Oxford Industries Inc (NYSE:OXM) has earned a consensus recommendation of “Buy” from the twelve ratings firms that are presently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $77.80.
Several research firms recently issued reports on OXM. B. Riley reiterated a “buy” rating on shares of Oxford Industries in a research note on Wednesday, November 1st. KeyCorp reiterated a “buy” rating and issued a $78.00 target price on shares of Oxford Industries in a research note on Friday, November 24th. Zacks Investment Research cut shares of Oxford Industries from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. SunTrust Banks reiterated a “buy” rating on shares of Oxford Industries in a research note on Thursday, December 7th. Finally, Telsey Advisory Group boosted their target price on shares of Oxford Industries from $65.00 to $68.00 and gave the company a “market perform” rating in a research note on Wednesday, December 6th.
Oxford Industries (OXM) traded down $0.51 on Tuesday, hitting $78.86. 37,041 shares of the company traded hands, compared to its average volume of 115,101. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.91 and a current ratio of 1.99. Oxford Industries has a 1 year low of $49.50 and a 1 year high of $84.32. The firm has a market cap of $1,330.00, a PE ratio of 24.88, a P/E/G ratio of 1.77 and a beta of 0.36.
Oxford Industries (NYSE:OXM) last posted its earnings results on Tuesday, December 5th. The textile maker reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.05. Oxford Industries had a net margin of 4.83% and a return on equity of 14.26%. The firm had revenue of $236.00 million during the quarter, compared to analysts’ expectations of $242.98 million. During the same period in the previous year, the business posted ($0.07) EPS. The business’s revenue was up 6.2% compared to the same quarter last year. analysts forecast that Oxford Industries will post 3.65 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, February 2nd. Shareholders of record on Friday, January 19th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date was Thursday, January 18th. Oxford Industries’s dividend payout ratio is presently 34.07%.
In other Oxford Industries news, Director Dennis M. Love sold 1,500 shares of the company’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $72.09, for a total transaction of $108,135.00. Following the completion of 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. Also, insider James Wesley Howard, Jr. sold 4,750 shares of the company’s stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $80.25, for a total transaction of $381,187.50. Following the transaction, the insider now owns 6,204 shares of the company’s stock, valued at $497,871. The disclosure for this sale can be found here. Corporate insiders own 3.29% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Stifel Financial Corp acquired a new stake in shares of Oxford Industries in the second quarter valued at about $202,000. Piedmont Investment Advisors LLC acquired a new stake in shares of Oxford Industries in the second quarter valued at about $203,000. Macquarie Group Ltd. acquired a new stake in shares of Oxford Industries in the third quarter valued at about $205,000. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Oxford Industries in the third quarter valued at about $222,000. Finally, Crossmark Global Holdings Inc. acquired a new stake in shares of Oxford Industries in the third quarter valued at about $228,000. Institutional investors and hedge funds own 89.68% of the company’s stock.
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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