Oxford Industries (NYSE:OXM) Upgraded by TheStreet to “B-“

Oxford Industries (NYSE:OXM) was upgraded by equities researchers at TheStreet from a “c” rating to a “b-” rating in a research note issued on Wednesday, TheStreetRatingsTable reports.

Several other analysts also recently issued reports on OXM. Citigroup lifted their price target on Oxford Industries from $90.00 to $112.00 and gave the company a “neutral” rating in a research note on Thursday. KeyCorp lifted their target price on Oxford Industries from $103.00 to $135.00 and gave the company an “overweight” rating in a research report on Thursday. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell lifted their target price on Oxford Industries from $90.00 to $112.00 and gave the company a “neutral” rating in a research report on Thursday. Zacks Investment Research raised Oxford Industries from a “hold” rating to a “buy” rating and set a $110.00 target price on the stock in a research report on Thursday. Finally, B. Riley lifted their target price on Oxford Industries from $106.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Oxford Industries has a consensus rating of “Buy” and an average target price of $118.17.

NYSE:OXM opened at $106.10 on Wednesday. Oxford Industries has a 12-month low of $37.89 and a 12-month high of $114.47. The company has a market cap of $1.79 billion, a price-to-earnings ratio of -18.39 and a beta of 1.84. The business has a fifty day moving average of $92.08.

Oxford Industries (NYSE:OXM) last posted its earnings results on Tuesday, June 8th. The textile maker reported $1.89 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.83. The firm had revenue of $265.76 million for the quarter, compared to analyst estimates of $233.07 million. Oxford Industries had a negative return on equity of 7.06% and a negative net margin of 12.78%. The company’s revenue for the quarter was up 65.7% on a year-over-year basis. During the same period in the previous year, the company posted ($1.12) earnings per share. Equities analysts predict that Oxford Industries will post 3.05 EPS for the current year.

In other news, EVP Thomas E. Campbell sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 30th. The stock was sold at an average price of $85.25, for a total transaction of $426,250.00. Following the completion of the sale, the executive vice president now owns 41,388 shares in the company, valued at $3,528,327. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 5.80% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Fifth Third Bancorp increased its holdings in Oxford Industries by 71.8% in the first quarter. Fifth Third Bancorp now owns 335 shares of the textile maker’s stock valued at $29,000 after purchasing an additional 140 shares during the period. Veriti Management LLC bought a new stake in Oxford Industries during the fourth quarter valued at $60,000. Arlington Partners LLC bought a new stake in Oxford Industries during the first quarter valued at $64,000. Maverick Capital Ltd. bought a new stake in Oxford Industries during the first quarter valued at $73,000. Finally, Captrust Financial Advisors boosted its position in Oxford Industries by 466.2% during the first quarter. Captrust Financial Advisors now owns 2,259 shares of the textile maker’s stock valued at $197,000 after acquiring an additional 1,860 shares during the last quarter. Institutional investors and hedge funds own 85.78% of the company’s stock.

About Oxford Industries

Oxford Industries, Inc, an apparel company, designs, sources, markets, and distributes products of lifestyle and other brands 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 and youth products under the Southern Tide brand.

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Analyst Recommendations for Oxford Industries (NYSE:OXM)

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