Oxford Industries Inc. (NYSE:OXM) – Equities research analysts at Credit Agricole SA issued their Q3 2017 earnings per share estimates for shares of Oxford Industries in a report released on Wednesday. Credit Agricole SA analyst R. Patel anticipates that the firm will earn ($0.01) per share for the quarter. Credit Agricole SA has a “Outperform” rating and a $78.00 price target on the stock. Credit Agricole SA also issued estimates for Oxford Industries’ Q4 2017 earnings at $1.06 EPS, FY2017 earnings at $3.78 EPS, FY2018 earnings at $4.26 EPS and FY2019 earnings at $4.80 EPS.
Oxford Industries (NYSE:OXM) last issued its quarterly earnings results on Wednesday, August 31st. The company reported $1.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.38 by $0.10. The firm earned $283 million during the quarter. Oxford Industries had a net margin of 5.95% and a return on equity of 18.08%. The firm’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.32 EPS.
Other analysts have also issued reports about the stock. B. Riley reissued a “buy” rating and issued a $75.00 price objective on shares of Oxford Industries in a research report on Sunday, September 4th. Zacks Investment Research raised shares of Oxford Industries from a “hold” rating to a “buy” rating and set a $80.00 target price on the stock in a research report on Saturday, September 3rd. Stephens reaffirmed a “buy” rating on shares of Oxford Industries in a research report on Monday, June 6th. SunTrust Banks Inc. reduced their target price on shares of Oxford Industries from $95.00 to $80.00 and set a “buy” rating on the stock in a research report on Wednesday, June 8th. Finally, Wunderlich raised their target price on shares of Oxford Industries from $80.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, June 8th. Nine investment analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and a consensus price target of $83.67.
A number of large investors have recently made changes to their positions in OXM. Norges Bank purchased a new stake in shares of Oxford Industries during the fourth quarter valued at $11,128,000. Aperio Group LLC increased its stake in shares of Oxford Industries by 8.3% in the first quarter. Aperio Group LLC now owns 4,594 shares of the company’s stock valued at $309,000 after buying an additional 353 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 valued at $5,341,000 after buying an additional 7,325 shares during the period. Teachers Advisors Inc. increased its stake in shares of Oxford Industries by 3.1% in the first quarter. Teachers Advisors Inc. now owns 162,831 shares of the company’s stock valued at $10,947,000 after buying an additional 4,900 shares during the period. Finally, 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 valued at $1,959,000 after buying an additional 1,494 shares during the period. Institutional investors own 87.32% of the company’s stock.
In other news, insider James Wesley Howard, Jr. sold 2,500 shares of the 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 transaction, the insider now directly owns 10,680 shares in the company, valued at $745,570.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 3.18% of the company’s stock.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 28th. Stockholders of record on Friday, October 14th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, October 12th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.60%. Oxford Industries’s dividend payout ratio is presently 30.25%.
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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