SunTrust Banks Reaffirms Buy Rating for Oxford Industries (NYSE:OXM)

Oxford Industries (NYSE:OXM)‘s stock had its “buy” rating reissued by equities research analysts at SunTrust Banks in a research report issued on Thursday, December 7th. SunTrust Banks also issued estimates for Oxford Industries’ FY2018 earnings at $3.74 EPS and FY2019 earnings at $3.99 EPS.

A number of other analysts have also commented on OXM. B. Riley reaffirmed a “buy” rating on shares of Oxford Industries in a report on Wednesday, November 1st. Zacks Investment Research lowered shares of Oxford Industries from a “buy” rating to a “hold” rating in a report on Wednesday, September 27th. Needham & Company LLC set a $62.00 price target on shares of Oxford Industries and gave the company a “buy” rating in a report on Monday, October 16th. FBR & Co reissued a “buy” rating and issued a $75.00 price target on shares of Oxford Industries in a report on Tuesday, September 12th. Finally, DA Davidson cut shares of Oxford Industries from a “buy” rating to a “neutral” rating and set a $68.00 price objective on the stock. in a research report on Friday, September 8th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $73.00.

Shares of Oxford Industries (NYSE OXM) traded up $2.16 on Thursday, reaching $77.35. 242,574 shares of the company’s stock were exchanged, compared to its average volume of 152,750. Oxford Industries has a 1 year low of $49.50 and a 1 year high of $77.35. The company has a current ratio of 1.99, a quick ratio of 0.91 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $1,300.00, a PE ratio of 24.40, a price-to-earnings-growth ratio of 2.05 and a beta of 0.39.

Oxford Industries (NYSE:OXM) last issued its quarterly earnings results on Tuesday, December 5th. The textile maker reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.05. Oxford Industries had a net margin of 4.83% and a return on equity of 14.26%. The business had revenue of $236.00 million during the quarter, compared to analyst estimates of $242.98 million. During the same quarter last year, the business posted ($0.07) earnings per share. Oxford Industries’s revenue for the quarter was up 6.2% compared to the same quarter last year. analysts expect that Oxford Industries will post 3.67 earnings per share for the current fiscal year.

In other news, Director Dennis M. Love sold 1,500 shares of the company’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $72.09, for a total value of $108,135.00. Following the sale, the director now directly owns 17,002 shares of the company’s stock, valued at approximately $1,225,674.18. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 3.29% of the stock is currently owned by corporate insiders.

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Oxford Industries by 1.1% in the 2nd quarter. Vanguard Group Inc. now owns 1,330,589 shares of the textile maker’s stock valued at $83,148,000 after purchasing an additional 14,729 shares during the period. Dimensional Fund Advisors LP grew its stake in Oxford Industries by 1.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 787,398 shares of the textile maker’s stock valued at $50,031,000 after buying an additional 13,830 shares during the last quarter. Bank of New York Mellon Corp grew its stake in Oxford Industries by 5.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 612,624 shares of the textile maker’s stock valued at $38,283,000 after buying an additional 31,195 shares during the last quarter. Schroder Investment Management Group grew its stake in Oxford Industries by 14.1% in the 3rd quarter. Schroder Investment Management Group now owns 387,778 shares of the textile maker’s stock valued at $24,415,000 after buying an additional 47,842 shares during the last quarter. Finally, State Street Corp grew its stake in Oxford Industries by 2.9% in the 2nd quarter. State Street Corp now owns 363,263 shares of the textile maker’s stock valued at $22,694,000 after buying an additional 10,184 shares during the last quarter. 89.06% of the stock is currently owned by institutional investors.

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Oxford Industries Company Profile

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.

Analyst Recommendations for Oxford Industries (NYSE:OXM)

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