Oxford Industries (NYSE:OXM) Lowered to Sell at Zacks Investment Research

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

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 equities research analysts also recently weighed in on the company. Citigroup set a $86.00 price target on Oxford Industries and gave the stock a “buy” rating in a report on Thursday, September 12th. Telsey Advisory Group decreased their price target on Oxford Industries from $78.00 to $72.00 and set a “market perform” rating for the company in a report on Thursday, September 12th. B. Riley decreased their price target on Oxford Industries from $97.00 to $87.00 and set a “buy” rating for the company in a report on Thursday, September 12th. Finally, ValuEngine raised Oxford Industries from a “sell” rating to a “hold” rating in a report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. Oxford Industries has an average rating of “Hold” and an average price target of $81.43.

Shares of NYSE OXM opened at $72.33 on Tuesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.62 and a quick ratio of 0.68. The stock has a fifty day moving average price of $69.64 and a 200 day moving average price of $74.06. Oxford Industries has a 1-year low of $63.50 and a 1-year high of $93.52. The company has a market cap of $1.24 billion, a PE ratio of 16.74, a P/E/G ratio of 1.69 and a beta of 0.48.

Oxford Industries (NYSE:OXM) last issued its quarterly earnings results on Wednesday, September 11th. The textile maker reported $1.84 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.86 by ($0.02). Oxford Industries had a return on equity of 15.05% and a net margin of 6.27%. The company had revenue of $302.00 million for the quarter, compared to analyst estimates of $306.98 million. During the same period in the prior year, the business earned $1.83 earnings per share. Oxford Industries’s revenue for the quarter was down .2% compared to the same quarter last year. Analysts anticipate that Oxford Industries will post 4.36 earnings per share for the current fiscal year.

In other Oxford Industries news, EVP Scott Grassmyer sold 2,838 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $73.07, for a total value of $207,372.66. Following the completion of the transaction, the executive vice president now owns 33,311 shares in the company, valued at $2,434,034.77. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 3.10% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC purchased a new position in Oxford Industries in the second quarter worth $56,000. Campbell & CO Investment Adviser LLC purchased a new position in Oxford Industries in the first quarter worth $294,000. Paloma Partners Management Co raised its position in Oxford Industries by 10.4% in the second quarter. Paloma Partners Management Co now owns 4,136 shares of the textile maker’s stock worth $314,000 after acquiring an additional 388 shares in the last quarter. Piedmont Investment Advisors Inc. raised its position in Oxford Industries by 6.4% in the first quarter. Piedmont Investment Advisors Inc. now owns 4,286 shares of the textile maker’s stock worth $323,000 after acquiring an additional 256 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new position in Oxford Industries in the second quarter worth $332,000. Hedge funds and other institutional investors own 98.37% of the company’s stock.

About Oxford Industries

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

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