Oxford Industries (NYSE:OXM) Raised to Hold at Zacks Research

Oxford Industries (NYSE:OXM) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Tuesday,Zacks.com reports.

OXM has been the topic of several other research reports. Wall Street Zen lowered Oxford Industries from a “hold” rating to a “sell” rating in a report on Sunday, April 5th. UBS Group lowered their target price on Oxford Industries from $36.00 to $35.00 and set a “neutral” rating on the stock in a report on Thursday, March 19th. Citigroup upped their target price on Oxford Industries from $33.00 to $34.00 and gave the company a “neutral” rating in a report on Monday, March 30th. Telsey Advisory Group upped their target price on Oxford Industries from $36.00 to $51.00 and gave the company a “market perform” rating in a report on Wednesday, April 22nd. Finally, Truist Financial lowered their target price on Oxford Industries from $38.00 to $32.00 and set a “hold” rating on the stock in a report on Friday, March 27th. Six research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Oxford Industries presently has a consensus rating of “Reduce” and an average target price of $38.00.

Oxford Industries Trading Up 2.9%

Shares of OXM stock opened at $46.39 on Tuesday. The business’s fifty day moving average price is $40.73 and its 200 day moving average price is $38.65. Oxford Industries has a 1-year low of $30.57 and a 1-year high of $56.39. The firm has a market capitalization of $690.75 million, a PE ratio of -23.91 and a beta of 1.03. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.48.

Oxford Industries (NYSE:OXM) last announced its quarterly earnings data on Thursday, March 26th. The textile maker reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.14). The business 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 company’s revenue was down 4.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.37 EPS. As a group, sell-side analysts forecast that Oxford Industries will post 2.51 EPS for the current fiscal year.

Institutional Trading of Oxford Industries

A number of large investors have recently made changes to their positions in the stock. Bank of America Corp DE boosted its stake in shares of Oxford Industries by 21.8% during the first quarter. Bank of America Corp DE now owns 407,094 shares of the textile maker’s stock valued at $15,677,000 after acquiring an additional 72,999 shares during the last quarter. Quantinno Capital Management LP acquired a new stake in shares of Oxford Industries during the first quarter valued at $224,000. SummitTX Capital L.P. boosted its stake in shares of Oxford Industries by 144.9% during the first quarter. SummitTX Capital L.P. now owns 20,667 shares of the textile maker’s stock valued at $796,000 after acquiring an additional 12,227 shares during the last quarter. Punch & Associates Investment Management Inc. acquired a new stake in shares of Oxford Industries during the first quarter valued at $4,754,000. Finally, Gabelli Funds LLC acquired a new stake in shares of Oxford Industries during the first quarter valued at $385,000. Institutional investors and hedge funds own 91.16% of the company’s stock.

About Oxford Industries

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.