Oxford Industries Inc. (OXM) Sees Large Volume Increase
Oxford Industries Inc. (NYSE:OXM) saw unusually-high trading volume on Friday . Approximately 187,962 shares traded hands during trading, an increase of 0% from the previous session’s volume of 187,455 shares.The stock last traded at $57.74 and had previously closed at $57.48.
OXM has been the subject of a number of research reports. B. Riley reaffirmed a “buy” rating and set a $81.00 target price on shares of Oxford Industries in a report on Thursday, March 24th. Zacks Investment Research lowered shares of Oxford Industries from a “hold” rating to a “sell” rating in a research report on Saturday, April 2nd. Telsey Advisory Group initiated coverage on shares of Oxford Industries in a research report on Monday, April 11th. They issued an “outperform” rating and a $75.00 price target for the company. Stephens reiterated a “buy” rating on shares of Oxford Industries in a research report on Monday, June 6th. Finally, Wunderlich upped their price target on shares of Oxford Industries from $80.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, June 8th. One research analyst has rated the stock with a sell rating and seven have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $82.71.
The company has a market capitalization of $963.97 million and a PE ratio of 28.48. The firm has a 50-day moving average price of $59.76 and a 200 day moving average price of $64.59.
Oxford Industries (NYSE:OXM) last posted its quarterly earnings results on Tuesday, June 7th. The company reported $1.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.34 by $0.08. The business had revenue of $256.24 million for the quarter. The firm’s revenue was down 1.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.30 earnings per share. Equities research analysts expect that Oxford Industries Inc. will post $3.71 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 29th. Shareholders of record on Friday, July 15th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend is Wednesday, July 13th.
A number of institutional investors have bought and sold shares of OXM. Suntrust Banks Inc. raised its position in Oxford Industries by 0.3% in the fourth quarter. Suntrust Banks Inc. now owns 478,143 shares of the company’s stock worth $30,514,000 after buying an additional 1,240 shares in the last quarter. Principal Financial Group Inc. raised its position in Oxford Industries by 4.5% in the fourth quarter. Principal Financial Group Inc. now owns 99,876 shares of the company’s stock valued at $6,374,000 after buying an additional 4,329 shares during the period. Columbus Circle Investors raised its position in Oxford Industries by 60.6% in the fourth quarter. Columbus Circle Investors now owns 434,830 shares of the company’s stock valued at $27,751,000 after buying an additional 163,997 shares during the period. Rhumbline Advisers raised its position in Oxford Industries by 8.1% in the fourth quarter. Rhumbline Advisers now owns 19,191 shares of the company’s stock valued at $1,225,000 after buying an additional 1,435 shares during the period. Finally, California State Teachers Retirement System raised its position in Oxford Industries by 1.5% in the fourth quarter. California State Teachers Retirement System now owns 27,151 shares of the company’s stock valued at $1,733,000 after buying an additional 400 shares during the period.
Oxford Industries, Inc is an apparel company. The Company designs, sources, markets and distributes products bearing the trademarks of its owned Tommy Bahama and Lilly Pulitzer lifestyle brands, as well as certain licensed and private label apparel products. The Company’s business is primarily operated through its Tommy Bahama, Lilly Pulitzer and Lanier Apparel operating groups.
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