Oxford Industries Inc. (OXM) Research Coverage Started at Citigroup Inc.
Several other equities research analysts have also recently weighed in on OXM. B. Riley reissued a buy rating and issued a $75.00 price target on shares of Oxford Industries in a research note on Sunday, September 4th. Zacks Investment Research raised Oxford Industries from a hold rating to a buy rating and set a $80.00 target price for the company in a research note on Saturday, September 3rd. Telsey Advisory Group raised their target price on Oxford Industries from $73.00 to $77.00 and gave the stock an outperform rating in a research note on Thursday, September 1st. Credit Agricole SA started coverage on Oxford Industries in a research note on Wednesday, September 28th. They set an outperform rating and a $78.00 target price for the company. Finally, DA Davidson reaffirmed a buy rating and set a $81.00 target price on shares of Oxford Industries in a research note on Thursday, September 22nd. One equities research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company. Oxford Industries has an average rating of Buy and an average price target of $81.50.
Oxford Industries (NYSE:OXM) opened at 72.66 on Tuesday. The company has a market capitalization of $1.22 billion, a PE ratio of 20.27 and a beta of 0.47. The firm’s 50 day moving average price is $65.53 and its 200-day moving average price is $62.72. Oxford Industries has a one year low of $52.54 and a one year high of $77.99.
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, beating the consensus estimate of $1.38 by $0.10. The company earned $283 million during the quarter. Oxford Industries had a return on equity of 18.08% and a net margin of 5.95%. The company’s quarterly revenue was up 12.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.32 EPS. Equities analysts forecast that Oxford Industries will post $3.73 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, October 28th. Stockholders of record on Friday, October 14th were issued a $0.27 dividend. The ex-dividend date of this dividend was Wednesday, October 12th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.49%. Oxford Industries’s dividend payout ratio is presently 30.25%.
In other 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 stock was sold at an average price of $69.81, for a total value of $174,525.00. Following the transaction, the insider now owns 10,680 shares in the company, valued at $745,570.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.18% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. PineBridge Investments L.P. raised its position in Oxford Industries by 4.9% in the second quarter. PineBridge Investments L.P. now owns 1,870 shares of the company’s stock worth $106,000 after buying an additional 88 shares in the last quarter. Teacher Retirement System of Texas raised its position 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 worth $118,000 after buying an additional 253 shares in the last quarter. Mason Street Advisors LLC bought a new position in Oxford Industries during the second quarter worth $163,000. Stanley Laman Group Ltd. bought a new position in Oxford Industries during the third quarter worth $193,000. Finally, Clinton Group Inc. bought a new position in Oxford Industries during the second quarter worth $203,000. Institutional investors own 86.31% of the company’s stock.
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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