B. Riley reaffirmed their buy rating on shares of Oxford Industries (NYSE:OXM) in a report issued on Tuesday. They currently have a $84.00 target price on the textile maker’s stock.
Several other brokerages have also recently issued reports on OXM. Zacks Investment Research cut Oxford Industries from a buy rating to a hold rating in a report on Wednesday, September 27th. SunTrust Banks restated a buy rating and issued a $66.00 target price on shares of Oxford Industries in a report on Tuesday, October 24th. KeyCorp restated a buy rating and issued a $78.00 target price on shares of Oxford Industries in a report on Friday, November 24th. Needham & Company LLC cut Oxford Industries from a buy rating to a hold rating and set a $68.00 target price for the company. in a report on Friday, December 1st. They noted that the move was a valuation call. Finally, Telsey Advisory Group upped their target price on Oxford Industries from $58.00 to $65.00 and gave the company a market perform rating in a report on Thursday, November 30th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of $77.80.
Shares of Oxford Industries (NYSE:OXM) traded up $0.11 on Tuesday, hitting $82.28. The company had a trading volume of 94,118 shares, compared to its average volume of 132,353. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.99 and a quick ratio of 0.91. Oxford Industries has a 52-week low of $49.50 and a 52-week high of $82.90. The stock has a market capitalization of $1,383.18, a PE ratio of 26.98, a price-to-earnings-growth ratio of 2.24 and a beta of 0.37.
Oxford Industries (NYSE:OXM) last issued its quarterly earnings results on Tuesday, December 5th. The textile maker reported $0.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.05. The firm had revenue of $236.00 million during the quarter, compared to analysts’ expectations of $242.98 million. Oxford Industries had a return on equity of 14.26% and a net margin of 4.83%. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the previous year, the business earned ($0.07) earnings per share. sell-side analysts predict that Oxford Industries will post 3.67 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 2nd. Stockholders of record on Friday, January 19th 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 1.31%. The ex-dividend date of this dividend is Thursday, January 18th. Oxford Industries’s dividend payout ratio is presently 35.41%.
In other news, Director Dennis M. Love sold 1,500 shares of the stock in a transaction on Friday, December 8th. The stock was sold at an average price of $72.09, for a total transaction of $108,135.00. Following the completion of the transaction, the director now directly owns 17,002 shares in the company, valued at approximately $1,225,674.18. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider James Wesley Howard, Jr. sold 4,750 shares of the stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $80.25, for a total value of $381,187.50. Following the transaction, the insider now owns 6,204 shares of the company’s stock, valued at $497,871. The disclosure for this sale can be found here. Corporate insiders own 3.29% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Pinebridge Investments L.P. lifted its stake in Oxford Industries by 1.5% during the 2nd quarter. Pinebridge Investments L.P. now owns 1,977 shares of the textile maker’s stock worth $124,000 after acquiring an additional 30 shares in the last quarter. Stifel Financial Corp acquired a new position in Oxford Industries during the 2nd quarter worth about $202,000. Piedmont Investment Advisors LLC acquired a new position in Oxford Industries during the 2nd quarter worth about $203,000. Macquarie Group Ltd. acquired a new position in Oxford Industries during the 3rd quarter worth about $205,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in Oxford Industries during the 3rd quarter worth about $222,000. Institutional investors and hedge funds own 89.06% of the company’s stock.
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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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