Zacks Investment Research Lowers Oxford Industries (OXM) to Sell

Oxford Industries (NYSE:OXM) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday, Zacks.com reports.

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 analysts also recently commented on OXM. Telsey Advisory Group reduced their price objective on Oxford Industries from $93.00 to $76.00 and set a “market perform” rating for the company in a research report on Thursday, December 13th. KeyCorp reduced their price objective on Oxford Industries from $104.00 to $90.00 and set an “overweight” rating for the company in a research report on Thursday, December 13th. DA Davidson downgraded Oxford Industries from a “buy” rating to a “neutral” rating and set a $71.00 price objective for the company. in a research report on Thursday, December 13th. Finally, CL King began coverage on Oxford Industries in a report on Friday, December 28th. They issued a “buy” rating and a $80.00 target price for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $90.00.

Shares of OXM stock opened at $76.17 on Tuesday. The company has a quick ratio of 0.77, a current ratio of 1.90 and a debt-to-equity ratio of 0.03. Oxford Industries has a 12 month low of $63.50 and a 12 month high of $97.19. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of 17.63, a PEG ratio of 1.64 and a beta of 0.30.

Oxford Industries (NYSE:OXM) last announced its quarterly earnings data on Thursday, March 28th. The textile maker reported $1.08 EPS for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.02. Oxford Industries had a return on equity of 15.73% and a net margin of 5.99%. The company had revenue of $298.54 million during the quarter, compared to the consensus estimate of $301.84 million. During the same quarter last year, the company earned $0.93 EPS. The company’s quarterly revenue was up 1.8% on a year-over-year basis. On average, equities research analysts forecast that Oxford Industries will post 4.58 EPS for the current year.

Institutional investors and hedge funds have recently modified their holdings of the company. Oppenheimer Asset Management Inc. acquired a new position in shares of Oxford Industries in the 4th quarter worth approximately $41,000. Meeder Asset Management Inc. acquired a new position in shares of Oxford Industries in the 4th quarter worth approximately $50,000. Tower Research Capital LLC TRC raised its holdings in shares of Oxford Industries by 167.2% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,189 shares of the textile maker’s stock worth $107,000 after buying an additional 744 shares in the last quarter. Hsbc Holdings PLC acquired a new position in shares of Oxford Industries in the 3rd quarter worth approximately $216,000. Finally, Riverhead Capital Management LLC increased its holdings in Oxford Industries by 33.9% during the 3rd quarter. Riverhead Capital Management LLC now owns 2,765 shares of the textile maker’s stock valued at $250,000 after purchasing an additional 700 shares in the last quarter. 93.41% of the stock is owned by institutional investors and hedge funds.

About Oxford Industries

Oxford Industries, Inc, an apparel company, designs, sources, markets, and distributes products of company owned and licensed brands, and private labels apparel products worldwide. The company offers men's and women's sportswear and related products under the Tommy Bahama brand; women's and girl's dresses and sportswear, scarves, bags, jewelry, and belts, as well as footwear and children's apparel under the Lilly Pulitzer brand; and men's shirts, pants, shorts, outerwear, ties, swimwear, footwear, and accessories, as well as women's products under the Southern Tide brand.

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