Oxford Industries (NYSE:OXM) had its target price upped by stock analysts at SunTrust Banks to $90.00 in a research report issued to clients and investors on Tuesday, January 9th, The Fly reports. The firm presently has a “buy” rating on the textile maker’s stock. SunTrust Banks’ target price points to a potential upside of 13.75% from the company’s current price.
Several other equities research analysts have also issued reports on the stock. Zacks Investment Research raised shares of Oxford Industries from a “hold” rating to a “buy” rating and set a $81.00 target price on the stock in a research note on Friday, December 8th. KeyCorp reissued a “buy” rating and issued a $78.00 price target on shares of Oxford Industries in a research report on Friday, November 24th. DA Davidson set a $71.00 price target on shares of Oxford Industries and gave the company a “hold” rating in a research report on Wednesday, December 6th. Telsey Advisory Group boosted their target price on shares of Oxford Industries from $58.00 to $65.00 and gave the stock a “market perform” rating in a research report on Thursday, November 30th. Finally, B. Riley assumed coverage on shares of Oxford Industries in a research report on Friday, December 22nd. They set a “buy” rating and a $84.00 target price on the stock. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $77.80.
Shares of Oxford Industries (NYSE:OXM) traded down $0.08 during mid-day trading on Tuesday, hitting $79.12. The stock had a trading volume of 23,861 shares, compared to its average volume of 126,264. Oxford Industries has a 1 year low of $49.50 and a 1 year high of $84.32. The company has a quick ratio of 0.91, a current ratio of 1.99 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $1,330.00, a PE ratio of 24.94, a price-to-earnings-growth ratio of 1.82 and a beta of 0.36.
Oxford Industries (NYSE:OXM) last issued its earnings results on Tuesday, December 5th. The textile maker reported $0.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.05. The firm 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 was up 6.2% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.07) earnings per share. research analysts forecast that Oxford Industries will post 3.67 EPS for the current fiscal year.
In other Oxford Industries news, Director Dennis M. Love sold 1,500 shares of Oxford Industries 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 sale, the director now owns 17,002 shares in the company, valued at $1,225,674.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider James Wesley Howard, Jr. sold 4,750 shares of Oxford Industries stock in a transaction on Wednesday, January 10th. The stock was 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 in the company, valued at approximately $497,871. The disclosure for this sale can be found here. Insiders own 3.29% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of OXM. Vanguard Group Inc. boosted its holdings in shares of Oxford Industries by 1.1% in the second quarter. Vanguard Group Inc. now owns 1,330,589 shares of the textile maker’s stock valued at $83,148,000 after purchasing an additional 14,729 shares during the period. Dimensional Fund Advisors LP lifted its stake in Oxford Industries by 1.8% in the third quarter. Dimensional Fund Advisors LP now owns 787,398 shares of the textile maker’s stock valued at $50,031,000 after acquiring an additional 13,830 shares during the last quarter. Schroder Investment Management Group lifted its stake in Oxford Industries by 14.1% in the third quarter. Schroder Investment Management Group now owns 387,778 shares of the textile maker’s stock valued at $24,415,000 after acquiring an additional 47,842 shares during the last quarter. State Street Corp lifted its stake in Oxford Industries by 2.9% in the second quarter. State Street Corp now owns 363,263 shares of the textile maker’s stock valued at $22,694,000 after acquiring an additional 10,184 shares during the last quarter. Finally, Westwood Holdings Group Inc. lifted its stake in Oxford Industries by 34.1% in the second quarter. Westwood Holdings Group Inc. now owns 318,023 shares of the textile maker’s stock valued at $19,873,000 after acquiring an additional 80,913 shares during the last quarter. Hedge funds and other institutional investors own 89.56% of the company’s stock.
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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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