Oxford Industries, Inc. (NYSE:OXM) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Saturday. The firm currently has a $67.00 price objective on the textile maker’s stock. Zacks Investment Research‘s price objective would suggest a potential upside of 11.37% from the company’s current price.
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 research analysts have also recently commented on the company. FBR & Co restated a “buy” rating and issued a $75.00 target price on shares of Oxford Industries in a research note on Tuesday, September 12th. DA Davidson lowered Oxford Industries from a “buy” rating to a “neutral” rating and set a $68.00 target price on the stock. in a research note on Friday, September 8th. Needham & Company LLC decreased their target price on Oxford Industries from $68.00 to $62.00 and set a “buy” rating on the stock in a research note on Friday, September 1st. BidaskClub lowered Oxford Industries from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th. Finally, TheStreet upgraded Oxford Industries from a “c+” rating to a “b-” rating in a research note on Thursday, June 15th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $68.11.
Oxford Industries (OXM) opened at 60.16 on Friday. Oxford Industries has a 52 week low of $49.50 and a 52 week high of $76.19. The firm has a market cap of $1.01 billion, a PE ratio of 20.80 and a beta of 0.36. The stock has a 50 day moving average of $60.61 and a 200 day moving average of $58.59.
Oxford Industries (NYSE:OXM) last posted its quarterly earnings data on Thursday, August 31st. The textile maker reported $1.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.43 by $0.01. Oxford Industries had a return on equity of 13.56% and a net margin of 4.64%. The business had revenue of $284.70 million for the quarter, compared to analysts’ expectations of $291.34 million. During the same quarter in the previous year, the firm earned $1.48 earnings per share. The business’s revenue was up .6% on a year-over-year basis. Analysts anticipate that Oxford Industries will post $3.59 EPS for the current year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Morgan Stanley increased its position in Oxford Industries by 412.2% during the 1st quarter. Morgan Stanley now owns 251,504 shares of the textile maker’s stock valued at $14,401,000 after buying an additional 202,405 shares in the last quarter. Bank of America Corp DE increased its position in Oxford Industries by 14.8% during the 1st quarter. Bank of America Corp DE now owns 152,993 shares of the textile maker’s stock valued at $8,760,000 after buying an additional 19,675 shares in the last quarter. Schroder Investment Management Group bought a new position in Oxford Industries during the 1st quarter valued at approximately $13,408,000. Alps Advisors Inc. increased its position in Oxford Industries by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 9,005 shares of the textile maker’s stock valued at $563,000 after buying an additional 23 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in Oxford Industries by 5.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 612,624 shares of the textile maker’s stock valued at $38,283,000 after buying an additional 31,195 shares in the last quarter. Institutional investors own 86.55% of the company’s stock.
About Oxford Industries
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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