Oxford Industries, Inc. (OXM) Upgraded at Zacks Investment Research
Oxford Industries, Inc. (NYSE:OXM) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Thursday. The firm presently has a $71.00 price objective on the textile maker’s stock. Zacks Investment Research‘s price objective would suggest a potential upside of 9.64% from the company’s current price.
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 analysts have also recently weighed in on OXM. B. Riley reiterated a “buy” rating and issued a $66.00 target price on shares of Oxford Industries in a research note on Monday, June 5th. Telsey Advisory Group boosted their target price on shares of Oxford Industries from $53.00 to $58.00 and gave the company a “market perform” rating in a research note on Wednesday, June 7th. BidaskClub upgraded shares of Oxford Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th. TheStreet upgraded shares of Oxford Industries from a “c+” rating to a “b-” rating in a research note on Thursday, June 15th. Finally, FBR & Co started coverage on shares of Oxford Industries in a research note on Tuesday, July 11th. They issued an “outperform” rating and a $75.00 target price on the stock. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $70.00.
Shares of Oxford Industries (NYSE OXM) opened at 64.76 on Thursday. The company has a 50-day moving average of $61.20 and a 200 day moving average of $58.34. Oxford Industries has a 52 week low of $49.50 and a 52 week high of $76.19. The firm has a market capitalization of $1.09 billion, a P/E ratio of 21.81 and a beta of 0.36.
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 Zacks’ consensus estimate of $1.43 by $0.01. The firm had revenue of $284.70 million for the quarter, compared to analysts’ expectations of $291.34 million. Oxford Industries had a net margin of 4.64% and a return on equity of 13.56%. The company’s quarterly revenue was up .6% on a year-over-year basis. During the same period in the previous year, the company earned $1.48 earnings per share. Equities research analysts anticipate that Oxford Industries will post $3.59 earnings per share for the current year.
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Large investors have recently modified their holdings of the company. Morgan Stanley increased its holdings in shares of Oxford Industries by 412.2% in the 1st quarter. Morgan Stanley now owns 251,504 shares of the textile maker’s stock worth $14,401,000 after buying an additional 202,405 shares during the last quarter. Commerce Bank increased its holdings in shares of Oxford Industries by 9.2% in the 1st quarter. Commerce Bank now owns 5,910 shares of the textile maker’s stock worth $338,000 after buying an additional 500 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Oxford Industries by 14.8% in the 1st quarter. Bank of America Corp DE now owns 152,993 shares of the textile maker’s stock worth $8,760,000 after buying an additional 19,675 shares during the last quarter. Trexquant Investment LP bought a new position in shares of Oxford Industries in the 1st quarter worth $1,790,000. Finally, Airain ltd bought a new position in shares of Oxford Industries in the 1st quarter worth $670,000. 86.61% of the stock is currently owned by hedge funds and other institutional investors.
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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