FBR & Co Reiterates “$75.00” Price Target for Oxford Industries, Inc. (OXM)
Other research analysts also recently issued research reports about the stock. BidaskClub downgraded shares of Oxford Industries from a buy rating to a hold rating in a report on Saturday, August 5th. TheStreet upgraded shares of Oxford Industries from a c+ rating to a b- rating in a report on Thursday, June 15th. Zacks Investment Research upgraded shares of Oxford Industries from a sell rating to a hold rating in a report on Tuesday, May 30th. Telsey Advisory Group raised their price target on shares of Oxford Industries from $53.00 to $58.00 and gave the company a market perform rating in a report on Wednesday, June 7th. Finally, B. Riley restated a buy rating and set a $66.00 price target on shares of Oxford Industries in a report on Monday, June 5th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus target price of $71.33.
Oxford Industries (OXM) opened at 57.81 on Monday. The firm has a 50-day moving average price of $60.93 and a 200-day moving average price of $58.15. The company has a market cap of $971.79 million, a P/E ratio of 19.47 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 released its earnings results on Thursday, August 31st. The textile maker reported $1.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.01. Oxford Industries had a net margin of 4.76% and a return on equity of 14.00%. The company had revenue of $284.70 million during the quarter, compared to the consensus estimate of $291.34 million. During the same quarter in the prior year, the firm earned $1.48 EPS. The company’s revenue was up .6% compared to the same quarter last year. On average, analysts forecast that Oxford Industries will post $3.59 earnings per share for the current fiscal year.
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The firm also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Stockholders of record on Friday, October 13th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.87%. Oxford Industries’s dividend payout ratio is currently 36.36%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in OXM. QS Investors LLC raised its position in Oxford Industries by 0.4% in the second quarter. QS Investors LLC now owns 3,629 shares of the textile maker’s stock worth $227,000 after buying an additional 15 shares during the last quarter. Alps Advisors Inc. raised its position in Oxford Industries by 0.3% in the second quarter. Alps Advisors Inc. now owns 9,005 shares of the textile maker’s stock worth $563,000 after buying an additional 23 shares during the last quarter. Pinebridge Investments L.P. raised 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. Louisiana State Employees Retirement System raised its position in Oxford Industries by 1.7% in the first quarter. Louisiana State Employees Retirement System now owns 6,100 shares of the textile maker’s stock worth $349,000 after buying an additional 100 shares during the last quarter. Finally, Arizona State Retirement System raised its position in Oxford Industries by 1.3% in the first quarter. Arizona State Retirement System now owns 7,755 shares of the textile maker’s stock worth $444,000 after buying an additional 100 shares during the last quarter. Institutional investors and hedge funds own 86.61% of the company’s stock.
About Oxford Industries
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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