StockNews.com Upgrades Oxford Industries (NYSE:OXM) to Buy

Oxford Industries (NYSE:OXMGet Rating) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Thursday.

OXM has been the subject of several other research reports. Piper Sandler upped their price target on Oxford Industries from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday. Citigroup raised Oxford Industries from a “sell” rating to a “neutral” rating and upped their price target for the company from $92.00 to $105.00 in a report on Wednesday. Finally, KeyCorp upped their price target on Oxford Industries from $110.00 to $120.00 and gave the company an “overweight” rating in a report on Friday, September 2nd. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $121.50.

Oxford Industries Price Performance

Shares of NYSE OXM traded down $0.49 during trading hours on Thursday, hitting $91.70. 415,124 shares of the company’s stock were exchanged, compared to its average volume of 213,080. Oxford Industries has a 1-year low of $76.21 and a 1-year high of $119.50. The stock has a market capitalization of $1.46 billion, a price-to-earnings ratio of 9.19 and a beta of 1.45. The company’s 50-day moving average price is $99.20 and its 200-day moving average price is $92.51.

Oxford Industries (NYSE:OXMGet Rating) last posted its quarterly earnings results on Thursday, September 1st. The textile maker reported $3.61 EPS for the quarter, beating the consensus estimate of $3.48 by $0.13. The firm had revenue of $363.43 million during the quarter, compared to analysts’ expectations of $363.92 million. Oxford Industries had a return on equity of 32.27% and a net margin of 13.09%. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.24 EPS. On average, research analysts expect that Oxford Industries will post 10.51 earnings per share for the current year.

Institutional Investors Weigh In On Oxford Industries

A number of large investors have recently bought and sold shares of the business. M&G Investment Management Ltd. bought a new stake in Oxford Industries during the 2nd quarter worth approximately $1,640,000. ExodusPoint Capital Management LP bought a new position in Oxford Industries in the 2nd quarter valued at $1,420,000. JBF Capital Inc. bought a new position in Oxford Industries in the 2nd quarter valued at $284,000. Captrust Financial Advisors boosted its position in Oxford Industries by 8.1% in the 2nd quarter. Captrust Financial Advisors now owns 2,221 shares of the textile maker’s stock valued at $197,000 after buying an additional 166 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its position in Oxford Industries by 16.8% in the 2nd quarter. Thrivent Financial for Lutherans now owns 15,095 shares of the textile maker’s stock valued at $1,340,000 after buying an additional 2,170 shares during the last quarter. 93.03% of the stock is currently owned by institutional investors.

About Oxford Industries

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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 and swimwear 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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