Oxford Industries Inc. (OXM) Now Covered by Analysts at Credit Agricole SA
Credit Agricole SA initiated coverage on shares of Oxford Industries Inc. (NYSE:OXM) in a report published on Wednesday. The brokerage issued an outperform rating and a $78.00 price target on the stock.
A number of other brokerages also recently issued reports on OXM. B. Riley restated a buy rating and set a $75.00 price objective on shares of Oxford Industries in a research report on Sunday, September 4th. Zacks Investment Research upgraded Oxford Industries from a hold rating to a buy rating and set a $80.00 price objective for the company in a research report on Saturday, September 3rd. DA Davidson restated a buy rating and set a $81.00 price objective on shares of Oxford Industries in a research report on Thursday, September 22nd. Stephens restated a buy rating on shares of Oxford Industries in a research report on Monday, June 6th. Finally, Telsey Advisory Group lowered their price objective on Oxford Industries from $80.00 to $73.00 and set an outperform rating for the company in a research report on Wednesday, June 8th. Nine investment analysts have rated the stock with a buy rating, The stock has a consensus rating of Buy and a consensus price target of $83.67.
Shares of Oxford Industries (NYSE:OXM) traded up 0.51% during trading on Wednesday, reaching $67.47. 9,084 shares of the company’s stock traded hands. The stock has a 50-day moving average of $66.01 and a 200-day moving average of $63.13. The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of 18.83 and a beta of 0.61. Oxford Industries has a 1-year low of $52.54 and a 1-year high of $77.99.
Oxford Industries (NYSE:OXM) last issued its quarterly earnings data on Wednesday, August 31st. The company reported $1.48 earnings per share (EPS) for the quarter, topping 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 company earned $283 million during the quarter. During the same quarter last year, the business earned $1.32 earnings per share. Oxford Industries’s revenue was up 12.9% compared to the same quarter last year. On average, equities analysts predict that Oxford Industries will post $3.78 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 28th. Investors of record on Friday, October 14th will be given 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 1.61%. Oxford Industries’s payout ratio is 30.25%.
In related 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 transaction, the insider now owns 10,680 shares of the company’s stock, valued at $745,570.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 3.18% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Norges Bank acquired a new stake in shares of Oxford Industries during the fourth quarter worth approximately $11,128,000. Aperio Group LLC raised 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 worth $309,000 after buying an additional 353 shares during the period. TIAA CREF Investment Management LLC raised 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. Teachers Advisors Inc. raised 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 worth $10,947,000 after buying an additional 4,900 shares during the period. Finally, BlackRock Group LTD raised 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. 87.32% of the stock is currently owned by institutional investors.
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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