B. Riley restated their buy rating on shares of Oxford Industries (NYSE:OXM) in a research note released on Tuesday, January 9th. The brokerage currently has a $84.00 target price on the textile maker’s stock.
Other equities research analysts also recently issued research reports about the company. FBR & Co reissued a buy rating and issued a $75.00 price objective on shares of Oxford Industries in a report on Tuesday, September 12th. Zacks Investment Research upgraded Oxford Industries from a hold rating to a buy rating and set a $68.00 price target on the stock in a research note on Friday, September 15th. SunTrust Banks restated a buy rating and issued a $66.00 price target on shares of Oxford Industries in a research note on Tuesday, October 24th. Needham & Company LLC set a $62.00 price target on Oxford Industries and gave the company a buy rating in a research note on Monday, October 16th. Finally, KeyCorp restated a buy rating and issued a $78.00 price target on shares of Oxford Industries in a research note on Friday, November 24th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Oxford Industries presently has a consensus rating of Buy and a consensus target price of $77.80.
Oxford Industries (NYSE:OXM) traded down $0.06 during trading hours on Tuesday, reaching $79.20. The company’s stock had a trading volume of 174,788 shares, compared to its average volume of 115,729. Oxford Industries has a 52-week low of $49.50 and a 52-week high of $84.32. The company has a current ratio of 1.99, a quick ratio of 0.91 and a debt-to-equity ratio of 0.18. The firm has a market cap of $1,333.17, a P/E ratio of 25.97, a P/E/G ratio of 1.82 and a beta of 0.36.
Oxford Industries (NYSE:OXM) last released its quarterly 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. The firm had revenue of $236.00 million during 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%. The business’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.07) EPS. research analysts forecast that Oxford Industries will post 3.67 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, February 2nd. Stockholders of record on Friday, January 19th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.36%. The ex-dividend date was Thursday, January 18th. Oxford Industries’s dividend payout ratio (DPR) is currently 35.41%.
In related news, insider James Wesley Howard, Jr. sold 4,750 shares of the firm’s 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 sale, the insider now directly owns 6,204 shares of the company’s stock, valued at $497,871. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Dennis M. Love sold 1,500 shares of the firm’s stock in a transaction dated Friday, December 8th. The shares were 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 directly owns 17,002 shares in the company, valued at $1,225,674.18. The disclosure for this sale can be found here. Corporate insiders own 3.29% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the stock. QS Investors LLC boosted its stake in Oxford Industries by 0.4% in the second quarter. QS Investors LLC now owns 3,629 shares of the textile maker’s stock valued at $227,000 after buying an additional 15 shares in the last quarter. Pinebridge Investments L.P. boosted its stake 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 valued at $124,000 after purchasing an additional 30 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Oxford Industries by 3.8% during the second quarter. The Manufacturers Life Insurance Company now owns 12,737 shares of the textile maker’s stock valued at $795,000 after purchasing an additional 470 shares in the last quarter. New Amsterdam Partners LLC NY boosted its stake in shares of Oxford Industries by 3.0% during the fourth quarter. New Amsterdam Partners LLC NY now owns 26,917 shares of the textile maker’s stock valued at $2,024,000 after purchasing an additional 781 shares in the last quarter. Finally, American International Group Inc. boosted its stake in shares of Oxford Industries by 7.7% during the third quarter. American International Group Inc. now owns 13,086 shares of the textile maker’s stock valued at $831,000 after purchasing an additional 939 shares in the last quarter. 89.44% of the stock is currently owned by institutional investors and hedge funds.
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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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