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

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

A number of other equities analysts have also recently commented on OXM. Weiss Ratings reiterated a “sell (d)” rating on shares of Oxford Industries in a report on Monday, December 29th. KeyCorp reiterated a “sector weight” rating on shares of Oxford Industries in a report on Thursday, December 11th. Telsey Advisory Group reduced their price target on Oxford Industries from $40.00 to $36.00 and set a “market perform” rating for the company in a report on Friday, March 27th. Citigroup lifted 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. Finally, Truist Financial reduced their price target on Oxford Industries from $38.00 to $32.00 and set a “hold” rating for the company in a report on Friday, March 27th. Six investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Oxford Industries has an average rating of “Reduce” and a consensus price target of $34.25.

Oxford Industries Price Performance

Shares of NYSE OXM opened at $38.01 on Friday. The stock has a market capitalization of $565.78 million, a price-to-earnings ratio of -19.59 and a beta of 1.00. The business has a 50-day moving average of $37.68 and a 200-day moving average of $37.75. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.48. Oxford Industries has a fifty-two week low of $30.57 and a fifty-two week high of $60.31.

Oxford Industries (NYSE:OXM) last announced its quarterly earnings data 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 negative net margin of 1.89% and a positive return on equity of 5.68%. The firm had revenue of $374.49 million during the quarter, compared to the consensus estimate of $372.30 million. During the same period last year, the business earned $1.37 EPS. The business’s revenue was down 4.1% on a year-over-year basis. As a group, sell-side analysts predict that Oxford Industries will post 6.62 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Oxford Industries

Hedge funds have recently bought and sold shares of the stock. Hantz Financial Services Inc. lifted its position in Oxford Industries by 245.9% during the third quarter. Hantz Financial Services Inc. now owns 671 shares of the textile maker’s stock worth $27,000 after acquiring an additional 477 shares during the last quarter. CWM LLC lifted its position in Oxford Industries by 61.5% during the third quarter. CWM LLC now owns 801 shares of the textile maker’s stock worth $32,000 after acquiring an additional 305 shares during the last quarter. GAMMA Investing LLC lifted its position in Oxford Industries by 46.6% during the fourth quarter. GAMMA Investing LLC now owns 925 shares of the textile maker’s stock worth $32,000 after acquiring an additional 294 shares during the last quarter. Quarry LP acquired a new stake in Oxford Industries during the third quarter worth approximately $38,000. Finally, Signaturefd LLC lifted its position in Oxford Industries by 28.1% during the fourth quarter. Signaturefd LLC now owns 1,368 shares of the textile maker’s stock worth $47,000 after acquiring an additional 300 shares during the last quarter. 91.16% of the stock is currently owned by institutional investors and hedge funds.

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.