Oxford Industries (NYSE:OXM) had its price target raised by Telsey Advisory Group from $88.00 to $93.00 in a report issued on Friday, Marketbeat reports. The firm currently has a market perform rating on the textile maker’s stock.
Several other equities analysts also recently commented on the stock. Citigroup upped their price target on shares of Oxford Industries from $90.00 to $102.00 and gave the company a buy rating in a report on Monday, September 17th. Zacks Investment Research cut shares of Oxford Industries from a buy rating to a hold rating in a research report on Tuesday, September 18th. KeyCorp boosted their price objective on shares of Oxford Industries from $100.00 to $104.00 and gave the company an overweight rating in a research report on Thursday, September 13th. Finally, SunTrust Banks boosted their price objective on shares of Oxford Industries to $97.00 and gave the company a buy rating in a research report on Thursday, September 13th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Oxford Industries currently has an average rating of Buy and a consensus target price of $96.88.
NYSE:OXM traded up $0.17 during mid-day trading on Friday, hitting $92.12. 1,069 shares of the stock traded hands, compared to its average volume of 130,495. The company has a market capitalization of $1.56 billion, a price-to-earnings ratio of 25.24, a PEG ratio of 2.00 and a beta of 0.16. Oxford Industries has a 52 week low of $60.42 and a 52 week high of $97.19. The company has a current ratio of 2.07, a quick ratio of 0.96 and a debt-to-equity ratio of 0.05.
Oxford Industries (NYSE:OXM) last issued its quarterly earnings results on Wednesday, September 12th. The textile maker reported $1.83 EPS for the quarter, meeting the consensus estimate of $1.83. The company had revenue of $302.60 million for the quarter, compared to the consensus estimate of $306.12 million. Oxford Industries had a net margin of 6.61% and a return on equity of 16.20%. The firm’s revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.44 EPS. As a group, equities analysts forecast that Oxford Industries will post 4.6 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, November 2nd. Shareholders of record on Friday, October 19th were given a $0.34 dividend. The ex-dividend date was Thursday, October 18th. This represents a $1.36 annualized dividend and a yield of 1.48%. Oxford Industries’s dividend payout ratio (DPR) is 37.16%.
A number of institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its position in Oxford Industries by 8.6% in the 2nd quarter. BlackRock Inc. now owns 2,357,282 shares of the textile maker’s stock valued at $195,606,000 after buying an additional 185,923 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Oxford Industries by 1.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 799,714 shares of the textile maker’s stock worth $66,361,000 after purchasing an additional 11,829 shares during the period. Schroder Investment Management Group lifted its position in shares of Oxford Industries by 1.6% in the 2nd quarter. Schroder Investment Management Group now owns 416,249 shares of the textile maker’s stock worth $34,665,000 after purchasing an additional 6,688 shares during the period. FMR LLC lifted its position in shares of Oxford Industries by 15.4% in the 2nd quarter. FMR LLC now owns 332,536 shares of the textile maker’s stock worth $27,594,000 after purchasing an additional 44,462 shares during the period. Finally, Northern Trust Corp lifted its position in shares of Oxford Industries by 6.4% in the 2nd quarter. Northern Trust Corp now owns 234,196 shares of the textile maker’s stock worth $19,435,000 after purchasing an additional 14,140 shares during the period. 86.81% of the stock is owned by 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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