Oxford Industries Inc. OXM saw a big move last session, as the company’s shares fell over 8% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. Notably, OXM gained more than 11% from Nov 17 to Dec 8, before it slumped over 8% yesterday.
On Dec 8, the company reported third-quarter fiscal 2015 adjusted loss per share of 8 cents, compared to adjusted earnings per share of 12 cents in the year-ago quarter.
The apparel company has seen a flat track record when it comes to current year estimate revisions over the past few weeks and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.
OXM currently has a Zacks Rank #4 (Sell).
A better-ranked stock in the same sector is Hanesbrands Inc. HBI, holding a Zacks Rank #2 (Buy).
Is OXM going up? Or down? Predict to see what others think: Up or Down
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Be the first to comment