Oxford Industries, Inc. (OXM) Downgraded by Zacks Investment Research
Zacks Investment Research cut shares of Oxford Industries, Inc. (NYSE:OXM) from a buy rating to a hold rating in a research note issued to investors on Thursday.
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 brokerages also recently commented on OXM. SunTrust Banks, Inc. restated a buy rating and issued a $66.00 price objective on shares of Oxford Industries in a research report on Tuesday, October 24th. Needham & Company LLC initiated coverage on Oxford Industries in a research report on Tuesday, July 18th. They issued a buy rating and a $68.00 price objective on the stock. FBR & Co set a $75.00 price objective on Oxford Industries and gave the company a buy rating in a research report on Monday, August 28th. DA Davidson downgraded Oxford Industries from a buy rating to a neutral rating and set a $68.00 price objective on the stock. in a research report on Friday, September 8th. Finally, BidaskClub downgraded 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 given a buy rating to the company’s stock. Oxford Industries presently has a consensus rating of Buy and an average price target of $66.78.
Oxford Industries (NYSE:OXM) traded down $0.89 during midday trading on Thursday, reaching $62.70. The company had a trading volume of 92,807 shares, compared to its average volume of 110,988. The stock has a market capitalization of $1,055.05, a P/E ratio of 20.10, a PEG ratio of 1.73 and a beta of 0.37. 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 has a 12 month low of $49.50 and a 12 month high of $76.19.
Oxford Industries (NYSE:OXM) last released its earnings results on Thursday, August 31st. The textile maker reported $1.44 earnings per share 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 the consensus estimate of $291.34 million. Oxford Industries had a return on equity of 13.56% and a net margin of 4.64%. Oxford Industries’s quarterly revenue was up .6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.48 earnings per share. sell-side analysts anticipate that Oxford Industries will post 3.63 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, October 27th. Investors of record on Friday, October 13th were given a $0.27 dividend. The ex-dividend date of this dividend was Thursday, October 12th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.72%. Oxford Industries’s dividend payout ratio is currently 37.37%.
Several large investors have recently bought and sold shares of the stock. BlackRock Inc. lifted its position in shares of Oxford Industries by 97,941.6% in the first quarter. BlackRock Inc. now owns 1,957,890 shares of the textile maker’s stock worth $112,110,000 after buying an additional 1,955,893 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Oxford Industries by 1.1% in the second 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 in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Oxford Industries by 7.2% in the second quarter. Dimensional Fund Advisors LP now owns 773,568 shares of the textile maker’s stock worth $48,340,000 after buying an additional 51,801 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Oxford Industries by 5.4% in the second quarter. Bank of New York Mellon Corp now owns 612,624 shares of the textile maker’s stock worth $38,283,000 after buying an additional 31,195 shares in the last quarter. Finally, State Street Corp lifted its position in shares of Oxford Industries by 2.9% in the second quarter. State Street Corp now owns 363,263 shares of the textile maker’s stock worth $22,694,000 after buying an additional 10,184 shares in the last quarter. Institutional investors own 86.69% of the company’s stock.
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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