Oxford Industries (NYSE:OXM) had its price objective lifted by investment analysts at SunTrust Banks to $90.00 in a report issued on Tuesday, January 9th, The Fly reports. The brokerage currently has a “buy” rating on the textile maker’s stock. SunTrust Banks’ target price points to a potential upside of 14.55% from the stock’s current price.
OXM has been the topic of a number of other research reports. Zacks Investment Research upgraded Oxford Industries from a “hold” rating to a “buy” rating and set a $81.00 target price on the stock in a research report on Thursday, December 21st. 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 research report on Thursday, November 30th. DA Davidson set a $71.00 target price on Oxford Industries and gave the company a “hold” rating in a research report on Wednesday, December 6th. B. Riley began coverage on Oxford Industries in a report on Friday, December 22nd. They issued a “buy” rating and a $84.00 price target for the company. Finally, Needham & Company LLC downgraded Oxford Industries from a “buy” rating to a “hold” rating and set a $68.00 price target for the company. in a report on Friday, December 1st. They noted that the move was a valuation call. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $77.80.
Shares of Oxford Industries (OXM) traded down $0.63 during mid-day trading on Tuesday, hitting $78.57. The stock had a trading volume of 14,568 shares, compared to its average volume of 126,066. Oxford Industries has a 1-year low of $49.50 and a 1-year high of $84.32. The stock has a market capitalization of $1,330.00, a price-to-earnings ratio of 24.98, a price-to-earnings-growth ratio of 1.82 and a beta of 0.36. 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 (NYSE:OXM) last issued its quarterly earnings results on Tuesday, December 5th. The textile maker reported $0.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.05. The business had revenue of $236.00 million for the quarter, compared to analyst estimates of $242.98 million. Oxford Industries had a return on equity of 14.26% and a net margin of 4.83%. The company’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.07) earnings per share. equities analysts expect that Oxford Industries will post 3.67 earnings per share for the current year.
In related news, Director Dennis M. Love sold 1,500 shares of the business’s stock in a transaction that occurred 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 sale, the director now directly owns 17,002 shares in the company, valued at $1,225,674.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider James Wesley Howard, Jr. sold 4,750 shares of the business’s stock in a transaction that occurred 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 sale, 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.
A number of large investors have recently modified their holdings of the business. New Amsterdam Partners LLC NY grew its holdings in Oxford Industries by 3.0% in the 4th quarter. New Amsterdam Partners LLC NY now owns 26,917 shares of the textile maker’s stock valued at $2,024,000 after buying an additional 781 shares in the last quarter. Greenwood Capital Associates LLC grew its holdings in Oxford Industries by 41.6% in the 4th quarter. Greenwood Capital Associates LLC now owns 7,374 shares of the textile maker’s stock valued at $554,000 after buying an additional 2,166 shares in the last quarter. Comerica Bank grew its holdings in Oxford Industries by 23.4% in the 4th quarter. Comerica Bank now owns 55,896 shares of the textile maker’s stock valued at $4,608,000 after buying an additional 10,591 shares in the last quarter. Wedge Capital Management L L P NC grew its holdings in Oxford Industries by 2.7% in the 4th quarter. Wedge Capital Management L L P NC now owns 252,203 shares of the textile maker’s stock valued at $18,963,000 after buying an additional 6,686 shares in the last quarter. Finally, Chicago Equity Partners LLC purchased a new stake in Oxford Industries in the 4th quarter valued at $1,517,000. Institutional investors own 89.56% 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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