FBR & Co Analysts Give Oxford Industries, Inc. (OXM) a $75.00 Price Target
A number of other research analysts also recently commented on OXM. B. Riley reiterated a buy rating and set a $66.00 price objective on shares of Oxford Industries in a research note on Monday, June 5th. BidaskClub downgraded shares of Oxford Industries from a buy rating to a hold rating in a research note on Saturday, August 5th. Telsey Advisory Group increased their price objective on shares of Oxford Industries from $53.00 to $58.00 and gave the company a market perform rating in a research note on Wednesday, June 7th. TheStreet upgraded shares of Oxford Industries from a c+ rating to a b- rating in a research note on Thursday, June 15th. Finally, Zacks Investment Research upgraded shares of Oxford Industries from a sell rating to a hold rating in a research note on Tuesday, May 30th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Oxford Industries presently has an average rating of Buy and an average target price of $71.33.
Oxford Industries (NYSE OXM) opened at 58.44 on Monday. The stock’s 50 day moving average price is $61.00 and its 200-day moving average price is $58.00. The firm has a market capitalization of $982.38 million, a P/E ratio of 19.68 and a beta of 0.40. Oxford Industries has a 12 month low of $49.50 and a 12 month high of $76.19.
Oxford Industries (NYSE:OXM) last posted its quarterly earnings data on Tuesday, June 6th. The textile maker reported $1.12 EPS for the quarter, beating the Zacks’ consensus estimate of $1.04 by $0.08. Oxford Industries had a net margin of 4.76% and a return on equity of 14.00%. The firm had revenue of $272.40 million for the quarter, compared to the consensus estimate of $273.40 million. During the same period in the prior year, the firm posted $1.26 EPS. The firm’s revenue was up 6.3% compared to the same quarter last year. Equities analysts forecast that Oxford Industries will post $3.59 earnings per share for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Kernodle & Katon Asset Management Group LLC acquired a new position in Oxford Industries during the first quarter worth about $106,000. Pinebridge Investments L.P. increased its position in Oxford Industries by 1.5% in the second quarter. Pinebridge Investments L.P. now owns 1,977 shares of the textile maker’s stock worth $124,000 after buying an additional 30 shares during the last quarter. State of Alaska Department of Revenue increased its position in Oxford Industries by 79.8% in the second quarter. State of Alaska Department of Revenue now owns 2,966 shares of the textile maker’s stock worth $185,000 after buying an additional 1,316 shares during the last quarter. Mason Street Advisors LLC increased its position in Oxford Industries by 7.0% in the first quarter. Mason Street Advisors LLC now owns 3,490 shares of the textile maker’s stock worth $200,000 after buying an additional 229 shares during the last quarter. Finally, Stifel Financial Corp acquired a new position in Oxford Industries during the second quarter worth about $202,000. Institutional investors own 86.61% 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, Lilly Pulitzer and Southern Tide lifestyle brands, other owned brands and licensed brands, as well as private label apparel products. It distributes its lifestyle branded products through its direct to consumer channels, consisting of its Tommy Bahama and Lilly Pulitzer full-price retail stores and its e-commerce sites for Tommy Bahama, Lilly Pulitzer and Southern Tide, and through its wholesale distribution channels.
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