Oxford Industries (NYSE:OXM) had its target price lowered by analysts at KeyCorp from $90.00 to $86.00 in a research report issued to clients and investors on Thursday, BenzingaRatingsTable reports. The firm currently has an “overweight” rating on the textile maker’s stock. KeyCorp’s target price indicates a potential upside of 14.19% from the stock’s previous close. KeyCorp also issued estimates for Oxford Industries’ Q4 2020 earnings at $1.11 EPS, FY2020 earnings at $4.35 EPS, Q1 2021 earnings at $1.27 EPS, Q2 2021 earnings at $1.83 EPS, Q3 2021 earnings at $0.14 EPS, Q4 2021 earnings at $1.26 EPS and FY2021 earnings at $4.50 EPS.
Other research analysts have also recently issued reports about the stock. Needham & Company LLC reissued a “hold” rating on shares of Oxford Industries in a report on Monday, December 9th. DA Davidson reissued a “neutral” rating on shares of Oxford Industries in a report on Monday, November 4th. Citigroup set a $86.00 price objective on shares of Oxford Industries and gave the company a “buy” rating in a report on Thursday, September 12th. Telsey Advisory Group decreased their price objective on shares of Oxford Industries from $78.00 to $72.00 and set a “market perform” rating for the company in a report on Thursday, September 12th. Finally, B. Riley cut their target price on shares of Oxford Industries from $97.00 to $87.00 and set a “buy” rating for the company in a research report on Thursday, September 12th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Oxford Industries has a consensus rating of “Hold” and an average target price of $82.50.
Shares of OXM opened at $75.31 on Thursday. The firm’s 50-day moving average price is $72.38 and its 200-day moving average price is $71.33. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 17.43 and a beta of 0.48. The company has a current ratio of 1.62, a quick ratio of 0.68 and a debt-to-equity ratio of 0.56. Oxford Industries has a 1-year low of $63.73 and a 1-year high of $85.36.
Oxford Industries (NYSE:OXM) last issued its quarterly earnings results on Wednesday, December 11th. The textile maker reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.02. The company had revenue of $241.22 million during the quarter, compared to analysts’ expectations of $240.34 million. Oxford Industries had a net margin of 6.22% and a return on equity of 14.70%. Oxford Industries’s revenue was up 3.2% on a year-over-year basis. During the same period last year, the company posted $0.14 EPS. On average, research analysts forecast that Oxford Industries will post 4.36 EPS for the current fiscal year.
In other Oxford Industries news, EVP Scott Grassmyer sold 2,838 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $73.07, for a total value of $207,372.66. Following the completion of the transaction, the executive vice president now directly owns 33,311 shares in the company, valued at $2,434,034.77. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 3.10% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of OXM. FMR LLC boosted its position in shares of Oxford Industries by 5.4% in the first quarter. FMR LLC now owns 279,372 shares of the textile maker’s stock worth $21,025,000 after purchasing an additional 14,361 shares during the period. Arizona State Retirement System raised its stake in Oxford Industries by 1.0% during the second quarter. Arizona State Retirement System now owns 26,403 shares of the textile maker’s stock valued at $2,001,000 after purchasing an additional 249 shares in the last quarter. Aviva PLC purchased a new stake in Oxford Industries during the second quarter valued at $907,000. Keybank National Association OH raised its stake in Oxford Industries by 83.7% during the second quarter. Keybank National Association OH now owns 15,839 shares of the textile maker’s stock valued at $1,201,000 after purchasing an additional 7,216 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in shares of Oxford Industries by 6.3% in the second quarter. Envestnet Asset Management Inc. now owns 7,050 shares of the textile maker’s stock valued at $534,000 after acquiring an additional 419 shares during the period. Institutional investors and hedge funds own 98.11% of the company’s stock.
Oxford Industries Company Profile
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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