Oxford Industries (NYSE: OXM) was downgraded from a “strong buy” rating to a “hold” rating by Zacks Investment Research in a research note released on Thursday, Zacks.com reports.

According to Zacks, “Oxford Industries, Inc. is a clothing company that designs, sources, markets and distributes products bearing the trademarks of its own and licensed brands. Oxford’s own brands include Tommy Bahama®, Lilly Pulitzer®, Oxford Golf®.” and Billy London®. The company operates retail stores, Internet websites and restaurants. The company has licenses to selected third parties to manufacture and sell certain categories of products under its Tommy Bahama and Lilly Pulitzer brands. The company also has exclusive manufacturing and sales licenses certain product categories under the Kenneth Cole®, Geoffrey Beene® and Dockers® labels. Oxford’s wholesale customers include department stores, specialty stores, national chains, warehouse clubs and internet retailers. “

OXM has been the subject of a number of other research reports. The Telsey Advisory Group lowered its price target on shares of Oxford Industries from USD 120.00 to USD 115.00 and rated the company on “market performance” in a research report on Friday, September 3rd. TheStreet upgraded Oxford Industries from a “c” rating to a “b” rating in a research report on Thursday September 2nd. Four research analysts have given the stock a hold rating and two with a buy rating. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $ 116.33.

NYSE OXM opened at $ 96.91 on Thursday. Oxford Industries has a 52-week low of $ 40.12 and a 52-week high of $ 114.47. The company’s 50-day moving average is $ 91.13. The stock has a market capitalization of $ 1.64 billion, a price / earnings ratio of 28.76, and a beta of 1.75.

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Oxford Industries (NYSE: OXM) last released its quarterly results on Wednesday September 1st. The textile maker reported earnings per share (EPS) of $ 3.24 for the quarter, beating Zacks’ consensus estimate of $ 2.33 by $ 0.91. Oxford Industries had a return on equity of 18.81% and a net margin of 5.76%. The company had revenue of $ 328.70 million for the quarter, compared to analyst estimates of $ 308.19 million. For the same quarter last year, the company had earnings per share ($ 0.38). The company’s revenue increased 71.2% year over year. Analysts from Equity Research forecast that Oxford Industries will achieve earnings per share of 6.68 for the current fiscal year.

Several hedge funds recently bought and sold shares of OXM. FMR LLC increased its position in Oxford Industries stocks 5.4% in the first quarter. FMR LLC now owns 279,372 shares in the textile maker valued at $ 21,025,000 after acquiring an additional 14,361 shares during the period. Geode Capital Management LLC increased its position in Oxford Industries stocks by 12.6% in the first quarter. Geode Capital Management LLC now owns 268,919 shares in the textile maker valued at $ 23,508,000 after acquiring an additional 30,071 shares during the reporting period. The Bank of Montreal Can added 11.3% to its position in Oxford Industries stocks in the first quarter. The Bank of Montreal Can now owns 4,657 shares in the textile maker, valued at $ 401,000, after purchasing an additional 473 shares during the reporting period. Ameriprise Financial Inc. increased its position in Oxford Industries stocks by 3.7% in the first quarter. Ameriprise Financial Inc. now owns 75,754 shares in the textile maker valued at $ 6,622,000 after acquiring an additional 2,696 shares during the period. Finally, Captrust Financial Advisors added 466.2% to its position in Oxford Industries stocks in the first quarter. Captrust Financial Advisors now owns 2,259 shares in the textile maker valued at $ 197,000 after purchasing an additional 1,860 shares during the reporting period. Institutional investors own 84.37% of the company’s shares.

Oxford Industries company profile

Oxford Industries, Inc. is engaged in the design, procurement, marketing and sales of apparel products. Brands include Tommy Bahama, Lilly Pulitzer, Southern Tide and licensed brands for bespoke apparel and golf apparel. The company was founded in 1942 by John Hicks Lanier and Sartain Lanier and is headquartered in Atlanta, GA.

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