Oxford Industries Inc. (OXM) Now Covered by Analysts at DA Davidson
Investment analysts at DA Davidson began coverage on shares of Oxford Industries Inc. (NYSE:OXM) in a note issued to investors on Thursday. The brokerage set a “buy” rating on the stock.
A number of other research analysts also recently commented on the stock. Wunderlich boosted their price objective on shares of Oxford Industries from $80.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, June 8th. Telsey Advisory Group lifted their target price on shares of Oxford Industries from $73.00 to $77.00 and gave the company an “outperform” rating in a research note on Thursday, September 1st. Zacks Investment Research upgraded shares of Oxford Industries from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 10th. Stephens reiterated a “buy” rating on shares of Oxford Industries in a research note on Monday, June 6th. Finally, SunTrust Banks Inc. reduced their target price on shares of Oxford Industries from $95.00 to $80.00 and set a “buy” rating for the company in a research note on Wednesday, June 8th. Eight investment analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and an average price target of $84.86.
Oxford Industries (NYSE:OXM) traded down 0.55% during midday trading on Thursday, reaching $68.60. 122,590 shares of the company were exchanged. The firm has a market cap of $1.15 billion, a P/E ratio of 19.14 and a beta of 0.61. Oxford Industries has a one year low of $52.54 and a one year high of $77.99. The firm’s 50-day moving average is $64.35 and its 200-day moving average is $63.39.
Oxford Industries (NYSE:OXM) last announced its quarterly earnings data on Wednesday, August 31st. The company reported $1.48 EPS for the quarter, beating the Zacks’ consensus estimate of $1.38 by $0.10. Oxford Industries had a net margin of 5.95% and a return on equity of 18.08%. The firm had revenue of $283 million for the quarter. During the same period in the previous year, the firm posted $1.32 earnings per share. The business’s revenue for the quarter was up 12.9% on a year-over-year basis. On average, equities analysts expect that Oxford Industries will post $3.78 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 28th. Stockholders of record on Friday, October 14th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date of this dividend is Wednesday, October 12th. Oxford Industries’s payout ratio is 30.25%.
Several hedge funds have recently modified their holdings of the company. PineBridge Investments L.P. boosted its stake in shares of Oxford Industries by 4.9% in the second quarter. PineBridge Investments L.P. now owns 1,870 shares of the company’s stock worth $106,000 after buying an additional 88 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in shares of Oxford Industries by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 2,091 shares of the company’s stock worth $118,000 after buying an additional 253 shares during the last quarter. Mason Street Advisors LLC purchased a new stake in shares of Oxford Industries during the second quarter worth $163,000. Clinton Group Inc. purchased a new stake in shares of Oxford Industries during the second quarter worth $203,000. Finally, Pacad Investment Ltd. purchased a new stake in shares of Oxford Industries during the second quarter worth $255,000. Institutional investors and hedge funds own 87.32% 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 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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