Oxford Industries Inc. (OXM) Sees Unusually-High Trading Volume
Shares of Oxford Industries Inc. (NYSE:OXM) saw strong trading volume on Monday . 393,400 shares changed hands during mid-day trading, an increase of 81% from the previous session’s volume of 217,108 shares.The stock last traded at $71.18 and had previously closed at $72.43.
Several research analysts have recently issued reports on the stock. B. Riley reiterated a “buy” rating and issued a $75.00 target price on shares of Oxford Industries in a research note on Sunday. Zacks Investment Research upgraded shares of Oxford Industries from a “hold” rating to a “buy” rating and set a $80.00 target price on the stock in a research note on Saturday. 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 research note 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 research note on Wednesday, June 8th. Finally, Stephens reiterated a “buy” rating on shares of Oxford Industries in a research note on Monday, June 6th. Eight investment analysts have rated the stock with a buy rating, Oxford Industries currently has a consensus rating of “Buy” and an average price target of $85.29.
The firm’s 50-day moving average price is $60.39 and its 200 day moving average price is $63.72. The company has a market cap of $1.19 billion and a P/E ratio of 19.86.
Oxford Industries (NYSE:OXM) last posted its earnings results on Wednesday, August 31st. The company reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.10. The business had revenue of $283 million for the quarter. During the same quarter last year, the business earned $1.32 earnings per share. The business’s revenue for the quarter was up 12.9% on a year-over-year basis. Analysts expect that Oxford Industries Inc. will post $3.78 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 28th. Shareholders of record on Friday, October 14th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a 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.