Oxford Industries (NYSE:OXM) Cut to Sell at ValuEngine

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ValuEngine cut shares of Oxford Industries (NYSE:OXM) from a hold rating to a sell rating in a research report sent to investors on Thursday, ValuEngine reports.

Several other research analysts have also recently weighed in on the company. Telsey Advisory Group cut their price objective on Oxford Industries from $82.00 to $78.00 and set a market perform rating on the stock in a research report on Monday, June 10th. Zacks Investment Research cut Zai Lab from a buy rating to a hold rating in a research report on Saturday, June 15th. Finally, Citigroup started coverage on Oxford Industries in a research report on Tuesday, April 16th. They issued a buy rating on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. Oxford Industries has a consensus rating of Buy and a consensus price target of $86.00.

OXM stock opened at $69.63 on Thursday. The stock has a fifty day simple moving average of $73.22. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.70 and a current ratio of 1.64. Oxford Industries has a 1-year low of $63.50 and a 1-year high of $97.19. The stock has a market capitalization of $1.19 billion, a PE ratio of 16.01, a P/E/G ratio of 1.52 and a beta of 0.50.

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

The company also recently declared a quarterly dividend, which will be paid on Friday, August 2nd. Stockholders of record on Friday, July 19th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Thursday, July 18th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.13%. Oxford Industries’s dividend payout ratio is presently 34.26%.

Hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC lifted its holdings in Oxford Industries by 5.4% in the 1st quarter. FMR LLC now owns 279,372 shares of the textile maker’s stock worth $21,025,000 after buying an additional 14,361 shares during the period. Westwood Holdings Group Inc. lifted its holdings in Oxford Industries by 16.9% in the 1st quarter. Westwood Holdings Group Inc. now owns 565,885 shares of the textile maker’s stock worth $42,589,000 after buying an additional 81,732 shares during the period. Campbell & CO Investment Adviser LLC purchased a new stake in Oxford Industries in the 1st quarter worth approximately $294,000. Fort Washington Investment Advisors Inc. OH lifted its holdings in Oxford Industries by 80.8% in the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 94,000 shares of the textile maker’s stock worth $7,074,000 after buying an additional 42,000 shares during the period. Finally, Martingale Asset Management L P lifted its holdings in Oxford Industries by 15.3% in the 1st quarter. Martingale Asset Management L P now owns 67,206 shares of the textile maker’s stock worth $5,059,000 after buying an additional 8,896 shares during the period. 92.72% of the stock is currently owned by hedge funds and other institutional investors.

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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