Oxford Industries, Inc. (NYSE:OXM)‘s stock had its “buy” rating reissued by analysts at SunTrust Banks, Inc. in a research note issued to investors on Tuesday, October 24th. They currently have a $66.00 price target on the textile maker’s stock. SunTrust Banks, Inc.’s price objective would suggest a potential upside of 3.84% from the stock’s current price.
Other equities analysts also recently issued research reports about the stock. FBR & Co reissued a “buy” rating and issued a $75.00 target price on shares of Oxford Industries in a research note on Tuesday, September 12th. Zacks Investment Research raised shares of Oxford Industries from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a research note on Friday, September 15th. Needham & Company LLC initiated coverage on shares of Oxford Industries in a research note on Tuesday, July 18th. They issued a “buy” rating and a $68.00 target price on the stock. Finally, BidaskClub downgraded shares of Oxford Industries from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $66.78.
Oxford Industries (OXM) opened at $63.56 on Tuesday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.70 and a current ratio of 1.68. The firm has a market cap of $1,069.52, a P/E ratio of 20.37, a price-to-earnings-growth ratio of 1.75 and a beta of 0.37. Oxford Industries has a one year low of $49.50 and a one year high of $76.19.
Oxford Industries (NYSE:OXM) last posted its quarterly earnings results on Thursday, August 31st. The textile maker reported $1.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.43 by $0.01. The company had revenue of $284.70 million for the quarter, compared to the consensus estimate of $291.34 million. Oxford Industries had a net margin of 4.64% and a return on equity of 13.56%. Oxford Industries’s revenue was up .6% on a year-over-year basis. During the same quarter last year, the firm posted $1.48 earnings per share. equities analysts expect that Oxford Industries will post 3.63 EPS for the current year.
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A number of hedge funds have recently made changes to their positions in OXM. UBS Asset Management Americas Inc. acquired a new position in Oxford Industries during the 1st quarter worth $263,000. Karp Capital Management Corp acquired a new position in shares of Oxford Industries in the 1st quarter valued at about $309,000. Parametric Portfolio Associates LLC boosted its holdings in shares of Oxford Industries by 6.2% in the 1st quarter. Parametric Portfolio Associates LLC now owns 55,760 shares of the textile maker’s stock valued at $3,193,000 after buying an additional 3,243 shares during the period. Mason Street Advisors LLC boosted its holdings in shares of Oxford Industries by 7.0% in the 1st quarter. Mason Street Advisors LLC now owns 3,490 shares of the textile maker’s stock valued at $200,000 after buying an additional 229 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Oxford Industries by 33.8% in the 1st quarter. JPMorgan Chase & Co. now owns 14,165 shares of the textile maker’s stock valued at $811,000 after buying an additional 3,580 shares during the period. 86.52% of the stock is owned by institutional investors.
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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