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. “
A number of other research firms have also recently weighed in on OXM. Citigroup Inc. began coverage on shares of Oxford Industries in a research note on Tuesday, November 15th. They set a “buy” rating and a $84.00 target price on the stock. B. Riley restated a “buy” rating and set a $75.00 target price on shares of Oxford Industries in a research note on Sunday, September 4th. DA Davidson restated a “buy” rating and set a $81.00 target price on shares of Oxford Industries in a research note on Thursday, September 22nd. began coverage on shares of Oxford Industries in a research note on Wednesday, September 28th. They set an “outperform” rating and a $78.00 target price on the stock. Finally, Telsey Advisory Group lifted their target price on shares of Oxford Industries from $73.00 to $77.00 and gave the company an “outperform” rating in a research note on Thursday, September 1st. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $81.50.
Oxford Industries (NYSE:OXM) opened at 75.10 on Tuesday. The company has a market capitalization of $1.26 billion, a PE ratio of 20.95 and a beta of 0.47. Oxford Industries has a 52 week low of $52.54 and a 52 week high of $77.99. The stock’s 50 day moving average price is $66.88 and its 200-day moving average price is $63.26.
Oxford Industries (NYSE:OXM) last released its earnings results on Wednesday, August 31st. The company reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.10. Oxford Industries had a net margin of 5.95% and a return on equity of 18.08%. The company had revenue of $283 million for the quarter. During the same quarter last year, the firm posted $1.32 EPS. The firm’s quarterly revenue was up 12.9% compared to the same quarter last year. On average, equities research analysts predict that Oxford Industries will post $3.73 earnings per share for the current fiscal year.
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In other news, insider James Wesley Howard, Jr. sold 2,500 shares of the business’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 sale, the insider now directly owns 10,680 shares in the company, valued at approximately $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.
Several hedge funds have recently bought and sold shares of OXM. PineBridge Investments L.P. increased its stake in 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 during the period. Teacher Retirement System of Texas increased its stake 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 worth $118,000 after buying an additional 253 shares during the period. Mason Street Advisors LLC acquired a new stake in Oxford Industries during the second quarter worth $163,000. Stanley Laman Group Ltd. acquired a new stake in Oxford Industries during the third quarter worth $193,000. Finally, Clinton Group Inc. acquired a new stake in Oxford Industries during the second quarter worth $203,000. Hedge funds and other institutional investors own 85.98% of the company’s stock.
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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