Oxford Industries, Inc. (OXM) Receives Buy Rating from FBR & Co
FBR & Co reissued their buy rating on shares of Oxford Industries, Inc. (NYSE:OXM) in a report released on Tuesday morning. FBR & Co currently has a $75.00 price objective on the textile maker’s stock.
Several other equities research analysts also recently issued reports on the stock. DA Davidson downgraded shares of Oxford Industries from a buy rating to a neutral rating and set a $68.00 price objective for the company. in a research note on Friday, September 8th. Zacks Investment Research upgraded shares of Oxford Industries from a hold rating to a buy rating and set a $71.00 price objective for the company in a research note on Thursday, September 7th. Needham & Company LLC decreased their price objective on shares of Oxford Industries from $68.00 to $62.00 and set a buy rating for the company in a research note on Friday, September 1st. BidaskClub downgraded shares of Oxford Industries from a buy rating to a hold rating in a research note on Saturday, August 5th. Finally, TheStreet upgraded shares of Oxford Industries from a c+ rating to a b- rating in a research note on Thursday, June 15th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of Buy and an average target price of $68.56.
Shares of Oxford Industries (NYSE OXM) opened at 59.65 on Tuesday. Oxford Industries has a one year low of $49.50 and a one year high of $76.19. The firm has a market capitalization of $1.00 billion, a price-to-earnings ratio of 20.09 and a beta of 0.36. The stock has a 50 day moving average of $61.10 and a 200-day moving average of $58.44.
Oxford Industries (NYSE:OXM) last released its quarterly earnings data on Thursday, August 31st. The textile maker reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.01. Oxford Industries had a net margin of 4.64% and a return on equity of 13.56%. The company had revenue of $284.70 million during the quarter, compared to the consensus estimate of $291.34 million. During the same period in the previous year, the firm earned $1.48 earnings per share. Oxford Industries’s revenue for the quarter was up .6% on a year-over-year basis. On average, equities analysts anticipate that Oxford Industries will post $3.59 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Stockholders of record on Friday, October 13th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Thursday, October 12th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.81%. Oxford Industries’s payout ratio is currently 37.37%.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Lord Abbett & CO. LLC lifted its position in shares of Oxford Industries by 4.2% during the second quarter. Lord Abbett & CO. LLC now owns 202,087 shares of the textile maker’s stock worth $12,628,000 after purchasing an additional 8,200 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Oxford Industries during the second quarter worth $1,768,000. Piedmont Investment Advisors LLC acquired a new position in shares of Oxford Industries during the second quarter worth $203,000. Westwood Holdings Group Inc. lifted its position in shares of Oxford Industries by 34.1% during the second quarter. Westwood Holdings Group Inc. now owns 318,023 shares of the textile maker’s stock worth $19,873,000 after purchasing an additional 80,913 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Oxford Industries by 3.8% during the second quarter. The Manufacturers Life Insurance Company now owns 12,737 shares of the textile maker’s stock worth $795,000 after purchasing an additional 470 shares in the last quarter. 86.56% of the stock is currently 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, 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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