Oxford Industries Inc (NYSE:OXM) – Research analysts at B. Riley increased their FY2019 earnings per share estimates for shares of Oxford Industries in a research note issued on Thursday, September 13th. B. Riley analyst S. Anderson now expects that the textile maker will post earnings per share of $4.62 for the year, up from their prior estimate of $4.58. B. Riley currently has a “Buy” rating and a $97.00 price target on the stock. B. Riley also issued estimates for Oxford Industries’ Q4 2019 earnings at $1.32 EPS.
Oxford Industries (NYSE:OXM) last posted its earnings results on Wednesday, September 12th. The textile maker reported $1.83 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.83. The firm had revenue of $302.60 million for the quarter, compared to the consensus estimate of $306.12 million. Oxford Industries had a return on equity of 16.59% and a net margin of 6.61%. The business’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.44 earnings per share.
Other research analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of Oxford Industries from a “hold” rating to a “buy” rating and set a $107.00 price target on the stock in a report on Thursday, August 23rd. DA Davidson reaffirmed a “buy” rating and issued a $107.00 price target (up previously from $91.00) on shares of Oxford Industries in a report on Thursday, June 7th. KeyCorp upped their price target on shares of Oxford Industries from $92.00 to $98.00 and gave the stock an “overweight” rating in a report on Wednesday, June 13th. Finally, SunTrust Banks upped their price target on shares of Oxford Industries to $97.00 and gave the stock a “buy” rating in a report on Thursday, September 13th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Oxford Industries has a consensus rating of “Buy” and an average price target of $94.75.
Oxford Industries stock opened at $91.61 on Monday. The firm has a market capitalization of $1.53 billion, a PE ratio of 24.37, a PEG ratio of 1.97 and a beta of 0.21. Oxford Industries has a fifty-two week low of $59.23 and a fifty-two week high of $97.19. The company has a current ratio of 2.25, a quick ratio of 1.06 and a debt-to-equity ratio of 0.16.
The company also recently declared a quarterly dividend, which will be paid on Friday, November 2nd. Stockholders of record on Friday, October 19th will be issued a $0.34 dividend. The ex-dividend date of this dividend is Thursday, October 18th. This represents a $1.36 annualized dividend and a dividend yield of 1.48%. Oxford Industries’s payout ratio is currently 37.16%.
Several institutional investors have recently added to or reduced their stakes in OXM. Itau Unibanco Holding S.A. bought a new position in shares of Oxford Industries in the second quarter worth $100,000. Xact Kapitalforvaltning AB bought a new position in Oxford Industries in the first quarter valued at $213,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in Oxford Industries in the second quarter valued at $224,000. Amalgamated Bank bought a new position in Oxford Industries in the second quarter valued at $226,000. Finally, Brinker Capital Inc. bought a new position in Oxford Industries in the first quarter valued at $231,000. 89.85% of the stock is currently owned by hedge funds and other institutional investors.
About Oxford Industries
Oxford Industries, Inc, an apparel company, designs, sources, markets, and distributes products of company owned and licensed brands, and private labels apparel products worldwide. The company offers men's and women's sportswear and related products under the Tommy Bahama brand; women's and girl's dresses and sportswear, scarves, bags, jewelry, and belts, as well as footwear and children's apparel under the Lilly Pulitzer brand; and men's shirts, pants, shorts, outerwear, ties, swimwear, footwear, and accessories, as well as women's products under the Southern Tide brand.
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