Oxford Industries (NYSE:OXM) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued 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. “
Several other analysts have also issued reports on the stock. ValuEngine upgraded shares of Oxford Industries from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. B. Riley reiterated a “buy” rating and issued a $84.00 target price on shares of Oxford Industries in a research report on Tuesday, January 9th. SunTrust Banks lifted their target price on shares of Oxford Industries to $90.00 and gave the company a “buy” rating in a research report on Tuesday, January 9th. DA Davidson upgraded shares of Oxford Industries from a “neutral” rating to a “buy” rating and set a $91.00 target price on the stock in a research report on Thursday, January 4th. Finally, Telsey Advisory Group raised their price target on shares of Oxford Industries from $65.00 to $68.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 6th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Oxford Industries currently has a consensus rating of “Buy” and an average price target of $77.80.
Shares of Oxford Industries (OXM) opened at $80.25 on Wednesday. Oxford Industries has a 52-week low of $49.50 and a 52-week high of $84.32. The stock has a market cap of $1,358.10, a PE ratio of 26.31, a PEG ratio of 1.80 and a beta of 0.34. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.99 and a quick ratio of 0.91.
In other news, insider James Wesley Howard, Jr. sold 4,750 shares of the firm’s stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $80.25, for a total value of $381,187.50. Following the transaction, the insider now directly owns 6,204 shares of the company’s stock, valued at $497,871. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 3.29% of the company’s stock.
A number of hedge funds have recently modified their holdings of OXM. Macquarie Group Ltd. purchased a new position in Oxford Industries during the third quarter worth about $205,000. Raymond James Financial Services Advisors Inc. purchased a new position in Oxford Industries during the third quarter worth about $222,000. Crossmark Global Holdings Inc. purchased a new position in Oxford Industries during the third quarter worth about $228,000. Capital Investment Advisors LLC purchased a new position in Oxford Industries during the fourth quarter worth about $229,000. Finally, Koch Industries Inc. purchased a new position in Oxford Industries during the fourth quarter worth about $229,000. 87.88% of the stock is currently owned by institutional investors.
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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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