Oxford Industries, Inc. (OXM) Receives Consensus Rating of “Buy” from Analysts
Shares of Oxford Industries, Inc. (NYSE:OXM) have earned an average rating of “Buy” from the eleven analysts that are presently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $66.86.
A number of brokerages have issued reports on OXM. B. Riley restated a “buy” rating on shares of Oxford Industries in a report on Wednesday, November 1st. BidaskClub cut Oxford Industries from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. Zacks Investment Research cut Oxford Industries from a “buy” rating to a “hold” rating in a report on Wednesday, September 27th. Needham & Company LLC set a $62.00 target price on Oxford Industries and gave the stock a “buy” rating in a report on Monday, October 16th. Finally, FBR & Co restated a “buy” rating and set a $75.00 target price on shares of Oxford Industries in a report on Tuesday, September 12th.
Shares of Oxford Industries (NYSE OXM) traded up $2.03 on Friday, reaching $63.56. The company’s stock had a trading volume of 99,500 shares, compared to its average volume of 117,768. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.70 and a current ratio of 1.68. Oxford Industries has a 12-month low of $49.50 and a 12-month high of $76.19. The company has a market capitalization of $1,069.52, a PE ratio of 20.37, a P/E/G ratio of 1.75 and a beta of 0.37.
Oxford Industries (NYSE:OXM) last issued its earnings results on Thursday, August 31st. The textile maker reported $1.44 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.43 by $0.01. Oxford Industries had a return on equity of 13.56% and a net margin of 4.64%. The firm had revenue of $284.70 million for the quarter, compared to analysts’ expectations of $291.34 million. During the same quarter last year, the business earned $1.48 earnings per share. The company’s revenue was up .6% compared to the same quarter last year. equities analysts expect that Oxford Industries will post 3.63 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 27th. Stockholders of record on Friday, October 13th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend was Thursday, October 12th. Oxford Industries’s dividend payout ratio (DPR) is presently 37.37%.
Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its holdings in shares of Oxford Industries by 97,941.6% during the 1st quarter. BlackRock Inc. now owns 1,957,890 shares of the textile maker’s stock valued at $112,110,000 after purchasing an additional 1,955,893 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Oxford Industries by 1.1% during the 2nd quarter. Vanguard Group Inc. now owns 1,330,589 shares of the textile maker’s stock valued at $83,148,000 after purchasing an additional 14,729 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Oxford Industries by 7.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 773,568 shares of the textile maker’s stock valued at $48,340,000 after purchasing an additional 51,801 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Oxford Industries by 5.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 612,624 shares of the textile maker’s stock valued at $38,283,000 after purchasing an additional 31,195 shares in the last quarter. Finally, Schroder Investment Management Group lifted its holdings in shares of Oxford Industries by 14.1% during the 3rd quarter. Schroder Investment Management Group now owns 387,778 shares of the textile maker’s stock valued at $24,415,000 after purchasing an additional 47,842 shares in the last quarter. Institutional investors and hedge funds own 86.52% of the company’s stock.
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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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