Zacks Research Downgrades Oxford Industries (NYSE:OXM) to Strong Sell

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

Several other research firms have also recently weighed in on OXM. Citigroup boosted their price target on Oxford Industries from $33.00 to $34.00 and gave the stock a “neutral” rating in a report on Monday, March 30th. Truist Financial cut their target price on shares of Oxford Industries from $38.00 to $32.00 and set a “hold” rating on the stock in a research report on Friday, March 27th. UBS Group reduced their target price on shares of Oxford Industries from $36.00 to $35.00 and set a “neutral” rating on the stock in a report on Thursday, March 19th. Wall Street Zen cut shares of Oxford Industries from a “hold” rating to a “sell” rating in a research report on Sunday, April 5th. Finally, Telsey Advisory Group dropped their price target on shares of Oxford Industries from $40.00 to $36.00 and set a “market perform” rating for the company in a research note on Friday, March 27th. Five research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $34.25.

Oxford Industries Price Performance

Oxford Industries stock opened at $44.53 on Tuesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.48 and a current ratio of 1.10. Oxford Industries has a 52 week low of $30.57 and a 52 week high of $60.31. The stock has a market capitalization of $662.98 million, a P/E ratio of -22.96 and a beta of 1.00. The stock has a fifty day moving average of $38.42 and a 200-day moving average of $37.78.

Oxford Industries (NYSE:OXM) last posted its quarterly earnings results on Thursday, March 26th. The textile maker reported ($0.09) 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 business had revenue of $374.49 million for the quarter, compared to analyst estimates of $372.30 million. During the same period last year, the firm posted $1.37 EPS. Oxford Industries’s quarterly revenue was down 4.1% on a year-over-year basis. On average, sell-side analysts expect that Oxford Industries will post 6.62 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Oxford Industries

Several institutional investors and hedge funds have recently made changes to their positions in OXM. Millennium Management LLC increased its stake in shares of Oxford Industries by 1,374.3% in the fourth quarter. Millennium Management LLC now owns 326,607 shares of the textile maker’s stock valued at $11,170,000 after buying an additional 304,454 shares during the period. Qube Research & Technologies Ltd acquired a new stake in shares of Oxford Industries in the second quarter valued at about $7,195,000. Two Sigma Investments LP increased its stake in shares of Oxford Industries by 394.9% in the third quarter. Two Sigma Investments LP now owns 191,740 shares of the textile maker’s stock valued at $7,773,000 after buying an additional 152,995 shares during the period. Lazard Asset Management LLC increased its stake in shares of Oxford Industries by 569.6% in the third quarter. Lazard Asset Management LLC now owns 174,314 shares of the textile maker’s stock valued at $7,067,000 after buying an additional 148,283 shares during the period. Finally, Dupree Financial Group LLC acquired a new stake in shares of Oxford Industries in the fourth quarter valued at about $4,493,000. Institutional investors and hedge funds own 91.16% of the company’s stock.

Oxford Industries Company Profile

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.