Citigroup Lowers Oxford Industries (NYSE:OXM) to Sell

Oxford Industries (NYSE:OXM - Get Free Report) was downgraded by investment analysts at Citigroup from a "neutral" rating to a "sell" rating in a report released on Monday, MarketBeat.com reports. They currently have a $94.00 target price on the textile maker's stock, down from their previous target price of $98.00. Citigroup's target price points to a potential downside of 13.20% from the company's current price.

Several other equities research analysts have also recently weighed in on the company. Telsey Advisory Group restated a "market perform" rating and set a $110.00 target price (up from $102.00) on shares of Oxford Industries in a report on Monday, March 25th. UBS Group raised their price target on shares of Oxford Industries from $105.00 to $106.00 and gave the company a "neutral" rating in a research report on Tuesday, March 19th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $103.60.

Oxford Industries Stock Performance

Shares of OXM stock traded down $4.10 during trading on Monday, reaching $108.30. 835,101 shares of the company's stock were exchanged, compared to its average volume of 184,924. The stock has a market capitalization of $1.69 billion, a PE ratio of 29.35 and a beta of 1.60. The company has a quick ratio of 0.63, a current ratio of 1.37 and a debt-to-equity ratio of 0.11. The firm's fifty day moving average price is $101.91 and its 200-day moving average price is $96.90. Oxford Industries has a twelve month low of $82.33 and a twelve month high of $113.88.

Oxford Industries (NYSE:OXM - Get Free Report) last announced its quarterly earnings results on Thursday, March 28th. The textile maker reported $1.90 earnings per share for the quarter, missing the consensus estimate of $1.92 by ($0.02). The business had revenue of $404.43 million during the quarter, compared to the consensus estimate of $408.28 million. Oxford Industries had a net margin of 3.86% and a return on equity of 26.08%. Oxford Industries's revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the business posted $2.28 EPS. As a group, sell-side analysts anticipate that Oxford Industries will post 10.28 EPS for the current year.

Institutional Investors Weigh In On Oxford Industries

Several hedge funds have recently modified their holdings of the company. Steward Partners Investment Advisory LLC purchased a new position in Oxford Industries in the fourth quarter valued at about $25,000. Quarry LP lifted its holdings in Oxford Industries by 602.0% during the 2nd quarter. Quarry LP now owns 358 shares of the textile maker's stock worth $35,000 after buying an additional 307 shares in the last quarter. Quest Partners LLC bought a new position in shares of Oxford Industries during the fourth quarter worth approximately $36,000. Coppell Advisory Solutions Corp. bought a new position in shares of Oxford Industries in the fourth quarter worth $35,000. Finally, Milestone Investment Advisors LLC bought a new position in shares of Oxford Industries during the third quarter valued at $38,000. 91.16% of the stock is owned by institutional investors and hedge funds.

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