Oxford Industries Inc. (OXM) Stock Price Up 5%
Oxford Industries Inc. (NYSE:OXM)’s share price rose 5% during mid-day trading on Thursday . The stock traded as high as $58.92 and last traded at $58.75, with a volume of 93,088 shares trading hands. The stock had previously closed at $55.95.
OXM has been the topic of several research analyst reports. Stephens reissued 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 target price on shares of Oxford Industries in a research note on Monday, June 6th. Zacks Investment Research raised Oxford Industries from a “hold” rating to a “buy” rating and set a $70.00 target price on the stock in a research note on Wednesday, May 25th. SunTrust Banks Inc. reduced their price target on Oxford Industries from $95.00 to $80.00 and set a “buy” rating on the stock in a research note on Wednesday, June 8th. Finally, Wunderlich upped their price target on Oxford Industries from $80.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, June 8th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Oxford Industries has an average rating of “Buy” and an average price target of $82.71.
The company has a 50 day moving average price of $57.48 and a 200-day moving average price of $63.92. The company has a market cap of $987.26 million and a PE ratio of 29.17.
Oxford Industries (NYSE:OXM) last announced its earnings results on Tuesday, June 7th. The company reported $1.26 EPS for the quarter, missing the Zacks’ consensus estimate of $1.34 by $0.08. The firm earned $256.24 million during the quarter. During the same period in the previous year, the business posted $1.30 earnings per share. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. Equities analysts anticipate that Oxford Industries Inc. will post $3.71 EPS 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 issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date was Wednesday, July 13th.
Other large investors have modified their holdings of the company. California State Teachers Retirement System raised its stake in shares of Oxford Industries by 1.5% in the fourth quarter. California State Teachers Retirement System now owns 27,151 shares of the company’s stock worth $1,733,000 after buying an additional 400 shares in the last quarter. Rhumbline Advisers raised its stake in shares of Oxford Industries by 8.1% in the fourth quarter. Rhumbline Advisers now owns 19,191 shares of the company’s stock worth $1,225,000 after buying an additional 1,435 shares in the last quarter. Finally, Foresters Investment Management Company Inc. raised its stake in shares of Oxford Industries by 1.1% in the fourth quarter. Foresters Investment Management Company Inc. now owns 89,000 shares of the company’s stock worth $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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