second quarter worth approximately $203,000. 85.98% of the stock is currently 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 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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