Zacks Investment Research upgraded shares of Oxford Industries (NYSE:OXM) from a hold rating to a buy rating in a research report report published on Friday morning. They currently have $85.00 target price on the textile maker’s stock.

According to Zacks, “Oxford Industries, Inc. is an apparel company which designs, sources, markets and distributes products bearing the trademarks of its owned and licensed brands. Oxford’s owned brands include Tommy Bahama®, Lilly Pulitzer®, Oxford Golf®, and Billy London®. The Company operates retail stores, internet websites and restaurants. The Company has granted licenses to select third parties to produce and sell certain product categories under its Tommy Bahama and Lilly Pulitzer brands. The Company also holds exclusive licenses to produce and sell certain product categories under the Kenneth Cole®, Geoffrey Beene®, and Dockers® labels. Oxford’s wholesale customers include department stores, specialty stores, national chains, warehouse clubs, and Internet retailers. “

OXM has been the topic of a number of other research reports. DA Davidson lowered shares of Oxford Industries from a buy rating to a neutral rating and set a $68.00 price target on the stock. in a report on Friday, September 8th. Telsey Advisory Group lifted their price target on shares of Oxford Industries from $58.00 to $65.00 and gave the stock a market perform rating in a report on Thursday, November 30th. SunTrust Banks reiterated a buy rating and set a $66.00 price target on shares of Oxford Industries in a report on Tuesday, October 24th. B. Riley started coverage on shares of Oxford Industries in a report on Friday, December 22nd. They set a buy rating and a $84.00 price target on the stock. Finally, Needham & Company LLC lowered shares of Oxford Industries from a buy rating to a hold rating and set a $68.00 price target on the stock. in a report on Friday, December 1st. They noted that the move was a valuation call. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Oxford Industries currently has an average rating of Buy and an average price target of $77.80.

Oxford Industries (NYSE:OXM) traded down $0.77 during midday trading on Friday, hitting $78.48. 9,846 shares of the company’s stock were exchanged, compared to its average volume of 173,300. The company has a market capitalization of $1,330.00, a PE ratio of 24.76, a PEG ratio of 2.18 and a beta of 0.37. Oxford Industries has a 12-month low of $49.50 and a 12-month high of $81.36. The company has a current ratio of 1.99, a quick ratio of 0.91 and a debt-to-equity ratio of 0.18.

Oxford Industries (NYSE:OXM) last posted its earnings results on Tuesday, December 5th. The textile maker reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.05. The firm had revenue of $236.00 million for the quarter, compared to analysts’ expectations of $242.98 million. Oxford Industries had a net margin of 4.83% and a return on equity of 14.26%. The company’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.07) earnings per share. analysts expect that Oxford Industries will post 3.67 EPS for the current year.

The company also recently announced 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 is Thursday, January 18th. This represents a $1.08 annualized dividend and a yield of 1.38%. Oxford Industries’s payout ratio is 34.07%.

In related news, Director Dennis M. Love sold 1,500 shares of the business’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $72.09, for a total value of $108,135.00. Following the transaction, the director now owns 17,002 shares in the company, valued at $1,225,674.18. The transaction was disclosed in a document filed with the SEC, which is available through this link. 3.29% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of OXM. Pinebridge Investments L.P. increased its stake 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 valued at $124,000 after purchasing an additional 30 shares in the last quarter. Stifel Financial Corp bought a new stake in Oxford Industries in the second quarter valued at $202,000. Piedmont Investment Advisors LLC bought a new stake in Oxford Industries in the second quarter valued at $203,000. Macquarie Group Ltd. bought a new stake in Oxford Industries in the third quarter valued at $205,000. Finally, Raymond James Financial Services Advisors Inc. bought a new stake in Oxford Industries in the third quarter valued at $222,000. 89.06% of the stock is owned by hedge funds and other institutional investors.

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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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