KeyCorp Weighs in on Oxford Industries, Inc.’s Q2 2019 Earnings (OXM)
Oxford Industries, Inc. (NYSE:OXM) – Stock analysts at KeyCorp upped their Q2 2019 EPS estimates for Oxford Industries in a research note issued on Wednesday. KeyCorp analyst E. Yruma now forecasts that the textile maker will post earnings of $1.80 per share for the quarter, up from their prior estimate of $1.54. KeyCorp currently has a “Buy” rating and a $78.00 price objective on the stock. KeyCorp also issued estimates for Oxford Industries’ Q3 2019 earnings at $0.20 EPS and FY2019 earnings at $4.62 EPS.
A number of other brokerages also recently commented on OXM. Zacks Investment Research downgraded Oxford Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, September 27th. SunTrust Banks reissued a “buy” rating and set a $66.00 price objective on shares of Oxford Industries in a research report on Tuesday, October 24th. B. Riley reissued a “buy” rating on shares of Oxford Industries in a research report on Wednesday, November 1st. Needham & Company LLC downgraded Oxford Industries from a “buy” rating to a “hold” rating and set a $68.00 price objective for the company. in a research report on Friday, December 1st. They noted that the move was a valuation call. Finally, Telsey Advisory Group boosted their price objective on Oxford Industries from $58.00 to $65.00 and gave the stock a “market perform” rating in a research report on Thursday, November 30th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $77.80.
Oxford Industries (NYSE:OXM) last announced its quarterly earnings data on Tuesday, December 5th. The textile maker reported $0.17 EPS for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.05. Oxford Industries had a return on equity of 14.26% and a net margin of 4.83%. The business had revenue of $236.00 million during the quarter, compared to the consensus estimate of $242.98 million. During the same period in the previous year, the company posted ($0.07) earnings per share. The business’s revenue for the quarter was up 6.2% on a year-over-year basis.
A number of hedge funds have recently bought and sold shares of the stock. QS Investors LLC lifted its stake in Oxford Industries by 0.4% in the second quarter. QS Investors LLC now owns 3,629 shares of the textile maker’s stock valued at $227,000 after buying an additional 15 shares during the last quarter. Pinebridge Investments L.P. lifted its stake in Oxford Industries by 1.5% in the second quarter. Pinebridge Investments L.P. now owns 1,977 shares of the textile maker’s stock valued at $124,000 after buying an additional 30 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in Oxford Industries by 3.8% in the second quarter. The Manufacturers Life Insurance Company now owns 12,737 shares of the textile maker’s stock valued at $795,000 after buying an additional 470 shares during the last quarter. American International Group Inc. lifted its stake in Oxford Industries by 7.7% in the third quarter. American International Group Inc. now owns 13,086 shares of the textile maker’s stock valued at $831,000 after buying an additional 939 shares during the last quarter. Finally, Voya Investment Management LLC lifted its stake in Oxford Industries by 18.2% in the second quarter. Voya Investment Management LLC now owns 6,896 shares of the textile maker’s stock valued at $431,000 after buying an additional 1,063 shares during the last quarter. Hedge funds and other institutional investors own 89.06% of the company’s stock.
In related news, Director Dennis M. Love sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $72.09, for a total transaction of $108,135.00. Following the completion of the sale, the director now owns 17,002 shares in the company, valued at $1,225,674.18. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider James Wesley Howard, Jr. sold 4,750 shares of the business’s stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of $80.25, for a total value of $381,187.50. Following the sale, the insider now owns 6,204 shares of the company’s stock, valued at approximately $497,871. The disclosure for this sale can be found here. 3.29% of the stock is owned by insiders.
The firm also recently announced a quarterly dividend, which will be paid on Friday, February 2nd. Investors of record on Friday, January 19th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend is Thursday, January 18th. Oxford Industries’s payout ratio is 34.07%.
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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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