Oxford Industries (OXM) Rating Lowered to Neutral at DA Davidson

Oxford Industries (NYSE:OXM) was downgraded by analysts at DA Davidson from a “buy” rating to a “neutral” rating in a research note issued on Thursday, December 13th, Marketbeat.com reports. They currently have a $71.00 target price on the textile maker’s stock. DA Davidson’s price objective suggests a potential upside of 6.43% from the company’s current price.

Several other equities analysts have also issued reports on the company. Zacks Investment Research lowered Oxford Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, September 18th. Citigroup boosted their target price on Oxford Industries from $90.00 to $102.00 and gave the stock a “buy” rating in a research report on Monday, September 17th. KeyCorp boosted their target price on Oxford Industries from $100.00 to $104.00 and gave the stock an “overweight” rating in a research report on Thursday, September 13th. Telsey Advisory Group boosted their target price on Oxford Industries from $88.00 to $93.00 and gave the stock a “market perform” rating in a research report on Friday, November 2nd. Finally, ValuEngine cut Oxford Industries from a “buy” rating to a “hold” rating in a report on Friday, November 30th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. Oxford Industries has an average rating of “Hold” and a consensus price target of $91.43.

Shares of Oxford Industries stock traded down $1.32 during trading on Thursday, hitting $66.71. 5,713 shares of the company were exchanged, compared to its average volume of 259,456. The firm has a market capitalization of $1.17 billion, a P/E ratio of 18.30, a PEG ratio of 1.60 and a beta of 0.12. Oxford Industries has a 1-year low of $63.50 and a 1-year high of $97.19. The company has a current ratio of 2.02, a quick ratio of 0.91 and a debt-to-equity ratio of 0.07.

Oxford Industries (NYSE:OXM) last posted its earnings results on Wednesday, December 12th. The textile maker reported $0.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.03). The company had revenue of $233.70 million for the quarter, compared to analyst estimates of $242.45 million. Oxford Industries had a return on equity of 15.56% and a net margin of 6.69%. Oxford Industries’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.17 earnings per share. Research analysts anticipate that Oxford Industries will post 4.3 EPS for the current fiscal year.

In other Oxford Industries news, Director John R. Holder acquired 500 shares of the business’s stock in a transaction dated Tuesday, December 18th. The shares were acquired at an average price of $69.89 per share, for a total transaction of $34,945.00. Following the acquisition, the director now directly owns 21,134 shares of the company’s stock, valued at approximately $1,477,055.26. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.07% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. TD Asset Management Inc. bought a new stake in Oxford Industries in the 2nd quarter valued at approximately $2,041,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Oxford Industries in the 2nd quarter valued at approximately $224,000. First Trust Advisors LP lifted its stake in Oxford Industries by 6.9% in the 2nd quarter. First Trust Advisors LP now owns 18,225 shares of the textile maker’s stock valued at $1,512,000 after acquiring an additional 1,169 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Oxford Industries by 15.9% in the 2nd quarter. Victory Capital Management Inc. now owns 3,954 shares of the textile maker’s stock valued at $328,000 after acquiring an additional 543 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in Oxford Industries in the 2nd quarter valued at approximately $297,000. Institutional investors and hedge funds own 88.42% 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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Analyst Recommendations for Oxford Industries (NYSE:OXM)

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