Oxford Industries Inc (NYSE:OXM) – Investment analysts at B. Riley lowered their Q2 2018 EPS estimates for shares of Oxford Industries in a research note issued on Friday. B. Riley analyst J. Van. Sinderen now forecasts that the brokerage will earn $1.57 per share for the quarter, down from their prior forecast of $1.64. B. Riley has a “Buy” rating and a $66.00 price objective on the stock. B. Riley also issued estimates for Oxford Industries’ Q4 2018 earnings at $1.02 EPS.
Oxford Industries (NYSE:OXM) last posted its earnings results on Thursday, March 23rd. The company reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by $0.29. Oxford Industries had a net margin of 5.87% and a return on equity of 17.54%. The firm earned $261 million during the quarter, compared to the consensus estimate of $267.28 million. During the same period in the prior year, the company posted $1.09 EPS. The firm’s revenue was up .5% compared to the same quarter last year. COPYRIGHT VIOLATION NOTICE: “Research Analysts Set Expectations for Oxford Industries Inc’s Q2 2018 Earnings (OXM)” was originally published by Mideast Time and is owned by of Mideast Time. If you are accessing this report on another publication, it was illegally stolen and republished in violation of United States and international trademark and copyright legislation. The correct version of this report can be viewed at https://www.mideasttime.com/research-analysts-set-expectations-for-oxford-industries-incs-q2-2018-earnings-oxm/1589176.html.
A number of other analysts have also recently commented on OXM. Zacks Investment Research raised Oxford Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, November 29th. DA Davidson set a $81.00 price target on Oxford Industries and gave the stock a “buy” rating in a research report on Wednesday, November 30th. Telsey Advisory Group cut Oxford Industries from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $77.00 to $67.00 in a research report on Wednesday, December 7th. Wunderlich reaffirmed a “buy” rating and set a $80.00 price target on shares of Oxford Industries in a research report on Friday, January 13th. Finally, TheStreet cut Oxford Industries from a “b-” rating to a “c+” rating in a research report on Friday, February 3rd. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $71.75.
Shares of Oxford Industries (NYSE:OXM) opened at 56.43 on Monday. The stock has a market cap of $946.33 million, a PE ratio of 15.66 and a beta of 0.42. Oxford Industries has a 12 month low of $49.50 and a 12 month high of $76.19. The firm has a 50-day moving average price of $54.88 and a 200-day moving average price of $61.90.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 28th. Stockholders of record on Thursday, April 13th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Tuesday, April 11th. This represents a $1.08 annualized dividend and a dividend yield of 1.91%. Oxford Industries’s dividend payout ratio (DPR) is presently 30.00%.
Several institutional investors have recently modified their holdings of the stock. Municipal Employees Retirement System of Michigan boosted its position in shares of Oxford Industries by 1.4% in the third quarter. Municipal Employees Retirement System of Michigan now owns 4,360 shares of the company’s stock valued at $295,000 after buying an additional 60 shares during the period. Texas Permanent School Fund boosted its position in shares of Oxford Industries by 0.8% in the third quarter. Texas Permanent School Fund now owns 11,369 shares of the company’s stock valued at $770,000 after buying an additional 94 shares during the period. Arizona State Retirement System boosted its position in shares of Oxford Industries by 1.3% in the third quarter. Arizona State Retirement System now owns 7,755 shares of the company’s stock valued at $525,000 after buying an additional 100 shares during the period. BlackRock Group LTD boosted its position in shares of Oxford Industries by 0.9% in the third quarter. BlackRock Group LTD now owns 30,986 shares of the company’s stock valued at $2,098,000 after buying an additional 270 shares during the period. Finally, Great West Life Assurance Co. Can boosted its position in shares of Oxford Industries by 3.5% in the third quarter. Great West Life Assurance Co. Can now owns 19,778 shares of the company’s stock valued at $1,338,000 after buying an additional 667 shares during the period. 88.96% 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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