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

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

A number of other research firms also recently issued reports on OXM. Truist Financial set a $38.00 price target on Oxford Industries in a research note on Wednesday, January 14th. KeyCorp reiterated a “sector weight” rating on shares of Oxford Industries in a research report on Thursday, December 11th. UBS Group upped their price target on shares of Oxford Industries from $35.00 to $36.00 and gave the company a “neutral” rating in a research report on Thursday, January 8th. Telsey Advisory Group increased their price objective on shares of Oxford Industries from $35.00 to $40.00 and gave the stock a “market perform” rating in a research note on Tuesday, January 13th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Oxford Industries in a report on Monday, December 29th. Six equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $36.75.

Oxford Industries Trading Down 7.9%

NYSE:OXM opened at $32.95 on Monday. The company has a current ratio of 1.33, a quick ratio of 0.62 and a debt-to-equity ratio of 0.27. Oxford Industries has a 12 month low of $30.57 and a 12 month high of $64.39. The company has a market cap of $490.25 million, a PE ratio of -99.84 and a beta of 1.05. The company has a 50 day simple moving average of $38.46 and a two-hundred day simple moving average of $38.56.

Institutional Trading of Oxford Industries

A number of hedge funds and other institutional investors have recently modified their holdings of OXM. Hantz Financial Services Inc. lifted its stake in shares of Oxford Industries by 245.9% during the 3rd quarter. Hantz Financial Services Inc. now owns 671 shares of the textile maker’s stock valued at $27,000 after buying an additional 477 shares in the last quarter. CWM LLC lifted its position in shares of Oxford Industries by 61.5% in the third quarter. CWM LLC now owns 801 shares of the textile maker’s stock valued at $32,000 after acquiring an additional 305 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Oxford Industries by 46.6% in the fourth quarter. GAMMA Investing LLC now owns 925 shares of the textile maker’s stock valued at $32,000 after acquiring an additional 294 shares in the last quarter. Quarry LP bought a new position in shares of Oxford Industries in the third quarter worth about $38,000. Finally, Signaturefd LLC boosted its stake in shares of Oxford Industries by 28.1% in the fourth quarter. Signaturefd LLC now owns 1,368 shares of the textile maker’s stock worth $47,000 after acquiring an additional 300 shares during the period. 91.16% of the stock is owned by hedge funds and other institutional investors.

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.