Oxford Industries, Inc. (OXM) Receives Consensus Rating of “Buy” from Analysts
Oxford Industries, Inc. (NYSE:OXM) has earned an average recommendation of “Buy” from the ten brokerages that are presently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $66.86.
Several research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Oxford Industries from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a report on Friday, September 15th. BidaskClub cut shares of Oxford Industries from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. FBR & Co reiterated a “buy” rating and issued a $75.00 price target on shares of Oxford Industries in a report on Tuesday, September 12th. Finally, Needham & Company LLC set a $62.00 price target on shares of Oxford Industries and gave the company a “buy” rating in a report on Monday.
Shares of Oxford Industries (OXM) traded up 1.90% during midday trading on Wednesday, hitting $64.98. 116,657 shares of the company’s stock were exchanged. The company has a 50-day moving average of $61.95 and a 200-day moving average of $59.69. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of 22.47 and a beta of 0.37. Oxford Industries has a 52 week low of $49.50 and a 52 week high of $76.19.
Oxford Industries (NYSE:OXM) last released its quarterly earnings results on Thursday, August 31st. The textile maker reported $1.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.43 by $0.01. The company had revenue of $284.70 million during the quarter, compared to analysts’ expectations of $291.34 million. Oxford Industries had a net margin of 4.64% and a return on equity of 13.56%. The business’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.48 earnings per share. Equities research analysts expect that Oxford Industries will post $3.59 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Friday, October 13th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend is Thursday, October 12th. Oxford Industries’s payout ratio is 37.37%.
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Institutional investors and hedge funds have recently made changes to their positions in the stock. Pinebridge Investments L.P. boosted its holdings in Oxford Industries by 1.5% during the second quarter. Pinebridge Investments L.P. now owns 1,977 shares of the textile maker’s stock worth $124,000 after purchasing an additional 30 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in Oxford Industries by 79.8% during the second quarter. State of Alaska Department of Revenue now owns 2,966 shares of the textile maker’s stock worth $185,000 after purchasing an additional 1,316 shares during the last quarter. Stifel Financial Corp acquired a new position in Oxford Industries during the second quarter worth $202,000. Piedmont Investment Advisors LLC acquired a new position in Oxford Industries during the second quarter worth $203,000. Finally, Mason Street Advisors LLC boosted its holdings in Oxford Industries by 7.0% during the first quarter. Mason Street Advisors LLC now owns 3,490 shares of the textile maker’s stock worth $200,000 after purchasing an additional 229 shares during the last quarter. Institutional investors and hedge funds own 86.55% of the company’s stock.
Oxford Industries Company Profile
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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