Oxford Industries Inc (NYSE:OXM) has received an average recommendation of “Buy” from the twelve ratings firms that are presently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $77.80.
A number of research firms have recently issued reports on OXM. B. Riley restated a “buy” rating and issued a $84.00 price target on shares of Oxford Industries in a research report on Tuesday, January 9th. SunTrust Banks raised their price target on shares of Oxford Industries to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, January 9th. Zacks Investment Research upgraded shares of Oxford Industries from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a research report on Friday, January 5th. DA Davidson upgraded shares of Oxford Industries from a “neutral” rating to a “buy” rating and set a $91.00 price target on the stock in a research report on Thursday, January 4th. Finally, Telsey Advisory Group raised their price target on shares of Oxford Industries from $65.00 to $68.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 6th.
In related news, insider James Wesley Howard, Jr. sold 4,750 shares of Oxford Industries 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 sale, the insider now directly owns 6,204 shares in the company, valued at approximately $497,871. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Dennis M. Love sold 1,500 shares of Oxford Industries stock in a transaction dated 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 $1,225,674.18. The disclosure for this sale can be found here. Company insiders own 3.29% of the company’s stock.
A number of large investors have recently modified their holdings of the stock. California Public Employees Retirement System raised its position in shares of Oxford Industries by 3.4% during the 2nd quarter. California Public Employees Retirement System now owns 58,300 shares of the textile maker’s stock worth $3,643,000 after buying an additional 1,900 shares in the last quarter. Bessemer Group Inc. raised its position in shares of Oxford Industries by 109,500.0% during the 3rd quarter. Bessemer Group Inc. now owns 21,920 shares of the textile maker’s stock worth $1,393,000 after buying an additional 21,900 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Oxford Industries by 60.9% during the 2nd quarter. Goldman Sachs Group Inc. now owns 44,747 shares of the textile maker’s stock worth $2,796,000 after buying an additional 16,943 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Oxford Industries by 1,145.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 143,910 shares of the textile maker’s stock worth $9,059,000 after buying an additional 132,355 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Oxford Industries by 1.1% during the 2nd quarter. Vanguard Group Inc. now owns 1,330,589 shares of the textile maker’s stock worth $83,148,000 after buying an additional 14,729 shares in the last quarter. Hedge funds and other institutional investors own 89.68% of the company’s stock.
Shares of Oxford Industries (OXM) traded up $0.35 during mid-day trading on Tuesday, reaching $80.84. 10,476 shares of the company’s stock traded hands, compared to its average volume of 116,474. The firm has a market cap of $1,369.04, a price-to-earnings ratio of 26.39, a P/E/G ratio of 1.82 and a beta of 0.36. 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 has a 52 week low of $49.50 and a 52 week high of $84.32.
Oxford Industries (NYSE:OXM) last announced its quarterly earnings data on Tuesday, December 5th. The textile maker reported $0.17 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.05. The company had revenue of $236.00 million during the quarter, compared to analyst estimates of $242.98 million. Oxford Industries had a net margin of 4.83% and a return on equity of 14.26%. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period last year, the business earned ($0.07) EPS. equities research analysts predict that Oxford Industries will post 3.65 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 2nd. Investors of record on Friday, January 19th were given a $0.27 dividend. The ex-dividend date of this dividend was Thursday, January 18th. This represents a $1.08 annualized dividend and a yield of 1.34%. Oxford Industries’s dividend payout ratio is presently 35.41%.
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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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