According to Zacks, “Oxford Industries Inc.’s primary business is the design, manufacture, marketing and sale of consumer apparel products in the popular to better price ranges. Substantially all of their distribution facilities, offices and customers are located in the United States. Oxford is organized into four operating groups that reflect four major product lines: Oxford Shirt Group, Lanier Clothes, Oxford Slacks and the Oxford Womenswear Group. “
OXM has been the topic of a number of other research reports. Credit Agricole SA started coverage on Oxford Industries in a research report on Wednesday, September 28th. They issued an outperform rating and a $78.00 target price on the stock. Telsey Advisory Group lifted their target price on Oxford Industries from $73.00 to $77.00 and gave the company an outperform rating in a research report on Thursday, September 1st. DA Davidson restated a buy rating and issued a $81.00 price target on shares of Oxford Industries in a research note on Thursday, September 22nd. Finally, B. Riley restated a buy rating and issued a $75.00 price target on shares of Oxford Industries in a research note on Sunday, September 4th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $83.67.
Oxford Industries (NYSE:OXM) opened at 62.06 on Friday. The company has a 50 day moving average price of $67.68 and a 200-day moving average price of $62.59. Oxford Industries has a 52 week low of $52.54 and a 52 week high of $77.99. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of 17.32 and a beta of 0.59.
Oxford Industries (NYSE:OXM) last announced its 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 business had revenue of $283 million for the quarter. During the same period in the prior year, the business posted $1.32 EPS. The firm’s quarterly revenue was up 12.9% compared to the same quarter last year. Equities analysts predict that Oxford Industries will post $3.78 earnings per share for the current year.
The firm also recently announced 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 is Wednesday, October 12th. This represents a $1.08 annualized dividend and a dividend yield of 1.74%. Oxford Industries’s dividend payout ratio is currently 30.25%.
In other news, insider James Wesley Howard, Jr. sold 2,500 shares of Oxford Industries 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 completion of the transaction, the insider now directly owns 10,680 shares in the company, valued at approximately $745,570.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.18% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. PineBridge Investments L.P. boosted its stake in 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 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 Oxford Industries during the second quarter valued at $163,000. Clinton Group Inc. purchased a new stake in Oxford Industries during the second quarter valued at $203,000. Finally, Pacad Investment Ltd. purchased a new stake in Oxford Industries during the second quarter valued at $255,000. 87.29% of the stock is owned by institutional investors and hedge funds.
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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