Oxford Industries (NYSE:OXM) Upgraded to “Hold” by ValuEngine

ValuEngine upgraded shares of Oxford Industries (NYSE:OXM) from a sell rating to a hold rating in a research report report published on Friday morning, ValuEngine reports.

Several other analysts have also recently issued reports on OXM. Zacks Investment Research raised Oxford Industries from a hold rating to a buy rating and set a $84.00 target price on the stock in a research report on Saturday, June 15th. Citigroup started coverage on Oxford Industries in a report on Tuesday, April 16th. They set a buy rating for the company. Finally, Telsey Advisory Group decreased their price objective on Oxford Industries from $82.00 to $78.00 and set a market perform rating for the company in a report on Monday, June 10th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of Buy and an average target price of $86.00.

NYSE OXM traded up $0.66 during midday trading on Friday, hitting $69.73. 119,736 shares of the company traded hands, compared to its average volume of 166,622. The company has a current ratio of 1.64, a quick ratio of 0.70 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $1.19 billion, a P/E ratio of 16.14, a PEG ratio of 1.60 and a beta of 0.47. The firm has a 50-day simple moving average of $72.62. Oxford Industries has a 52 week low of $63.50 and a 52 week high of $96.35.

Oxford Industries (NYSE:OXM) last announced its earnings results on Wednesday, June 12th. The textile maker reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.09. The business had revenue of $282.00 million for the quarter, compared to analysts’ expectations of $276.75 million. Oxford Industries had a return on equity of 15.43% and a net margin of 6.03%. The business’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.28 EPS. As a group, research analysts anticipate that Oxford Industries will post 4.57 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 2nd. Stockholders of record on Friday, July 19th were issued a dividend of $0.37 per share. The ex-dividend date was Thursday, July 18th. This represents a $1.48 annualized dividend and a dividend yield of 2.12%. Oxford Industries’s dividend payout ratio is presently 34.26%.

Several institutional investors and hedge funds have recently modified their holdings of OXM. Norges Bank purchased a new stake in shares of Oxford Industries during the 4th quarter valued at $23,037,000. Victory Capital Management Inc. lifted its holdings in shares of Oxford Industries by 49.2% during the 1st quarter. Victory Capital Management Inc. now owns 497,098 shares of the textile maker’s stock valued at $37,412,000 after purchasing an additional 163,992 shares during the last quarter. Westwood Holdings Group Inc. lifted its holdings in shares of Oxford Industries by 16.9% during the 1st quarter. Westwood Holdings Group Inc. now owns 565,885 shares of the textile maker’s stock valued at $42,589,000 after purchasing an additional 81,732 shares during the last quarter. Great Lakes Advisors LLC purchased a new stake in shares of Oxford Industries during the 1st quarter valued at $4,363,000. Finally, Fort Washington Investment Advisors Inc. OH lifted its holdings in shares of Oxford Industries by 80.8% during the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 94,000 shares of the textile maker’s stock valued at $7,074,000 after purchasing an additional 42,000 shares during the last quarter. Hedge funds and other institutional investors own 92.53% of the company’s stock.

Oxford Industries Company Profile

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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