Oxford Industries (NYSE:OXM) Downgraded by Zacks Research to Strong Sell

Zacks Research cut shares of Oxford Industries (NYSE:OXM) from a hold rating to a strong sell rating in a report published on Tuesday,Zacks.com reports.

A number of other research analysts also recently commented on the company. Telsey Advisory Group lowered their target price on Oxford Industries from $40.00 to $36.00 and set a “market perform” rating on the stock in a research note on Friday, March 27th. UBS Group lowered their target price on Oxford Industries from $36.00 to $35.00 and set a “neutral” rating on the stock in a research note on Thursday, March 19th. Wall Street Zen downgraded Oxford Industries from a “hold” rating to a “sell” rating in a research note on Sunday, April 5th. Citigroup boosted their target price on Oxford Industries from $33.00 to $34.00 and gave the company a “neutral” rating in a research note on Monday, March 30th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Oxford Industries in a research note on Monday, December 29th. Five equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Oxford Industries presently has an average rating of “Reduce” and an average target price of $34.25.

Oxford Industries Stock Up 0.7%

NYSE:OXM opened at $44.53 on Tuesday. The firm has a market capitalization of $662.98 million, a price-to-earnings ratio of -22.96 and a beta of 1.00. Oxford Industries has a 1-year low of $30.57 and a 1-year high of $60.31. The company has a current ratio of 1.10, a quick ratio of 0.48 and a debt-to-equity ratio of 0.23. The business’s fifty day moving average price is $38.42 and its 200 day moving average price is $37.78.

Oxford Industries (NYSE:OXM) last posted its quarterly earnings results on Thursday, March 26th. The textile maker reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.14). The business had revenue of $374.49 million for the quarter, compared to analyst estimates of $372.30 million. Oxford Industries had a negative net margin of 1.89% and a positive return on equity of 5.68%. The firm’s quarterly revenue was down 4.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.37 earnings per share. On average, sell-side analysts forecast that Oxford Industries will post 6.62 earnings per share for the current fiscal year.

Oxford Industries Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Friday, April 17th will be paid a dividend of $0.70 per share. This is a boost from Oxford Industries’s previous quarterly dividend of $0.69. The ex-dividend date is Friday, April 17th. This represents a $2.80 annualized dividend and a dividend yield of 6.3%. Oxford Industries’s dividend payout ratio is currently -144.33%.

Institutional Trading of Oxford Industries

Large investors have recently made changes to their positions in the stock. Hantz Financial Services Inc. boosted 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 worth $27,000 after acquiring an additional 477 shares in the last quarter. CWM LLC boosted its stake in shares of Oxford Industries by 61.5% during the 3rd quarter. CWM LLC now owns 801 shares of the textile maker’s stock worth $32,000 after acquiring an additional 305 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Oxford Industries by 46.6% during the 4th quarter. GAMMA Investing LLC now owns 925 shares of the textile maker’s stock worth $32,000 after acquiring an additional 294 shares in the last quarter. Quarry LP bought a new stake in shares of Oxford Industries during the 3rd quarter worth about $38,000. Finally, Signaturefd LLC boosted its stake in shares of Oxford Industries by 28.1% during the 4th quarter. Signaturefd LLC now owns 1,368 shares of the textile maker’s stock worth $47,000 after acquiring an additional 300 shares in the last quarter. Institutional investors own 91.16% of the company’s stock.

About Oxford Industries

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.