Oxford Industries, Inc. (NYSE:OXM) – Equities research analysts at DA Davidson reduced their Q4 2018 earnings per share (EPS) estimates for Oxford Industries in a report issued on Wednesday. DA Davidson analyst A. Burns now forecasts that the textile maker will post earnings of $0.87 per share for the quarter, down from their prior forecast of $0.91. DA Davidson currently has a “Hold” rating and a $71.00 target price on the stock. DA Davidson also issued estimates for Oxford Industries’ 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.
A number of other brokerages have also issued reports on OXM. Zacks Investment Research raised shares of Oxford Industries from a “hold” rating to a “buy” rating and set a $81.00 price objective for the company in a report on Friday. SunTrust Banks reaffirmed a “buy” rating on shares of Oxford Industries in a report on Thursday. Telsey Advisory Group increased their price objective on shares of Oxford Industries from $58.00 to $65.00 and gave the company a “market perform” rating in a report on Thursday, November 30th. Needham & Company LLC lowered shares of Oxford Industries from a “buy” rating to a “hold” rating and set a $68.00 price objective for the company. in a report on Friday, December 1st. They noted that the move was a valuation call. Finally, KeyCorp reaffirmed a “buy” rating and set a $78.00 price objective on shares of Oxford Industries in a report on Friday, November 24th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $71.20.
Shares of Oxford Industries (NYSE:OXM) opened at $70.98 on Friday. The company has a quick ratio of 0.70, a current ratio of 1.99 and a debt-to-equity ratio of 0.18. Oxford Industries has a fifty-two week low of $49.50 and a fifty-two week high of $73.62. The stock has a market cap of $1,221.75, a P/E ratio of 21.60, a P/E/G ratio of 1.98 and a beta of 0.39.
Oxford Industries (NYSE:OXM) last released its earnings results on Tuesday, December 5th. The textile maker reported $0.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.05. The company had revenue of $236.00 million during the quarter, compared to analyst estimates of $242.98 million. Oxford Industries had a net margin of 4.83% and a return on equity of 14.26%. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.07) EPS.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. QS Investors LLC boosted its position in shares of Oxford Industries by 0.4% during the 2nd quarter. QS Investors LLC now owns 3,629 shares of the textile maker’s stock valued at $227,000 after acquiring an additional 15 shares during the last quarter. Alps Advisors Inc. boosted its position in shares of Oxford Industries by 0.3% during the 2nd 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 last quarter. Pinebridge Investments L.P. boosted its position in shares of Oxford Industries by 1.5% during the 2nd quarter. Pinebridge Investments L.P. now owns 1,977 shares of the textile maker’s stock valued at $124,000 after acquiring an additional 30 shares during the last quarter. Arizona State Retirement System boosted its position in shares of Oxford Industries by 1.3% during the 2nd quarter. Arizona State Retirement System now owns 7,855 shares of the textile maker’s stock valued at $491,000 after acquiring an additional 100 shares during the last quarter. Finally, Texas Permanent School Fund boosted its position in shares of Oxford Industries by 1.4% during the 2nd quarter. Texas Permanent School Fund now owns 10,956 shares of the textile maker’s stock valued at $685,000 after acquiring an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 89.14% of the company’s stock.
The company also recently announced a quarterly dividend, which will be paid on Friday, February 2nd. Stockholders of record on Friday, January 19th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Thursday, January 18th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.52%. Oxford Industries’s dividend payout ratio is currently 35.41%.
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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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