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

Zacks Research upgraded shares of Oxford Industries (NYSE:OXMFree Report) from a strong sell rating to a hold rating in a research report sent to investors on Tuesday morning,Zacks.com reports.

Other analysts have also issued reports about the company. Wall Street Zen lowered Oxford Industries from a “hold” rating to a “sell” rating in a report on Sunday, April 5th. UBS Group cut their price objective on Oxford Industries from $36.00 to $35.00 and set a “neutral” rating for the company in a report on Thursday, March 19th. Truist Financial cut 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. 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. Finally, Telsey Advisory Group increased their price objective on Oxford Industries from $36.00 to $51.00 and gave the stock a “market perform” rating in a report on Wednesday, April 22nd. Six research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Oxford Industries presently has an average rating of “Reduce” and an average price target of $38.00.

Check Out Our Latest Stock Report on Oxford Industries

Oxford Industries Price Performance

OXM opened at $46.39 on Tuesday. The stock has a fifty day moving average of $40.73 and a 200-day moving average of $38.65. The firm has a market capitalization of $690.75 million, a P/E ratio of -23.91 and a beta of 1.03. Oxford Industries has a 12-month low of $30.57 and a 12-month high of $56.39. 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 (NYSE:OXMGet Free Report) last released its earnings results on Thursday, March 26th. The textile maker reported ($0.09) earnings per share (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 business had revenue of $374.49 million during the quarter, compared to analysts’ expectations of $372.30 million. During the same quarter in the previous year, the company earned $1.37 EPS. Oxford Industries’s revenue for the quarter was down 4.1% on a year-over-year basis. Equities analysts forecast that Oxford Industries will post 2.51 EPS for the current fiscal year.

Oxford Industries Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 1st. Shareholders of record on Friday, April 17th were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 6.0%. This is an increase from Oxford Industries’s previous quarterly dividend of $0.69. The ex-dividend date was Friday, April 17th. Oxford Industries’s dividend payout ratio is -144.33%.

Hedge Funds Weigh In On Oxford Industries

Institutional investors have recently bought and sold shares of the stock. Hantz Financial Services Inc. raised its holdings in Oxford Industries by 245.9% during the third quarter. Hantz Financial Services Inc. now owns 671 shares of the textile maker’s stock valued at $27,000 after buying an additional 477 shares in the last quarter. GAMMA Investing LLC raised its holdings in Oxford Industries by 46.6% during the fourth quarter. GAMMA Investing LLC now owns 925 shares of the textile maker’s stock valued at $32,000 after buying an additional 294 shares in the last quarter. Quarry LP bought a new position in Oxford Industries during the third quarter valued at about $38,000. Signaturefd LLC raised its holdings in Oxford Industries by 28.1% during the fourth quarter. Signaturefd LLC now owns 1,368 shares of the textile maker’s stock valued at $47,000 after buying an additional 300 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in Oxford Industries by 44.8% during the second quarter. BNP Paribas Financial Markets now owns 1,507 shares of the textile maker’s stock valued at $61,000 after buying an additional 466 shares in the last quarter. 91.16% of the stock is currently owned by institutional investors.

Oxford Industries Company Profile

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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.

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Analyst Recommendations for Oxford Industries (NYSE:OXM)

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