Oxford Industries Inc. (OXM) Stock Price Down 1.2%
Shares of Oxford Industries Inc. (NYSE:OXM) fell 1.2% on Friday . The stock traded as low as $70.03 and last traded at $71.55, with a volume of 267,625 shares traded. The stock had previously closed at $72.43.
Several research firms recently weighed in on OXM. B. Riley restated a “buy” rating and issued a $81.00 price target on shares of Oxford Industries in a research note on Monday, June 6th. Zacks Investment Research downgraded Oxford Industries from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 10th. SunTrust Banks Inc. cut 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. Telsey Advisory Group upped their price target on Oxford Industries from $73.00 to $77.00 and gave the stock an “outperform” rating in a research note on Thursday. 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 investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $83.29.
The firm has a market cap of $1.19 billion and a price-to-earnings ratio of 35.24. The stock’s 50-day moving average is $60.09 and its 200-day moving average is $63.67.
Oxford Industries (NYSE:OXM) last posted its quarterly earnings results on Wednesday, August 31st. The company reported $1.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.38 by $0.10. During the same period in the previous year, the company earned $1.32 earnings per share. The company had revenue of $283 million for the quarter. The business’s quarterly revenue was up 12.9% on a year-over-year basis. Equities analysts anticipate that Oxford Industries Inc. will post $3.71 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 28th. Stockholders of record on Friday, October 14th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.52%. The ex-dividend date of this dividend is Wednesday, October 12th.
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.