Oxford Industries, Inc. (NYSE:OXM) – Analysts at KeyCorp lifted their Q2 2019 earnings per share estimates for Oxford Industries in a research note issued on Wednesday. KeyCorp analyst E. Yruma now expects that the textile maker will post earnings per share of $1.80 for the quarter, up from their prior estimate of $1.54. KeyCorp has a “Buy” rating and a $78.00 price target on the stock. KeyCorp also issued estimates for Oxford Industries’ Q3 2019 earnings at $0.20 EPS and FY2019 earnings at $4.62 EPS.
Several other research analysts also recently commented on OXM. B. Riley reissued a “buy” rating on shares of Oxford Industries in a report on Wednesday, November 1st. SunTrust Banks boosted their target price on Oxford Industries to $90.00 and gave the stock a “buy” rating in a report on Tuesday, January 9th. Zacks Investment Research downgraded Oxford Industries from a “buy” rating to a “hold” rating in a report on Wednesday, September 27th. Needham & Company LLC set a $62.00 target price on Oxford Industries and gave the stock a “buy” rating in a report on Monday, October 16th. Finally, DA Davidson raised Oxford Industries from a “neutral” rating to a “buy” rating and set a $91.00 target price on the stock in a report on Thursday, January 4th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $77.80.
Shares of Oxford Industries (NYSE:OXM) traded down $0.68 on Monday, hitting $81.60. The stock had a trading volume of 119,621 shares, compared to its average volume of 146,670. The firm has a market cap of $1,380.00, a P/E ratio of 25.74, a P/E/G ratio of 2.24 and a beta of 0.37. 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 has a fifty-two week low of $49.50 and a fifty-two week high of $84.07.
Oxford Industries (NYSE:OXM) last announced its earnings results on Tuesday, December 5th. The textile maker reported $0.17 EPS for the quarter, topping the consensus estimate of $0.12 by $0.05. The business had revenue of $236.00 million for the quarter, compared to the consensus estimate of $242.98 million. Oxford Industries had a return on equity of 14.26% and a net margin of 4.83%. Oxford Industries’s revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.07) EPS.
Several institutional investors have recently modified their holdings of OXM. Schwab Charles Investment Management Inc. raised its position in shares of Oxford Industries by 22.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 103,627 shares of the textile maker’s stock valued at $6,476,000 after acquiring an additional 18,948 shares during the last quarter. Legal & General Group Plc raised its position in shares of Oxford Industries by 14.4% during the 2nd quarter. Legal & General Group Plc now owns 30,507 shares of the textile maker’s stock valued at $1,907,000 after acquiring an additional 3,846 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Oxford Industries by 2.9% during the 2nd quarter. Principal Financial Group Inc. now owns 122,165 shares of the textile maker’s stock valued at $7,634,000 after acquiring an additional 3,412 shares during the last quarter. Teachers Advisors LLC raised its position in shares of Oxford Industries by 12.8% during the 2nd quarter. Teachers Advisors LLC now owns 29,390 shares of the textile maker’s stock valued at $1,837,000 after acquiring an additional 3,346 shares during the last quarter. Finally, TIAA CREF Investment Management LLC raised its position in shares of Oxford Industries by 8.9% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 44,118 shares of the textile maker’s stock valued at $2,757,000 after acquiring an additional 3,593 shares during the last quarter. Institutional investors own 89.06% of the company’s stock.
In other Oxford Industries news, Director Dennis M. Love sold 1,500 shares of the company’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $72.09, for a total transaction of $108,135.00. Following the completion of the sale, the director now owns 17,002 shares in the company, valued at approximately $1,225,674.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider James Wesley Howard, Jr. sold 4,750 shares of the company’s stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $80.25, for a total transaction of $381,187.50. Following the sale, the insider now owns 6,204 shares of the company’s stock, valued at approximately $497,871. The disclosure for this sale can be found here. 3.29% of the stock is currently owned by corporate insiders.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 2nd. Shareholders of record on Friday, January 19th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.32%. The ex-dividend date is Thursday, January 18th. Oxford Industries’s dividend payout ratio is 34.07%.
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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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