Oxford Industries Inc. (OXM) Sees Unusually-High Trading Volume
Shares of Oxford Industries Inc. (NYSE:OXM) saw strong trading volume on Monday . 212,021 shares changed hands during trading, an increase of 83% from the previous session’s volume of 116,118 shares.The stock last traded at $64.41 and had previously closed at $63.41.
Several research analysts have issued reports on the stock. B. Riley reiterated a “buy” rating and set a $71.00 target price on shares of Oxford Industries in a report on Tuesday. Telsey Advisory Group dropped their target price on shares of Oxford Industries from $80.00 to $73.00 and set an “outperform” rating on the stock in a report on Wednesday, June 8th. SunTrust Banks Inc. dropped their target price on shares of Oxford Industries from $95.00 to $80.00 and set a “buy” rating on the stock in a report on Wednesday, June 8th. Zacks Investment Research upgraded shares of Oxford Industries from a “hold” rating to a “buy” rating and set a $70.00 price target on the stock in a report on Wednesday, May 25th. Finally, Stephens restated a “buy” rating on shares of Oxford Industries in a report on Monday, June 6th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $82.71.
The company has a 50 day moving average price of $59.53 and a 200-day moving average price of $63.61. The company has a market capitalization of $1.08 billion and a P/E ratio of 31.89.
Oxford Industries (NYSE:OXM) last issued its quarterly earnings data on Tuesday, June 7th. The company reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.34 by $0.08. The company had revenue of $256.24 million for the quarter. The business’s revenue was down 1.6% compared to the same quarter last year. During the same period last year, the company posted $1.30 EPS. On average, equities analysts anticipate that Oxford Industries Inc. will post $3.71 earnings per share for the current fiscal year.
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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