Oxford Industries (NYSE:OXM) had its price target cut by Telsey Advisory Group from $78.00 to $72.00 in a report published on Thursday morning, Briefing.com Automated Import reports. They currently have a market perform rating on the textile maker’s stock.
A number of other analysts have also weighed in on the stock. ValuEngine raised shares of Oxford Industries from a sell rating to a hold rating in a report on Friday, August 2nd. Zacks Investment Research lowered shares of Oxford Industries from a buy rating to a hold rating in a report on Wednesday, August 14th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Oxford Industries currently has a consensus rating of Buy and a consensus price target of $85.38.
Oxford Industries stock traded down $0.18 during midday trading on Thursday, reaching $73.97. 18,312 shares of the stock were exchanged, compared to its average volume of 152,990. The company’s fifty day moving average is $69.48 and its 200-day moving average is $74.27. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.70 and a current ratio of 1.64. The firm has a market cap of $1.33 billion, a PE ratio of 17.12, a PEG ratio of 1.71 and a beta of 0.48. Oxford Industries has a 52 week low of $63.50 and a 52 week high of $93.52.
Oxford Industries (NYSE:OXM) last posted its earnings results on Wednesday, September 11th. The textile maker reported $1.84 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.86 by ($0.02). The firm had revenue of $302.00 million for the quarter, compared to the consensus estimate of $306.98 million. Oxford Industries had a return on equity of 15.43% and a net margin of 6.03%. The business’s revenue was down .2% on a year-over-year basis. During the same period last year, the company posted $1.83 EPS. On average, sell-side analysts anticipate that Oxford Industries will post 4.57 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Friday, October 18th will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date is Thursday, October 17th. Oxford Industries’s payout ratio is 34.26%.
Large investors have recently modified their holdings of the company. Tower Research Capital LLC TRC bought a new position in shares of Oxford Industries in the 2nd quarter worth $56,000. Campbell & CO Investment Adviser LLC bought a new position in shares of Oxford Industries in the 1st quarter worth $294,000. Paloma Partners Management Co boosted its stake in shares of Oxford Industries by 10.4% in the 2nd quarter. Paloma Partners Management Co now owns 4,136 shares of the textile maker’s stock valued at $314,000 after purchasing an additional 388 shares in the last quarter. Piedmont Investment Advisors Inc. boosted its stake in shares of Oxford Industries by 6.4% in the 1st quarter. Piedmont Investment Advisors Inc. now owns 4,286 shares of the textile maker’s stock valued at $323,000 after purchasing an additional 256 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new stake in shares of Oxford Industries in the 2nd quarter valued at $332,000. 98.57% of the stock is currently owned by hedge funds and other institutional investors.
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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