Oxford Industries (NYSE:OXM) Price Target Raised to $120.00

Oxford Industries (NYSE:OXM) had its price target increased by B. Riley from $106.00 to $120.00 in a research report sent to investors on Thursday, The Fly reports. B. Riley currently has a buy rating on the textile maker’s stock.

A number of other research firms have also recently commented on OXM. Citigroup lifted their target price on shares of Oxford Industries from $90.00 to $112.00 and gave the stock a neutral rating in a research note on Thursday. KeyCorp lifted their price objective on shares of Oxford Industries from $103.00 to $135.00 and gave the stock an overweight rating in a research note on Thursday. Zacks Investment Research raised Oxford Industries from a sell rating to a hold rating in a research report on Wednesday, March 17th. Finally, Telsey Advisory Group lifted their price target on Oxford Industries from $100.00 to $120.00 and gave the stock a market perform rating in a research report on Thursday. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of $118.17.

Shares of OXM opened at $106.10 on Thursday. The stock has a market cap of $1.79 billion, a price-to-earnings ratio of -18.39 and a beta of 1.84. Oxford Industries has a 12 month low of $37.89 and a 12 month high of $114.47. The firm’s fifty day simple moving average is $92.08.

Oxford Industries (NYSE:OXM) last announced its earnings results on Tuesday, June 8th. The textile maker reported $1.89 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.06 by $0.83. The company had revenue of $265.76 million for the quarter, compared to analyst estimates of $233.07 million. Oxford Industries had a negative return on equity of 7.06% and a negative net margin of 12.78%. The firm’s quarterly revenue was up 65.7% compared to the same quarter last year. During the same period in the prior year, the company posted ($1.12) EPS. On average, equities research analysts forecast that Oxford Industries will post 3.05 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 30th. Stockholders of record on Friday, April 16th were paid a $0.37 dividend. The ex-dividend date of this dividend was Thursday, April 15th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.39%. This is a positive change from Oxford Industries’s previous quarterly dividend of $0.25. Oxford Industries’s dividend payout ratio is presently -81.77%.

In other Oxford Industries news, EVP Thomas E. Campbell sold 5,000 shares of the company’s stock in a transaction on Tuesday, March 30th. The shares were sold at an average price of $85.25, for a total value of $426,250.00. Following the sale, the executive vice president now directly owns 41,388 shares of the company’s stock, valued at $3,528,327. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 5.80% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Fifth Third Bancorp boosted its position in Oxford Industries by 71.8% in the 1st quarter. Fifth Third Bancorp now owns 335 shares of the textile maker’s stock worth $29,000 after purchasing an additional 140 shares in the last quarter. Veriti Management LLC acquired a new position in shares of Oxford Industries in the 4th quarter valued at $60,000. Arlington Partners LLC acquired a new stake in Oxford Industries during the first quarter valued at $64,000. Maverick Capital Ltd. purchased a new position in Oxford Industries in the first quarter valued at $73,000. Finally, Captrust Financial Advisors raised its position in shares of Oxford Industries by 466.2% in the first quarter. Captrust Financial Advisors now owns 2,259 shares of the textile maker’s stock worth $197,000 after acquiring an additional 1,860 shares during the period. Institutional investors own 85.78% of the company’s stock.

Oxford Industries Company Profile

Oxford Industries, Inc, an apparel company, designs, sources, markets, and distributes products of lifestyle and other brands worldwide. The company offers men's and women's sportswear and related products under the Tommy Bahama brand; women's and girl's dresses and sportswear, scarves, bags, jewelry, and belts, as well as footwear and children's apparel under the Lilly Pulitzer brand; and men's shirts, pants, shorts, outerwear, ties, swimwear, footwear, and accessories, as well as women and youth products under the Southern Tide brand.

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