Zacks Investment Research upgraded shares of Oxford Industries Inc. (NYSE:OXM) from a sell rating to a hold rating in a research note published on Wednesday.
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 issued reports on OXM. B. Riley reiterated a buy rating and set a $71.00 price target on shares of Oxford Industries in a research report on Tuesday, August 30th. Telsey Advisory Group boosted their price target on Oxford Industries from $73.00 to $77.00 and gave the stock an outperform rating in a research report on Thursday, September 1st. DA Davidson reiterated a buy rating and set a $81.00 price target on shares of Oxford Industries in a research report on Thursday, September 22nd. initiated coverage on Oxford Industries in a research report on Wednesday, September 28th. They set an outperform rating and a $78.00 price target for the company. Finally, Citigroup Inc. initiated coverage on Oxford Industries in a research report on Tuesday, November 15th. They set a buy rating and a $84.00 price target for the company. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The company has an average rating of Buy and a consensus target price of $81.50.
Shares of Oxford Industries (NYSE:OXM) opened at 76.12 on Wednesday. Oxford Industries has a 52-week low of $52.54 and a 52-week high of $77.99. The company’s 50-day moving average price is $66.62 and its 200-day moving average price is $63.13. The stock has a market cap of $1.28 billion, a PE ratio of 21.24 and a beta of 0.47.
Oxford Industries (NYSE:OXM) last issued its quarterly earnings data on Wednesday, August 31st. The company reported $1.48 EPS for the quarter, topping the Zacks’ consensus estimate of $1.38 by $0.10. The firm earned $283 million during the quarter. Oxford Industries had a return on equity of 18.08% and a net margin of 5.95%. Oxford Industries’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.32 earnings per share. Analysts expect that Oxford Industries will post $3.73 earnings per share for the current year.
In other news, insider James Wesley Howard, Jr. sold 2,500 shares of the business’s stock in a transaction on Friday, September 23rd. The stock was sold at an average price of $69.81, for a total transaction of $174,525.00. Following the sale, the insider now directly owns 10,680 shares of the company’s stock, valued at $745,570.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.18% of the company’s stock.
Several large investors have recently made changes to their positions in the company. SG Americas Securities LLC bought a new stake in shares of Oxford Industries during the second quarter worth about $463,000. Emerald Acquisition Ltd. bought a new stake in shares of Oxford Industries during the second quarter worth about $16,283,000. Swiss National Bank raised its stake in shares of Oxford Industries by 2.1% in the second quarter. Swiss National Bank now owns 24,400 shares of the company’s stock worth $1,382,000 after buying an additional 500 shares during the period. Societe Generale bought a new stake in shares of Oxford Industries during the second quarter worth about $463,000. Finally, California State Teachers Retirement System raised its stake in shares of Oxford Industries by 2.2% in the second quarter. California State Teachers Retirement System now owns 31,862 shares of the company’s stock worth $1,804,000 after buying an additional 688 shares during the period. 85.98% of the stock is currently owned by 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 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.