Shares of Oxford Industries Inc. (NYSE:OXM) have been given an average rating of “Buy” by the ten research firms that are currently covering the stock. Nine equities research analysts have rated the stock with a buy recommendation. The average 12 month price target among analysts that have covered the stock in the last year is $83.67.
A number of brokerages have commented on OXM. B. Riley restated a “buy” rating and set a $75.00 price objective on shares of Oxford Industries in a research note on Sunday, September 4th. Zacks Investment Research upgraded Oxford Industries from a “hold” rating to a “buy” rating and set a $80.00 price objective on the stock in a research note on Saturday, September 3rd. Telsey Advisory Group boosted their price objective on Oxford Industries from $73.00 to $77.00 and gave the stock an “outperform” rating in a research note on Thursday, September 1st. Credit Agricole SA began coverage on Oxford Industries in a research note on Wednesday, September 28th. They set an “outperform” rating and a $78.00 price objective on the stock. Finally, DA Davidson restated a “buy” rating and set a $81.00 price objective on shares of Oxford Industries in a research note on Thursday, September 22nd.
In other Oxford Industries news, insider James Wesley Howard, Jr. sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, September 23rd. The stock was sold at an average price of $69.81, for a total transaction of $174,525.00. Following the sale, the insider now owns 10,680 shares in the company, valued at $745,570.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 3.18% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. PineBridge Investments L.P. boosted its stake in shares of Oxford Industries by 4.9% in the second quarter. PineBridge Investments L.P. now owns 1,870 shares of the company’s stock valued at $106,000 after buying an additional 88 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in shares of Oxford Industries by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 2,091 shares of the company’s stock valued at $118,000 after buying an additional 253 shares during the last quarter. Mason Street Advisors LLC purchased a new stake in shares of Oxford Industries during the second quarter valued at about $163,000. Clinton Group Inc. purchased a new stake in shares of Oxford Industries during the second quarter valued at about $203,000. Finally, Pacad Investment Ltd. purchased a new stake in shares of Oxford Industries during the second quarter valued at about $255,000. Hedge funds and other institutional investors own 87.32% of the company’s stock.
Oxford Industries (NYSE:OXM) opened at 66.99 on Friday. The stock has a market cap of $1.12 billion, a P/E ratio of 18.69 and a beta of 0.59. The company’s 50-day moving average price is $67.89 and its 200-day moving average price is $62.70. Oxford Industries has a 1-year low of $52.54 and a 1-year high of $77.99.
Oxford Industries (NYSE:OXM) last posted its quarterly earnings results on Wednesday, August 31st. The company reported $1.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.38 by $0.10. Oxford Industries had a return on equity of 18.08% and a net margin of 5.95%. The firm earned $283 million during the quarter. During the same period last year, the firm posted $1.32 EPS. Oxford Industries’s revenue was up 12.9% on a year-over-year basis. Analysts predict that Oxford Industries will post $3.78 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 28th. Shareholders of record on Friday, October 14th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend is Wednesday, October 12th. Oxford Industries’s payout ratio is currently 30.25%.
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 and Lilly Pulitzer lifestyle brands, as well as certain licensed and private label apparel products. The Company’s business is primarily operated through its Tommy Bahama, Lilly Pulitzer and Lanier Apparel operating groups.
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