Zacks Investment Research upgraded shares of Oxford Industries (NYSE:OXM) from a hold rating to a buy rating in a research report sent to investors on Friday, December 8th. Zacks Investment Research currently has $81.00 price target on the textile maker’s stock.
According to Zacks, “Oxford Industries, Inc. is an apparel company which designs, sources, markets and distributes products bearing the trademarks of its owned and licensed brands. Oxford’s owned brands include Tommy Bahama®, Lilly Pulitzer®, Oxford Golf®, and Billy London®. The Company operates retail stores, internet websites and restaurants. The Company has granted licenses to select third parties to produce and sell certain product categories under its Tommy Bahama and Lilly Pulitzer brands. The Company also holds exclusive licenses to produce and sell certain product categories under the Kenneth Cole®, Geoffrey Beene®, and Dockers® labels. Oxford’s wholesale customers include department stores, specialty stores, national chains, warehouse clubs, and Internet retailers. “
Other research analysts have also recently issued research reports about the stock. DA Davidson cut shares of Oxford Industries from a buy rating to a neutral rating and set a $68.00 target price for the company. in a report on Friday, September 8th. FBR & Co set a $75.00 price target on shares of Oxford Industries and gave the company a buy rating in a research report on Monday, August 28th. Telsey Advisory Group raised their price target on shares of Oxford Industries from $58.00 to $65.00 and gave the company a market perform rating in a research report on Thursday, November 30th. SunTrust Banks restated a buy rating and set a $66.00 price target on shares of Oxford Industries in a research report on Tuesday, October 24th. Finally, Needham & Company LLC dropped their price target on shares of Oxford Industries from $68.00 to $62.00 and set a buy rating on the stock in a research report on Friday, September 1st. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $73.00.
Shares of Oxford Industries (NYSE OXM) traded up $2.16 on Friday, reaching $77.35. 242,574 shares of the company’s stock traded hands, compared to its average volume of 152,750. The firm has a market capitalization of $1,300.00, a P/E ratio of 24.40, a price-to-earnings-growth ratio of 2.05 and a beta of 0.39. Oxford Industries has a 52 week low of $49.50 and a 52 week 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.
Oxford Industries (NYSE:OXM) last posted its quarterly earnings results on Tuesday, December 5th. The textile maker reported $0.17 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.05. The business had revenue of $236.00 million during the quarter, compared to analysts’ expectations of $242.98 million. Oxford Industries had a net margin of 4.83% and a return on equity of 14.26%. The business’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the company posted ($0.07) earnings per share. research analysts anticipate that Oxford Industries will post 3.67 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 2nd. Investors of record on Friday, January 19th will be given a dividend of $0.27 per share. The ex-dividend date is Thursday, January 18th. This represents a $1.08 dividend on an annualized basis and a yield of 1.40%. Oxford Industries’s payout ratio is presently 34.07%.
In related news, Director Dennis M. Love sold 1,500 shares of the business’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $72.09, for a total transaction of $108,135.00. Following the transaction, the director now directly owns 17,002 shares in the company, valued at $1,225,674.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.29% of the company’s stock.
Hedge funds have recently modified their holdings of the business. California Public Employees Retirement System raised its stake in Oxford Industries by 3.4% during the second quarter. California Public Employees Retirement System now owns 58,300 shares of the textile maker’s stock worth $3,643,000 after purchasing an additional 1,900 shares during the period. Bessemer Group Inc. raised its stake in Oxford Industries by 109,500.0% during the third quarter. Bessemer Group Inc. now owns 21,920 shares of the textile maker’s stock worth $1,393,000 after purchasing an additional 21,900 shares during the period. Goldman Sachs Group Inc. raised its stake in Oxford Industries by 60.9% during the second quarter. Goldman Sachs Group Inc. now owns 44,747 shares of the textile maker’s stock worth $2,796,000 after purchasing an additional 16,943 shares during the period. Vanguard Group Inc. raised its stake in Oxford Industries by 1.1% during the second quarter. Vanguard Group Inc. now owns 1,330,589 shares of the textile maker’s stock worth $83,148,000 after purchasing an additional 14,729 shares during the period. Finally, Prudential Financial Inc. raised its stake in Oxford Industries by 133.6% during the third quarter. Prudential Financial Inc. now owns 88,781 shares of the textile maker’s stock worth $5,641,000 after purchasing an additional 50,770 shares during the period. 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.
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