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Oxford Industries (OXM) in Focus: Stock Tumbles 8.4%

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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

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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