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

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

Several other analysts have also commented on OXM. UBS Group cut their target price on shares of Oxford Industries from $36.00 to $35.00 and set a “neutral” rating for the company in a research note on Thursday, March 19th. Telsey Advisory Group increased their target price on shares of Oxford Industries from $36.00 to $51.00 and gave the company a “market perform” rating in a research note on Wednesday, April 22nd. Citigroup increased their target price on shares of Oxford Industries from $33.00 to $34.00 and gave the company a “neutral” rating in a research note on Monday, March 30th. Truist Financial cut their target price on shares of Oxford Industries from $38.00 to $32.00 and set a “hold” rating for the company in a research note on Friday, March 27th. Finally, Wall Street Zen lowered shares of Oxford Industries from a “hold” rating to a “sell” rating in a research note on Sunday, April 5th. Six research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $38.00.

Oxford Industries Trading Up 2.9%

Oxford Industries stock opened at $46.39 on Tuesday. The firm has a 50 day simple moving average of $40.73 and a 200-day simple moving average of $38.65. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.48. The stock has a market capitalization of $690.75 million, a PE ratio of -23.91 and a beta of 1.03. Oxford Industries has a 12-month low of $30.57 and a 12-month high of $56.39.

Oxford Industries (NYSE:OXM) last released its earnings results on Thursday, March 26th. The textile maker reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.14). Oxford Industries had a negative net margin of 1.89% and a positive return on equity of 5.68%. The business had revenue of $374.49 million for the quarter, compared to analyst estimates of $372.30 million. During the same period in the prior year, the company earned $1.37 earnings per share. The firm’s revenue for the quarter was down 4.1% on a year-over-year basis. As a group, equities research analysts expect that Oxford Industries will post 2.51 EPS for the current fiscal year.

Institutional Investors Weigh In On Oxford Industries

Several hedge funds have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its position in shares of Oxford Industries by 6.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 754,762 shares of the textile maker’s stock valued at $25,813,000 after acquiring an additional 45,535 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Oxford Industries by 6.0% in the 3rd quarter. American Century Companies Inc. now owns 595,107 shares of the textile maker’s stock valued at $24,126,000 after acquiring an additional 33,871 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Oxford Industries by 7.3% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 471,502 shares of the textile maker’s stock valued at $19,115,000 after acquiring an additional 32,226 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Oxford Industries by 3.3% in the 2nd quarter. Bank of America Corp DE now owns 442,334 shares of the textile maker’s stock valued at $17,804,000 after acquiring an additional 14,103 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Oxford Industries by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 337,738 shares of the textile maker’s stock valued at $11,552,000 after acquiring an additional 944 shares in the last quarter. Hedge funds and other institutional investors own 91.16% of the company’s stock.

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.