DA Davidson upgraded shares of Oxford Industries (NYSE:OXM) from a neutral rating to a buy rating in a research report sent to investors on Thursday, January 4th, MarketBeat reports. They currently have $91.00 price target on the textile maker’s stock.
Other equities research analysts have also recently issued reports about the company. FBR & Co reaffirmed a buy rating and set a $75.00 price objective on shares of Oxford Industries in a research note on Tuesday, September 12th. Zacks Investment Research raised Oxford Industries from a hold rating to a buy rating and set a $71.00 price objective for the company in a research note on Thursday, September 7th. B. Riley reaffirmed a buy rating on shares of Oxford Industries in a research note on Wednesday, November 1st. SunTrust Banks reaffirmed a buy rating and set a $66.00 price objective on shares of Oxford Industries in a research note on Tuesday, October 24th. Finally, Needham & Company LLC set a $62.00 price objective on Oxford Industries and gave the stock a buy rating in a research note on Monday, October 16th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $77.80.
Shares of Oxford Industries (NYSE OXM) opened at $82.28 on Thursday. The firm has a market capitalization of $1,383.18, a price-to-earnings ratio of 26.98, a PEG ratio of 2.24 and a beta of 0.37. Oxford Industries has a 52-week low of $49.50 and a 52-week high of $82.90. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.91 and a current ratio of 1.99.
Oxford Industries (NYSE:OXM) last released 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. Oxford Industries had a return on equity of 14.26% and a net margin of 4.83%. The company had revenue of $236.00 million during the quarter, compared to the consensus estimate of $242.98 million. During the same quarter in the previous year, the company posted ($0.07) earnings per share. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. research analysts forecast that Oxford Industries will post 3.67 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, February 2nd. Shareholders of record on Friday, January 19th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Thursday, January 18th. This represents a $1.08 dividend on an annualized basis and a yield of 1.31%. Oxford Industries’s payout ratio is 35.41%.
In other Oxford Industries news, Director Dennis M. Love sold 1,500 shares of the business’s 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 transaction, the director now directly owns 17,002 shares of the company’s stock, valued at $1,225,674.18. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider James Wesley Howard, Jr. sold 4,750 shares of the business’s stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $80.25, for a total value of $381,187.50. Following the completion of the transaction, the insider now directly owns 6,204 shares of the company’s stock, valued at $497,871. The disclosure for this sale can be found here. 3.29% of the stock is currently owned by insiders.
Hedge funds have recently bought and sold shares of the company. Pinebridge Investments L.P. boosted its position in shares of Oxford Industries by 1.5% during the second quarter. Pinebridge Investments L.P. now owns 1,977 shares of the textile maker’s stock worth $124,000 after buying an additional 30 shares during the period. Stifel Financial Corp acquired a new position in shares of Oxford Industries during the second quarter worth about $202,000. Piedmont Investment Advisors LLC acquired a new position in shares of Oxford Industries during the second quarter worth about $203,000. Macquarie Group Ltd. acquired a new position in shares of Oxford Industries during the third quarter worth about $205,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in shares of Oxford Industries during the third quarter worth about $222,000. 89.06% of the stock is owned by 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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