StockNews.com Downgrades Oxford Industries (NYSE:OXM) to Hold

Oxford Industries (NYSE:OXM) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Monday.

A number of other research firms also recently weighed in on OXM. UBS Group dropped their price target on Oxford Industries from $110.00 to $108.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 23rd. Telsey Advisory Group dropped their price target on Oxford Industries from $115.00 to $107.00 and set a “market perform” rating on the stock in a research note on Friday, September 1st. B. Riley initiated coverage on Oxford Industries in a research note on Monday. They set a “neutral” rating and a $90.00 price target on the stock. KeyCorp dropped their price target on Oxford Industries from $130.00 to $120.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 25th. Finally, Citigroup dropped their price target on Oxford Industries from $101.00 to $98.00 in a research note on Friday, September 1st. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $110.50.

Oxford Industries Stock Down 1.1 %

Shares of NYSE:OXM opened at $85.67 on Monday. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of 8.50 and a beta of 1.57. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.21 and a quick ratio of 0.52. The business’s 50-day moving average is $93.21 and its 200-day moving average is $99.63. Oxford Industries has a 1 year low of $82.33 and a 1 year high of $123.37.

Oxford Industries (NYSE:OXM) last announced its quarterly earnings data on Thursday, August 31st. The textile maker reported $3.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.46 by ($0.01). The business had revenue of $420.32 million during the quarter, compared to analyst estimates of $424.27 million. Oxford Industries had a net margin of 10.53% and a return on equity of 30.33%. The firm’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.61 earnings per share. Equities research analysts predict that Oxford Industries will post 10.51 earnings per share for the current year.

Institutional Trading of Oxford Industries

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. grew its holdings in shares of Oxford Industries by 52.5% in the first quarter. PNC Financial Services Group Inc. now owns 4,283 shares of the textile maker’s stock valued at $388,000 after acquiring an additional 1,475 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of Oxford Industries by 5.8% in the first quarter. Bank of Montreal Can now owns 5,204 shares of the textile maker’s stock valued at $488,000 after acquiring an additional 286 shares in the last quarter. MetLife Investment Management LLC grew its holdings in shares of Oxford Industries by 62.5% in the first quarter. MetLife Investment Management LLC now owns 8,637 shares of the textile maker’s stock valued at $782,000 after acquiring an additional 3,323 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of Oxford Industries by 2.9% in the first quarter. Rhumbline Advisers now owns 46,460 shares of the textile maker’s stock valued at $4,205,000 after acquiring an additional 1,311 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Oxford Industries by 14.0% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,688 shares of the textile maker’s stock valued at $1,239,000 after acquiring an additional 1,685 shares in the last quarter. 87.89% of the stock is owned by institutional investors.

About Oxford Industries

Oxford Industries, Inc, an apparel company, designs, sources, markets, and distributes products of lifestyle and other brands 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 and swimwear under the Lilly Pulitzer brand; and men's shirts, pants, shorts, outerwear, ties, swimwear, footwear, and accessories, as well as women and youth products under the Southern Tide brand.