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

Oxford Industries (NYSE:OXMGet Free Report) was downgraded by analysts at Citigroup from a “neutral” rating to a “sell” rating in a research note issued to investors on Monday, MarketBeat reports. They currently have a $94.00 target price on the textile maker’s stock, down from their prior target price of $98.00. Citigroup’s price objective suggests a potential downside of 16.37% from the stock’s current price.

Other equities research analysts have also issued research reports about the company. Telsey Advisory Group restated a “market perform” rating and issued a $102.00 price objective on shares of Oxford Industries in a research report on Monday, March 25th. UBS Group upped their price objective on Oxford Industries from $105.00 to $106.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 19th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $102.40.

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Oxford Industries Price Performance

Shares of NYSE OXM opened at $112.40 on Monday. The business’s 50 day moving average price is $101.70 and its 200 day moving average price is $96.82. The firm has a market cap of $1.76 billion, a P/E ratio of 30.46 and a beta of 1.60. Oxford Industries has a 52 week low of $82.33 and a 52 week high of $113.88. The company has a quick ratio of 0.63, a current ratio of 1.37 and a debt-to-equity ratio of 0.11.

Oxford Industries (NYSE:OXMGet Free Report) last issued its earnings results on Thursday, March 28th. The textile maker reported $1.90 EPS for the quarter, missing analysts’ consensus estimates of $1.92 by ($0.02). The firm had revenue of $404.43 million during the quarter, compared to analysts’ expectations of $408.28 million. Oxford Industries had a net margin of 3.86% and a return on equity of 26.08%. Oxford Industries’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.28 EPS. On average, sell-side analysts expect that Oxford Industries will post 10.28 earnings per share for the current year.

Hedge Funds Weigh In On Oxford Industries

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC acquired a new position in Oxford Industries during the fourth quarter worth approximately $25,000. Quarry LP boosted its position in Oxford Industries by 602.0% during the second quarter. Quarry LP now owns 358 shares of the textile maker’s stock worth $35,000 after purchasing an additional 307 shares in the last quarter. Coppell Advisory Solutions Corp. purchased a new stake in Oxford Industries during the fourth quarter worth $35,000. Quest Partners LLC purchased a new stake in shares of Oxford Industries in the fourth quarter valued at $36,000. Finally, Milestone Investment Advisors LLC purchased a new stake in shares of Oxford Industries in the third quarter valued at $38,000. Hedge funds and other institutional investors own 91.16% of the company’s stock.

Oxford Industries Company Profile

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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 children's apparel, swim, footwear, and licensed products under the Lilly Pulitzer brand; and men, women, and kids products under the Southern Tide brand.

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Analyst Recommendations for Oxford Industries (NYSE:OXM)

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