DA Davidson Analysts Give Oxford Industries (OXM) a $71.00 Price Target
DA Davidson set a $71.00 target price on Oxford Industries (NYSE:OXM) in a research report released on Wednesday morning. The firm currently has a hold rating on the textile maker’s stock. DA Davidson also issued estimates for Oxford Industries’ Q4 2018 earnings at $0.87 EPS, Q1 2019 earnings at $1.24 EPS, Q2 2019 earnings at $1.68 EPS, Q3 2019 earnings at $0.16 EPS, Q4 2019 earnings at $0.89 EPS and FY2020 earnings at $4.45 EPS.
Other equities analysts also recently issued research reports about the company. Needham & Company LLC dropped their target price on Oxford Industries from $68.00 to $62.00 and set a buy rating on the stock in a report on Friday, September 1st. Zacks Investment Research upgraded Oxford Industries from a hold rating to a buy rating and set a $65.00 target price on the stock in a report on Friday, September 1st. FBR & Co reiterated a buy rating and issued a $75.00 target price on shares of Oxford Industries in a report on Tuesday, September 12th. SunTrust Banks reiterated a buy rating and issued a $66.00 target price on shares of Oxford Industries in a report on Tuesday, October 24th. Finally, B. Riley reiterated a buy rating on shares of Oxford Industries in a report on Wednesday, November 1st. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has an average rating of Buy and a consensus price target of $71.20.
Shares of Oxford Industries (NYSE OXM) opened at $70.98 on Wednesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.70 and a current ratio of 1.99. The stock has a market capitalization of $1,194.81, a PE ratio of 21.13, a price-to-earnings-growth ratio of 1.93 and a beta of 0.39. Oxford Industries has a twelve month low of $49.50 and a twelve month high of $73.62.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 2nd. Investors of record on Friday, January 19th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Thursday, January 18th. This represents a $1.08 dividend on an annualized basis and a yield of 1.52%. Oxford Industries’s dividend payout ratio is currently 35.41%.
Institutional investors have recently made changes to their positions in the business. California Public Employees Retirement System boosted its position in Oxford Industries by 3.4% during the second quarter. California Public Employees Retirement System now owns 58,300 shares of the textile maker’s stock worth $3,643,000 after purchasing an additional 1,900 shares during the period. Bessemer Group Inc. boosted its position in shares of Oxford Industries by 109,500.0% in the third quarter. Bessemer Group Inc. now owns 21,920 shares of the textile maker’s stock valued at $1,393,000 after acquiring an additional 21,900 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Oxford Industries by 60.9% in the second quarter. Goldman Sachs Group Inc. now owns 44,747 shares of the textile maker’s stock valued at $2,796,000 after acquiring an additional 16,943 shares during the period. Vanguard Group Inc. boosted its position in shares of Oxford Industries by 1.1% in the second quarter. Vanguard Group Inc. now owns 1,330,589 shares of the textile maker’s stock valued at $83,148,000 after acquiring an additional 14,729 shares during the period. Finally, Alps Advisors Inc. boosted its position in shares of Oxford Industries by 0.3% in the second quarter. Alps Advisors Inc. now owns 9,005 shares of the textile maker’s stock valued at $563,000 after acquiring an additional 23 shares during the period. 89.14% of the stock is owned by hedge funds and other 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, 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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