Oxford Industries Inc. (NYSE:OXM) declared a quarterly dividend on Wednesday, August 31st. Shareholders of record on Friday, October 14th will be paid a dividend of 0.27 per share on Friday, October 28th. This represents a $1.08 annualized dividend and a yield of 1.63%. The ex-dividend date of this dividend is Wednesday, October 12th.
Oxford Industries (NYSE:OXM) opened at 66.09 on Friday. The firm has a 50-day moving average of $67.33 and a 200 day moving average of $62.85. The stock has a market capitalization of $1.11 billion, a PE ratio of 18.44 and a beta of 0.59. Oxford Industries has a one year low of $52.54 and a one year high of $77.99.
Oxford Industries (NYSE:OXM) last released its quarterly earnings results on Wednesday, August 31st. The company reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.10. Oxford Industries had a net margin of 5.95% and a return on equity of 18.08%. The business had revenue of $283 million for the quarter. During the same quarter in the prior year, the business posted $1.32 earnings per share. The firm’s quarterly revenue was up 12.9% on a year-over-year basis. On average, equities research analysts anticipate that Oxford Industries will post $3.78 earnings per share for the current fiscal year.
In other Oxford Industries news, insider James Wesley Howard, Jr. sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, September 23rd. The shares were 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.18% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Oxford Industries by 2.4% in the second quarter. Vanguard Group Inc. now owns 1,192,823 shares of the company’s stock worth $67,537,000 after buying an additional 27,420 shares in the last quarter. BlackRock Fund Advisors raised its position in Oxford Industries by 4.7% in the second quarter. BlackRock Fund Advisors now owns 954,110 shares of the company’s stock worth $54,022,000 after buying an additional 42,747 shares in the last quarter. Thrivent Financial for Lutherans raised its position in Oxford Industries by 19.3% in the second quarter. Thrivent Financial for Lutherans now owns 402,101 shares of the company’s stock worth $22,767,000 after buying an additional 65,060 shares in the last quarter. State Street Corp raised its position in Oxford Industries by 1.5% in the second quarter. State Street Corp now owns 293,322 shares of the company’s stock worth $16,607,000 after buying an additional 4,450 shares in the last quarter. Finally, Westwood Holdings Group Inc. raised its position in Oxford Industries by 23.5% in the second quarter. Westwood Holdings Group Inc. now owns 200,434 shares of the company’s stock worth $11,349,000 after buying an additional 38,175 shares in the last quarter. 87.32% of the stock is owned by institutional investors.
A number of research firms have recently weighed in on OXM. B. Riley restated a “buy” rating and issued a $75.00 price target on shares of Oxford Industries in a report on Sunday, September 4th. Zacks Investment Research upgraded shares of Oxford Industries from a “hold” rating to a “buy” rating and set a $80.00 price target on the stock in a report on Saturday, September 3rd. DA Davidson restated a “buy” rating and issued a $81.00 price target on shares of Oxford Industries in a report on Thursday, September 22nd. Credit Agricole SA initiated coverage on shares of Oxford Industries in a report on Wednesday, September 28th. They issued an “outperform” rating and a $78.00 price target on the stock. Finally, Telsey Advisory Group increased their price objective on shares of Oxford Industries from $73.00 to $77.00 and gave the company an “outperform” rating in a research report on Thursday, September 1st. Nine analysts have rated the stock with a buy rating, Oxford Industries has a consensus rating of “Buy” and a consensus target price of $83.67.
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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