Oxford Industries (NYSE:OXM) Cut to "Strong Sell" at Zacks Research

Key Points

• Zacks Research downgraded Oxford Industries to “strong sell” from “hold,” while the broader analyst consensus remains “Reduce” with an average price target of $35.25.
• Oxford Industries shares opened at $30.70, near their 52-week low of $28.20 and well below the 50-day and 200-day moving averages of $37.06 and $39.00, respectively.
• The company slightly beat quarterly EPS expectations at $1.34 versus $1.31, but revenue fell 2.2% year over year; CEO Thomas Chubb also purchased 3,500 shares, while institutional investors own 91.16% of the stock.

Oxford Industries (NYSE:OXM - Get Free Report) was downgraded by research analysts at Zacks Research from a "hold" rating to a "strong sell" rating in a research report issued to clients and investors on Tuesday, Zacks reports.

A number of other brokerages also recently commented on OXM. Wall Street Zen raised Oxford Industries from a "sell" rating to a "hold" rating in a research report on Saturday, May 30th. BTIG Research reiterated a "neutral" rating on shares of Oxford Industries in a research note on Friday, September 4th. KeyCorp reissued a "sector weight" rating on shares of Oxford Industries in a research note on Thursday, June 11th. Weiss Ratings restated a "sell (d+)" rating on shares of Oxford Industries in a report on Wednesday, July 8th. Finally, Telsey Advisory Group dropped their price objective on shares of Oxford Industries from $44.00 to $35.00 and set a "market perform" rating for the company in a research note on Friday, September 4th. Six investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Reduce" and a consensus price target of $35.25.

Oxford Industries Stock Down 2.8%

Shares of NYSE OXM opened at $30.70 on Tuesday. Oxford Industries has a 1 year low of $28.20 and a 1 year high of $51.61. The firm's 50 day moving average price is $37.06 and its 200 day moving average price is $39.00. The firm has a market cap of $459.87 million, a P/E ratio of -60.19 and a beta of 1.06. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.56 and a current ratio of 1.17.

Oxford Industries (NYSE:OXM - Get Free Report) last released its earnings results on Thursday, September 3rd. The textile maker reported $1.34 EPS for the quarter, topping the consensus estimate of $1.31 by $0.03. The firm had revenue of $394.38 million during the quarter, compared to analysts' expectations of $394.55 million. Oxford Industries had a negative net margin of 0.46% and a positive return on equity of 4.88%. Oxford Industries's revenue for the quarter was down 2.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.26 EPS. Oxford Industries has set its Q3 2026 guidance at -1.400--1.200 EPS and its FY 2026 guidance at 1.600-2.000 EPS. As a group, sell-side analysts anticipate that Oxford Industries will post 1.77 earnings per share for the current year.

Insider Buying and Selling at Oxford Industries

In related news, CEO Thomas Chubb, III bought 3,500 shares of the stock in a transaction dated Wednesday, September 9th. The stock was acquired at an average price of $30.93 per share, for a total transaction of $108,255.00. Following the completion of the purchase, the chief executive officer owned 33,700 shares in the company, valued at $1,042,341. This represents a 11.59% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Oxford Industries

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. acquired a new position in shares of Oxford Industries during the second quarter worth $41,098,000. California State Teachers Retirement System boosted its stake in shares of Oxford Industries by 3,895.4% in the second quarter. California State Teachers Retirement System now owns 544,007 shares of the textile maker's stock valued at $18,970,000 after purchasing an additional 530,391 shares during the period. Bank of America Corp DE acquired a new stake in Oxford Industries during the 2nd quarter valued at $14,625,000. Millennium Management LLC grew its holdings in Oxford Industries by 1,374.3% during the 4th quarter. Millennium Management LLC now owns 326,607 shares of the textile maker's stock valued at $11,170,000 after purchasing an additional 304,454 shares in the last quarter. Finally, Heartland Advisors Inc. purchased a new stake in Oxford Industries during the 2nd quarter worth $8,516,000. 91.16% of the stock is owned by institutional investors and hedge funds.

Oxford Industries Company Profile

Oxford Industries, Inc, incorporated in 1942 and headquartered in Atlanta, Georgia, is a leading designer, marketer and distributor of high-quality men's and women's lifestyle apparel and accessories. The company's product portfolio features a mix of owned brands and licensed partnerships that span casual, resort and performance categories. Key owned brands include Tommy Bahama, renowned for its island-inspired menswear and women's sportswear, and Southern Tide, which offers coastal-focused clothing and footwear.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.