Oxford Industries (NYSE:OXM) had its target price raised by equities research analysts at SunTrust Banks to $90.00 in a research note issued to investors on Tuesday. The firm currently has a “buy” rating on the textile maker’s stock. SunTrust Banks’ price target indicates a potential upside of 9.38% from the stock’s previous close.
A number of other research firms have also recently commented on OXM. Zacks Investment Research upgraded Oxford Industries from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a research note on Friday, January 5th. DA Davidson upgraded Oxford Industries from a “neutral” rating to a “buy” rating and set a $91.00 target price on the stock in a research note on Thursday, January 4th. B. Riley assumed coverage on Oxford Industries in a research note on Friday, December 22nd. They set a “buy” rating and a $84.00 target price on the stock. Telsey Advisory Group lifted their target price on Oxford Industries from $58.00 to $65.00 and gave the stock a “market perform” rating in a research note on Thursday, November 30th. Finally, Needham & Company LLC cut Oxford Industries from a “buy” rating to a “hold” rating and set a $68.00 target price on the stock. in a research note 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 given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $77.80.
Oxford Industries (NYSE OXM) traded up $0.11 during midday trading on Tuesday, hitting $82.28. The stock had a trading volume of 94,118 shares, compared to its average volume of 132,353. The company has a market cap 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 has a 12 month low of $49.50 and a 12 month high of $82.90. The company has a quick ratio of 0.91, a current ratio of 1.99 and a debt-to-equity ratio of 0.18.
Oxford Industries (NYSE:OXM) last released its earnings results on Tuesday, December 5th. The textile maker reported $0.17 EPS for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.05. The company had revenue of $236.00 million for 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 business’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.07) EPS. equities research analysts forecast that Oxford Industries will post 3.67 earnings per share for the current fiscal year.
In related news, Director Dennis M. Love sold 1,500 shares of Oxford Industries stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $72.09, for a total value of $108,135.00. Following the completion of the sale, the director now owns 17,002 shares of the company’s stock, valued at approximately $1,225,674.18. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider James Wesley Howard, Jr. sold 4,750 shares of Oxford Industries stock in a transaction dated Wednesday, January 10th. The stock was sold at an average price of $80.25, for a total value of $381,187.50. Following the completion of the sale, the insider now directly owns 6,204 shares of the company’s stock, valued at approximately $497,871. The disclosure for this sale can be found here. Company insiders own 3.29% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Algert Global LLC increased its holdings in Oxford Industries by 740.0% in the 3rd quarter. Algert Global LLC now owns 37,706 shares of the textile maker’s stock worth $2,396,000 after acquiring an additional 33,217 shares during the last quarter. California Public Employees Retirement System grew its holdings in Oxford Industries by 12.1% during the 3rd quarter. California Public Employees Retirement System now owns 65,365 shares of the textile maker’s stock valued at $4,153,000 after buying an additional 7,065 shares in the last quarter. Vident Investment Advisory LLC purchased a new position in Oxford Industries during the 3rd quarter valued at about $1,869,000. King Luther Capital Management Corp grew its holdings in Oxford Industries by 41.7% during the 3rd quarter. King Luther Capital Management Corp now owns 45,225 shares of the textile maker’s stock valued at $2,874,000 after buying an additional 13,320 shares in the last quarter. Finally, Invictus RG grew its holdings in Oxford Industries by 41.5% during the 3rd quarter. Invictus RG now owns 4,384 shares of the textile maker’s stock valued at $279,000 after buying an additional 1,285 shares in the last quarter. 89.06% of the stock is owned by institutional investors.
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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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