Oxford Industries (NYSE:OXM) Downgraded by Wall Street Zen to Sell

Oxford Industries (NYSE:OXM) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Sunday.

A number of other equities research analysts have also recently commented on the company. Zacks Research upgraded Oxford Industries from a “strong sell” rating to a “hold” rating in a research report on Monday, March 16th. Telsey Advisory Group lowered their price target on Oxford Industries from $40.00 to $36.00 and set a “market perform” rating on the stock in a research report on Friday, March 27th. Truist Financial dropped their price objective on Oxford Industries from $38.00 to $32.00 and set a “hold” rating on the stock in a report on Friday, March 27th. Weiss Ratings restated a “sell (d)” rating on shares of Oxford Industries in a research report on Monday, December 29th. Finally, Citigroup increased their target price on Oxford Industries from $33.00 to $34.00 and gave the company a “neutral” rating in a research report on Monday, March 30th. Six equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $34.25.

Oxford Industries Trading Down 0.0%

OXM opened at $39.29 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.48 and a current ratio of 1.10. The stock has a market cap of $585.04 million, a price-to-earnings ratio of -20.25 and a beta of 1.00. The stock’s 50 day moving average price is $37.68 and its 200-day moving average price is $37.86. Oxford Industries has a one year low of $30.57 and a one year high of $60.31.

Oxford Industries (NYSE:OXM) last announced its quarterly earnings results on Thursday, March 26th. The textile maker reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.14). Oxford Industries had a positive return on equity of 5.68% and a negative net margin of 1.89%.The firm had revenue of $374.49 million for the quarter, compared to analysts’ expectations of $372.30 million. During the same period last year, the company posted $1.37 earnings per share. The business’s quarterly revenue was down 4.1% on a year-over-year basis. On average, equities analysts forecast that Oxford Industries will post 6.62 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OXM. Invesco Ltd. grew its holdings in shares of Oxford Industries by 55.4% during the fourth quarter. Invesco Ltd. now owns 170,070 shares of the textile maker’s stock worth $5,816,000 after buying an additional 60,618 shares in the last quarter. XTX Topco Ltd lifted its stake in shares of Oxford Industries by 130.3% in the fourth quarter. XTX Topco Ltd now owns 48,730 shares of the textile maker’s stock worth $1,667,000 after buying an additional 27,569 shares in the last quarter. Wellington Management Group LLP boosted its position in Oxford Industries by 19.2% during the fourth quarter. Wellington Management Group LLP now owns 292,956 shares of the textile maker’s stock worth $10,019,000 after acquiring an additional 47,274 shares during the last quarter. SummitTX Capital L.P. grew its stake in Oxford Industries by 52.6% during the 4th quarter. SummitTX Capital L.P. now owns 8,440 shares of the textile maker’s stock valued at $289,000 after acquiring an additional 2,908 shares in the last quarter. Finally, Tudor Investment Corp ET AL purchased a new stake in Oxford Industries during the 4th quarter valued at about $203,000. Hedge funds and other institutional investors own 91.16% of the company’s stock.

About Oxford Industries

Oxford Industries, Inc, incorporated in 1942 and headquartered in Atlanta, Georgia, is a leading designer, marketer and distributor of high-quality men’s and women’s lifestyle apparel and accessories. The company’s product portfolio features a mix of owned brands and licensed partnerships that span casual, resort and performance categories. Key owned brands include Tommy Bahama, renowned for its island-inspired menswear and women’s sportswear, and Southern Tide, which offers coastal-focused clothing and footwear.