Oxford Industries (NYSE:OXM) had its target price dropped by equities research analysts at B. Riley from $97.00 to $87.00 in a research report issued to clients and investors on Thursday, BenzingaRatingsTable reports. The brokerage presently has a “buy” rating on the textile maker’s stock. B. Riley’s target price indicates a potential upside of 16.59% from the stock’s current price.
Several other brokerages also recently weighed in on OXM. Telsey Advisory Group dropped their target price on shares of Oxford Industries from $78.00 to $72.00 and set a “market perform” rating for the company in a report on Thursday. ValuEngine raised shares of Oxford Industries from a “sell” rating to a “hold” rating in a report on Friday, August 2nd. Finally, Zacks Investment Research downgraded shares of Oxford Industries from a “buy” rating to a “hold” rating in a report on Wednesday, August 14th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $85.38.
Shares of OXM stock traded down $4.88 during mid-day trading on Thursday, reaching $74.62. 361,233 shares of the company’s stock traded hands, compared to its average volume of 175,386. Oxford Industries has a 12 month low of $63.50 and a 12 month high of $93.52. The firm has a 50 day moving average price of $69.48 and a two-hundred day moving average price of $74.27. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.70 and a current ratio of 1.64. The firm has a market capitalization of $1.33 billion, a PE ratio of 17.27, a price-to-earnings-growth ratio of 1.65 and a beta of 0.48.
Oxford Industries (NYSE:OXM) last issued its quarterly earnings data on Wednesday, September 11th. The textile maker reported $1.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.02). The business had revenue of $302.00 million for the quarter, compared to the consensus estimate of $306.98 million. Oxford Industries had a net margin of 6.03% and a return on equity of 15.43%. The company’s revenue was down .2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.83 EPS. As a group, equities analysts expect that Oxford Industries will post 4.57 earnings per share for the current fiscal year.
A number of hedge funds have recently made changes to their positions in OXM. Hancock Whitney Corp grew its stake in Oxford Industries by 0.9% in the 2nd quarter. Hancock Whitney Corp now owns 82,685 shares of the textile maker’s stock worth $6,268,000 after acquiring an additional 702 shares in the last quarter. Atria Investments LLC acquired a new stake in shares of Oxford Industries during the second quarter worth approximately $1,627,000. BlackRock Inc. grew its position in shares of Oxford Industries by 13.6% during the second quarter. BlackRock Inc. now owns 2,835,463 shares of the textile maker’s stock worth $214,926,000 after buying an additional 339,482 shares in the last quarter. Verition Fund Management LLC acquired a new stake in shares of Oxford Industries during the second quarter worth approximately $572,000. Finally, Nuveen Asset Management LLC acquired a new stake in shares of Oxford Industries during the second quarter worth approximately $5,405,000. Institutional investors and hedge funds own 98.57% of the company’s stock.
About Oxford Industries
Oxford Industries, Inc, an apparel company, designs, sources, markets, and distributes products of company owned and licensed brands, and private labels apparel products worldwide. The company offers men's and women's sportswear and related products under the Tommy Bahama brand; women's and girl's dresses and sportswear, scarves, bags, jewelry, and belts, as well as footwear and children's apparel under the Lilly Pulitzer brand; and men's shirts, pants, shorts, outerwear, ties, swimwear, footwear, and accessories, as well as women's products under the Southern Tide brand.
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