Oxford Industries (NYSE:OXM) Cut to “Sell” at Wall Street Zen

Wall Street Zen lowered shares of Oxford Industries (NYSE:OXM) from a hold rating to a sell rating in a research report sent to investors on Sunday.

Other equities research analysts have also issued reports about the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Oxford Industries in a research report on Monday, December 29th. UBS Group dropped their price target on Oxford Industries from $36.00 to $35.00 and set a “neutral” rating on the stock in a research report on Thursday, March 19th. Citigroup upped their price target on Oxford Industries from $33.00 to $34.00 and gave the company a “neutral” rating in a research report on Monday, March 30th. Zacks Research raised Oxford Industries from a “strong sell” rating to a “hold” rating in a research report on Monday, March 16th. Finally, Telsey Advisory Group dropped their price target on Oxford Industries from $40.00 to $36.00 and set a “market perform” rating on the stock in a research report on Friday, March 27th. Six analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $34.25.

Oxford Industries Stock Up 3.9%

Shares of Oxford Industries stock opened at $39.50 on Friday. The stock’s fifty day moving average is $37.73 and its 200-day moving average is $37.72. The firm has a market capitalization of $588.17 million, a PE ratio of -20.36 and a beta of 1.00. The company has a quick ratio of 0.48, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. Oxford Industries has a 12-month low of $30.57 and a 12-month high of $60.31.

Oxford Industries (NYSE:OXM) last announced its earnings results on Thursday, March 26th. The textile maker reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.14). The company had revenue of $374.49 million for the quarter, compared to analyst estimates of $372.30 million. Oxford Industries had a positive return on equity of 5.68% and a negative net margin of 1.89%.The firm’s revenue for the quarter was down 4.1% on a year-over-year basis. During the same period last year, the firm earned $1.37 earnings per share. Equities analysts anticipate that Oxford Industries will post 6.62 earnings per share for the current year.

Oxford Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Friday, April 17th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, April 17th. This is a positive change from Oxford Industries’s previous quarterly dividend of $0.69. This represents a $2.80 annualized dividend and a yield of 7.1%. Oxford Industries’s payout ratio is presently -142.27%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of OXM. Hantz Financial Services Inc. grew its stake in Oxford Industries by 245.9% in the third quarter. Hantz Financial Services Inc. now owns 671 shares of the textile maker’s stock valued at $27,000 after purchasing an additional 477 shares in the last quarter. CWM LLC increased its position in Oxford Industries by 61.5% in the 3rd quarter. CWM LLC now owns 801 shares of the textile maker’s stock worth $32,000 after purchasing an additional 305 shares during the last quarter. GAMMA Investing LLC increased its position in Oxford Industries by 46.6% in the 4th quarter. GAMMA Investing LLC now owns 925 shares of the textile maker’s stock worth $32,000 after purchasing an additional 294 shares during the last quarter. Quarry LP acquired a new position in Oxford Industries in the 3rd quarter worth about $38,000. Finally, Signaturefd LLC increased its position in Oxford Industries by 28.1% in the 4th quarter. Signaturefd LLC now owns 1,368 shares of the textile maker’s stock worth $47,000 after purchasing an additional 300 shares during the last quarter. 91.16% of the stock is owned by institutional investors and hedge funds.

Oxford Industries Company Profile

Oxford Industries, Inc, incorporated in 1942 and headquartered in Atlanta, Georgia, is a leading designer, marketer and distributor of high-quality men’s and women’s lifestyle apparel and accessories. The company’s product portfolio features a mix of owned brands and licensed partnerships that span casual, resort and performance categories. Key owned brands include Tommy Bahama, renowned for its island-inspired menswear and women’s sportswear, and Southern Tide, which offers coastal-focused clothing and footwear.