Oxford Industries Inc (NYSE:OXM) – Stock analysts at KeyCorp reduced their Q3 2019 earnings per share (EPS) estimates for shares of Oxford Industries in a research report issued on Wednesday, September 12th. KeyCorp analyst E. Yruma now forecasts that the textile maker will post earnings of $0.17 per share for the quarter, down from their previous forecast of $0.18. KeyCorp currently has a “Overweight” rating and a $104.00 price target on the stock. KeyCorp also issued estimates for Oxford Industries’ Q4 2019 earnings at $1.37 EPS, Q1 2020 earnings at $1.41 EPS, Q2 2020 earnings at $2.00 EPS, Q3 2020 earnings at $0.22 EPS, Q4 2020 earnings at $1.51 EPS and FY2020 earnings at $5.14 EPS.
Oxford Industries (NYSE:OXM) last issued its quarterly earnings data on Wednesday, September 12th. The textile maker reported $1.83 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.83. The firm had revenue of $302.60 million for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the company earned $1.44 EPS.
Other equities research analysts have also issued reports about the company. Zacks Investment Research upgraded Oxford Industries from a “hold” rating to a “buy” rating and set a $99.00 price objective on the stock in a research report on Friday, June 15th. B. Riley lifted their price target on Oxford Industries from $93.00 to $97.00 and gave the company a “buy” rating in a research report on Wednesday, June 13th. DA Davidson restated a “buy” rating and set a $107.00 price target (up from $91.00) on shares of Oxford Industries in a research report on Thursday, June 7th. Finally, SunTrust Banks lifted their price target on Oxford Industries to $97.00 and gave the company a “buy” rating in a research report on Thursday, September 13th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $94.75.
Shares of OXM stock opened at $91.61 on Monday. The company has a market capitalization of $1.53 billion, a PE ratio of 24.37, a price-to-earnings-growth 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 debt-to-equity ratio of 0.16, a quick ratio of 1.06 and a current ratio of 2.25.
The company also recently declared a quarterly dividend, which will be paid on Friday, November 2nd. Investors of record on Friday, October 19th will be given a dividend of $0.34 per share. The ex-dividend date is Thursday, October 18th. This represents a $1.36 annualized dividend and a dividend yield of 1.48%. Oxford Industries’s dividend payout ratio is presently 37.16%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Itau Unibanco Holding S.A. bought a new stake in shares of Oxford Industries during the second quarter valued at approximately $100,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Oxford Industries during the second quarter valued at approximately $224,000. Amalgamated Bank bought a new stake in shares of Oxford Industries during the second quarter valued at approximately $226,000. Xact Kapitalforvaltning AB bought a new stake in shares of Oxford Industries during the first quarter valued at approximately $213,000. Finally, First Republic Investment Management Inc. bought a new stake in shares of Oxford Industries during the second quarter valued at approximately $252,000. Institutional investors own 89.85% of the company’s stock.
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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