Oxford Industries (OXM) Cut to “Hold” at Zacks Investment Research
Zacks Investment Research lowered shares of Oxford Industries (NYSE:OXM) from a buy rating to a hold rating in a research report report published on Wednesday.
According to Zacks, “Oxford Industries, Inc. is an apparel company which designs, sources, markets and distributes products bearing the trademarks of its owned and licensed brands. Oxford’s owned brands include Tommy Bahama®, Lilly Pulitzer®, Oxford Golf®, and Billy London®. The Company operates retail stores, internet websites and restaurants. The Company has granted licenses to select third parties to produce and sell certain product categories under its Tommy Bahama and Lilly Pulitzer brands. The Company also holds exclusive licenses to produce and sell certain product categories under the Kenneth Cole®, Geoffrey Beene®, and Dockers® labels. Oxford’s wholesale customers include department stores, specialty stores, national chains, warehouse clubs, and Internet retailers. “
A number of other brokerages have also weighed in on OXM. FBR & Co set a $75.00 price target on shares of Oxford Industries and gave the company a buy rating in a report on Monday, August 28th. Needham & Company LLC decreased their price target on shares of Oxford Industries from $68.00 to $62.00 and set a buy rating on the stock in a report on Friday, September 1st. DA Davidson lowered shares of Oxford Industries from a buy rating to a neutral rating and set a $68.00 price target on the stock. in a report on Friday, September 8th. SunTrust Banks reiterated a buy rating and issued a $66.00 price target on shares of Oxford Industries in a report on Tuesday, October 24th. Finally, B. Riley reiterated a buy rating on shares of Oxford Industries in a report on Wednesday, November 1st. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Oxford Industries has a consensus rating of Buy and an average price target of $73.00.
Oxford Industries (NYSE:OXM) traded up $0.57 during mid-day trading on Wednesday, reaching $74.70. 281,762 shares of the company’s stock traded hands, compared to its average volume of 176,147. The stock has a market cap of $1,247.84, a PE ratio of 24.49, a P/E/G ratio of 2.02 and a beta of 0.39. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.99 and a quick ratio of 0.91. Oxford Industries has a 12-month low of $49.50 and a 12-month high of $75.08.
Oxford Industries (NYSE:OXM) last released its earnings results on Tuesday, December 5th. The textile maker reported $0.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.05. The firm had revenue of $236.00 million during the quarter, compared to analysts’ expectations of $242.98 million. Oxford Industries had a net margin of 4.83% and a return on equity of 14.26%. Oxford Industries’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the previous year, the company earned ($0.07) EPS. equities analysts anticipate that Oxford Industries will post 3.67 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, February 2nd. Shareholders of record on Friday, January 19th will be issued a $0.27 dividend. The ex-dividend date is Thursday, January 18th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.45%. Oxford Industries’s dividend payout ratio (DPR) is presently 35.41%.
In related news, Director Dennis M. Love sold 1,500 shares of Oxford Industries stock in a transaction on Friday, December 8th. The shares were sold at an average price of $72.09, for a total transaction of $108,135.00. Following the transaction, the director now owns 17,002 shares in the company, valued at approximately $1,225,674.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.29% of the stock is owned by company insiders.
Large investors have recently bought and sold shares of the stock. Pinebridge Investments L.P. lifted its holdings in shares of Oxford Industries by 1.5% during the 2nd quarter. Pinebridge Investments L.P. now owns 1,977 shares of the textile maker’s stock valued at $124,000 after acquiring an additional 30 shares in the last quarter. Macquarie Group Ltd. acquired a new position in shares of Oxford Industries during the 3rd quarter valued at $205,000. Stifel Financial Corp acquired a new position in shares of Oxford Industries during the 2nd quarter valued at $202,000. Piedmont Investment Advisors LLC acquired a new position in shares of Oxford Industries during the 2nd quarter valued at $203,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in shares of Oxford Industries during the 3rd quarter valued at $222,000. Institutional investors and hedge funds own 89.06% of the company’s stock.
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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, Lilly Pulitzer and Southern Tide lifestyle brands, other owned brands and licensed brands, as well as private label apparel products. It distributes its lifestyle branded products through its direct to consumer channels, consisting of its Tommy Bahama and Lilly Pulitzer full-price retail stores and its e-commerce sites for Tommy Bahama, Lilly Pulitzer and Southern Tide, and through its wholesale distribution channels.
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