Oxford Industries Inc. (OXM) Stock Price Up 5%
Shares of Oxford Industries Inc. (NYSE:OXM) rose 5% during trading on Thursday . The company traded as high as $58.92 and last traded at $58.75, with a volume of 93,088 shares. The stock had previously closed at $55.95.
OXM has been the subject of a number of research analyst reports. Stephens reaffirmed a “buy” rating on shares of Oxford Industries in a research note on Monday, June 6th. B. Riley reissued a “buy” rating and set a $81.00 price objective on shares of Oxford Industries in a research report on Monday, June 6th. Zacks Investment Research raised Oxford Industries from a “hold” rating to a “buy” rating and set a $70.00 price objective for the company in a research report on Wednesday, May 25th. SunTrust Banks Inc. lowered their price objective on Oxford Industries from $95.00 to $80.00 and set a “buy” rating for the company in a research report on Wednesday, June 8th. Finally, Wunderlich raised their price objective on Oxford Industries from $80.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, June 8th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Oxford Industries has a consensus rating of “Buy” and an average target price of $82.71.
The stock has a 50-day moving average of $57.47 and a 200-day moving average of $63.98. The company has a market capitalization of $980.23 million and a PE ratio of 28.96.
Oxford Industries (NYSE:OXM) last released its earnings results on Tuesday, June 7th. The company reported $1.26 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.34 by $0.08. The firm earned $256.24 million during the quarter. During the same quarter in the prior year, the company posted $1.30 EPS. The company’s quarterly revenue was down 1.6% on a year-over-year basis. On average, equities research analysts expect that Oxford Industries Inc. will post $3.71 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, July 29th. Stockholders of record on Friday, July 15th were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.85%. The ex-dividend date was Wednesday, July 13th.
Other institutional investors recently added to or reduced their stakes in the company. California State Teachers Retirement System increased 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 in the last quarter. Rhumbline Advisers increased 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 in the last quarter. Finally, Foresters Investment Management Company Inc. increased its position in Oxford Industries by 1.1% in the fourth quarter. Foresters Investment Management Company Inc. now owns 89,000 shares of the company’s stock valued at $5,680,000 after buying an additional 1,000 shares in the last quarter.
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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