OXM has been the topic of a number of other reports. Telsey Advisory Group dropped their price target on Oxford Industries from $80.00 to $73.00 and set an outperform rating on the stock in a research report on Wednesday, June 8th. Zacks Investment Research upgraded Oxford Industries from a hold rating to a buy rating and set a $77.00 price target on the stock in a research report on Saturday, September 17th. B. Riley reiterated a buy rating and set a $75.00 price target on shares of Oxford Industries in a research report on Sunday, September 4th. Wunderlich increased their price target on Oxford Industries from $80.00 to $100.00 and gave the stock a buy rating in a research report on Wednesday, June 8th. Finally, Stephens reiterated a buy rating on shares of Oxford Industries in a research report on Monday, June 6th. Nine research analysts have rated the stock with a buy rating, The stock currently has a consensus rating of Buy and an average price target of $83.67.
Oxford Industries (NYSE:OXM) opened at 66.80 on Wednesday. The firm has a market capitalization of $1.12 billion, a PE ratio of 18.64 and a beta of 0.59. The company’s 50-day moving average price is $66.83 and its 200 day moving average price is $62.86. Oxford Industries has a one year low of $52.54 and a one year high of $77.99.
Oxford Industries (NYSE:OXM) last announced its quarterly earnings data on Wednesday, August 31st. The company reported $1.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 had revenue of $283 million for the quarter. During the same quarter in the previous year, the company earned $1.32 EPS. The company’s quarterly revenue was up 12.9% compared to the same quarter last year. On average, analysts forecast that Oxford Industries will post $3.78 earnings per share for the current year.
The company also recently declared 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 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date is Wednesday, October 12th. Oxford Industries’s payout ratio is currently 30.25%.
In other Oxford Industries news, insider James Wesley Howard, Jr. sold 2,500 shares of the stock in a transaction 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 completion of the transaction, the insider now directly owns 10,680 shares of the company’s stock, valued at approximately $745,570.80. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 3.18% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. BlackRock Institutional Trust Company N.A. increased its stake in shares of Oxford Industries by 13.0% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 402,989 shares of the company’s stock worth $27,093,000 after buying an additional 46,438 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Oxford Industries by 188.8% in the first quarter. Goldman Sachs Group Inc. now owns 43,262 shares of the company’s stock worth $2,909,000 after buying an additional 28,282 shares during the period. BlackRock Group LTD increased its stake in shares of Oxford Industries by 5.4% in the first quarter. BlackRock Group LTD now owns 29,141 shares of the company’s stock worth $1,959,000 after buying an additional 1,494 shares during the period. TIAA CREF Investment Management LLC increased its stake in shares of Oxford Industries by 10.2% in the first quarter. TIAA CREF Investment Management LLC now owns 79,442 shares of the company’s stock worth $5,341,000 after buying an additional 7,325 shares during the period. Finally, Panagora Asset Management Inc. increased its stake in shares of Oxford Industries by 7.7% in the first quarter. Panagora Asset Management Inc. now owns 105,331 shares of the company’s stock worth $7,081,000 after buying an additional 7,536 shares during the period. 87.32% of the stock is owned by hedge funds and other institutional investors.
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 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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