Oxford Industries Inc (OXM) Given Consensus Recommendation of “Buy” by Analysts
Shares of Oxford Industries Inc (NYSE:OXM) have been assigned an average recommendation of “Buy” from the ten research firms that are currently covering the firm. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $71.00.
Several equities analysts have commented on OXM shares. B. Riley reissued a “buy” rating and set a $66.00 target price on shares of Oxford Industries in a research report on Wednesday, March 29th. Zacks Investment Research raised shares of Oxford Industries from a “sell” rating to a “hold” rating in a research report on Thursday, February 23rd. Citigroup Inc lowered their target price on shares of Oxford Industries from $74.00 to $64.00 and set a “buy” rating on the stock in a research report on Friday, March 24th. Telsey Advisory Group lowered their target price on shares of Oxford Industries from $60.00 to $53.00 and set a “market perform” rating on the stock in a research report on Friday, March 24th. Finally, Wunderlich lowered their target price on shares of Oxford Industries from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Friday, March 24th.
Institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its position in Oxford Industries by 5.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 683,921 shares of the textile maker’s stock valued at $41,125,000 after buying an additional 36,584 shares during the last quarter. BlackRock Fund Advisors boosted its stake in Oxford Industries by 8.3% in the third quarter. BlackRock Fund Advisors now owns 1,032,985 shares of the textile maker’s stock worth $69,933,000 after buying an additional 78,875 shares during the period. Commerce Bank boosted its stake in Oxford Industries by 9.2% in the first quarter. Commerce Bank now owns 5,910 shares of the textile maker’s stock worth $338,000 after buying an additional 500 shares during the period. Russell Investments Group Ltd. purchased a new stake in Oxford Industries during the fourth quarter worth about $18,264,000. Finally, State Street Corp boosted its stake in Oxford Industries by 7.0% in the fourth quarter. State Street Corp now owns 329,311 shares of the textile maker’s stock worth $19,800,000 after buying an additional 21,602 shares during the period. 88.96% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Oxford Industries (NYSE:OXM) traded up 1.42% on Friday, reaching $54.39. The company had a trading volume of 75,294 shares. Oxford Industries has a 52-week low of $49.50 and a 52-week high of $76.19. The stock has a market capitalization of $912.01 million, a PE ratio of 17.28 and a beta of 0.42. The company has a 50 day moving average price of $56.48 and a 200 day moving average price of $59.03.
Oxford Industries (NYSE:OXM) last posted its quarterly earnings results on Thursday, March 23rd. The textile maker reported $0.63 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.92 by $0.29. Oxford Industries had a return on equity of 17.54% and a net margin of 5.87%. The company had revenue of $261 million during the quarter, compared to analyst estimates of $267.28 million. During the same period last year, the company posted $1.09 earnings per share. The company’s revenue was up .5% compared to the same quarter last year. On average, equities research analysts anticipate that Oxford Industries will post $3.58 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, April 28th. Shareholders of record on Thursday, April 13th were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 2.01%. The ex-dividend date was Tuesday, April 11th. Oxford Industries’s payout ratio is 30.00%.
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About Oxford Industries
Oxford Industries, Inc is an apparel company. The Company designs, sources, markets and distributes products bearing the trademarks of its owned Tommy Bahama, Lilly Pulitzer and Southern Tide lifestyle brands, other owned brands and licensed brands, as well as private label apparel products. It distributes its lifestyle branded products through its direct to consumer channels, consisting of its Tommy Bahama and Lilly Pulitzer full-price retail stores and its e-commerce sites for Tommy Bahama, Lilly Pulitzer and Southern Tide, and through its wholesale distribution channels.
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