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 equities analysts also recently issued reports on OXM. B. Riley reaffirmed a “buy” rating and set a $71.00 price objective on shares of Oxford Industries in a report on Tuesday, August 30th. Telsey Advisory Group lifted their price objective on shares of Oxford Industries from $73.00 to $77.00 and gave the stock an “outperform” rating in a report on Thursday, September 1st. DA Davidson reaffirmed a “buy” rating and set a $81.00 price objective on shares of Oxford Industries in a report on Thursday, September 22nd. initiated coverage on shares of Oxford Industries in a report on Wednesday, September 28th. They set an “outperform” rating and a $78.00 price objective on the stock. Finally, Citigroup Inc. initiated coverage on shares of Oxford Industries in a report on Tuesday, November 15th. They set a “buy” rating and a $84.00 price objective on the stock. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Oxford Industries currently has an average rating of “Buy” and an average target price of $81.50.
Oxford Industries (NYSE:OXM) opened at 75.10 on Tuesday. The firm has a market capitalization of $1.26 billion, a P/E ratio of 20.95 and a beta of 0.47. Oxford Industries has a 1-year low of $52.54 and a 1-year high of $77.99. The company has a 50 day moving average of $66.88 and a 200 day moving average of $63.26.
Oxford Industries (NYSE:OXM) last posted its quarterly earnings data on Wednesday, August 31st. The company reported $1.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.38 by $0.10. The firm had revenue of $283 million for the quarter. Oxford Industries had a net margin of 5.95% and a return on equity of 18.08%. Oxford Industries’s revenue was up 12.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.32 earnings per share. On average, equities research analysts anticipate that Oxford Industries will post $3.73 earnings per share for the current year.
In related news, insider James Wesley Howard, Jr. sold 2,500 shares of the business’s stock in a transaction dated Friday, September 23rd. The stock was 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 3.18% of the stock is owned by corporate insiders.
A number of large investors have recently made changes to their positions in OXM. PineBridge Investments L.P. raised its position 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 last quarter. Teacher Retirement System of Texas raised its position 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 last quarter. Mason Street Advisors LLC bought a new position in Oxford Industries during the second quarter worth $163,000. Stanley Laman Group Ltd. bought a new position in Oxford Industries during the third quarter worth $193,000. Finally, Clinton Group Inc. bought a new position in Oxford Industries during the second quarter worth $203,000. Institutional investors and hedge funds own 85.98% of the company’s stock.
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.