Oxford Industries (NYSE:OXM) Stock Rating Upgraded by Zacks Research

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

A number of other equities research analysts also recently weighed in on the stock. Telsey Advisory Group boosted their price objective on shares of Oxford Industries from $36.00 to $51.00 and gave the company a “market perform” rating in a research report on Wednesday, April 22nd. UBS Group cut their price target on 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 lowered Oxford Industries from a “hold” rating to a “sell” rating in a report on Sunday, April 5th. Truist Financial decreased their price objective on Oxford Industries from $38.00 to $32.00 and set a “hold” rating for the company in a report on Friday, March 27th. Finally, Citigroup increased their price objective on Oxford Industries from $33.00 to $34.00 and gave the stock a “neutral” rating in a report on Monday, March 30th. Six analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $38.00.

Oxford Industries Price Performance

Shares of NYSE:OXM opened at $46.39 on Tuesday. The company has a quick ratio of 0.48, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. Oxford Industries has a fifty-two week low of $30.57 and a fifty-two week high of $56.39. The firm has a 50-day simple moving average of $40.73 and a 200 day simple moving average of $38.65. The company has a market cap of $690.75 million, a PE ratio of -23.91 and a beta of 1.03.

Oxford Industries (NYSE:OXM) last announced its quarterly earnings data on Thursday, March 26th. The textile maker reported ($0.09) earnings per share 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 business had revenue of $374.49 million for the quarter, compared to the consensus estimate of $372.30 million. During the same period in the prior year, the company earned $1.37 EPS. Oxford Industries’s quarterly revenue was down 4.1% on a year-over-year basis. On average, sell-side analysts anticipate that Oxford Industries will post 2.51 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. boosted its holdings in shares of Oxford Industries by 6.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 754,762 shares of the textile maker’s stock valued at $25,813,000 after acquiring an additional 45,535 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Oxford Industries by 6.0% in the third quarter. American Century Companies Inc. now owns 595,107 shares of the textile maker’s stock valued at $24,126,000 after acquiring an additional 33,871 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Oxford Industries by 7.3% in the third quarter. Arrowstreet Capital Limited Partnership now owns 471,502 shares of the textile maker’s stock valued at $19,115,000 after acquiring an additional 32,226 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Oxford Industries by 3.3% in the second quarter. Bank of America Corp DE now owns 442,334 shares of the textile maker’s stock valued at $17,804,000 after acquiring an additional 14,103 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Oxford Industries by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 337,738 shares of the textile maker’s stock valued at $11,552,000 after acquiring an additional 944 shares in the last quarter. 91.16% of the stock is currently owned by institutional investors.

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.