Oxford Industries, Inc. (OXM) Research Coverage Started at FBR & Co
FBR & Co began coverage on shares of Oxford Industries, Inc. (NYSE:OXM) in a research report released on Tuesday morning, Marketbeat reports. The firm issued an outperform rating and a $75.00 price target on the textile maker’s stock.
A number of other research firms also recently weighed in on OXM. TheStreet raised shares of Oxford Industries from a c+ rating to a b- rating in a research report on Thursday, June 15th. BidaskClub raised shares of Oxford Industries from a hold rating to a buy rating in a research report on Tuesday, June 13th. B. Riley reissued a buy rating and set a $66.00 target price on shares of Oxford Industries in a research report on Saturday, June 10th. Telsey Advisory Group increased their target price on shares of Oxford Industries from $53.00 to $58.00 and gave the company a market perform rating in a research report on Wednesday, June 7th. Finally, Zacks Investment Research downgraded shares of Oxford Industries from a hold rating to a sell rating in a research report on Friday, March 17th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of $71.75.
Shares of Oxford Industries (NYSE:OXM) opened at 59.92 on Tuesday. The company has a market cap of $1.01 billion, a PE ratio of 20.18 and a beta of 0.40. The stock’s 50 day moving average price is $58.38 and its 200-day moving average price is $56.97. Oxford Industries has a one year low of $49.50 and a one year high of $76.19.
Oxford Industries (NYSE:OXM) last posted its quarterly earnings data on Tuesday, June 6th. The textile maker reported $1.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.08. Oxford Industries had a net margin of 4.76% and a return on equity of 14.00%. The firm had revenue of $272.40 million during the quarter, compared to analyst estimates of $273.40 million. During the same quarter last year, the business posted $1.26 EPS. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. On average, analysts expect that Oxford Industries will post $3.57 EPS for the current year.
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The business also recently announced a quarterly dividend, which will be paid on Friday, July 28th. Stockholders of record on Friday, July 14th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend is Wednesday, July 12th. Oxford Industries’s dividend payout ratio is currently 36.36%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its position in Oxford Industries by 26.8% in the first quarter. Bank of New York Mellon Corp now owns 581,429 shares of the textile maker’s stock valued at $33,292,000 after buying an additional 123,029 shares during the period. Tygh Capital Management Inc. acquired a new position in Oxford Industries during the first quarter valued at approximately $2,453,000. First Trust Advisors LP increased its position in Oxford Industries by 42.6% in the first quarter. First Trust Advisors LP now owns 36,319 shares of the textile maker’s stock valued at $2,080,000 after buying an additional 10,841 shares during the period. Great West Life Assurance Co. Can increased its position in Oxford Industries by 8.3% in the first quarter. Great West Life Assurance Co. Can now owns 20,705 shares of the textile maker’s stock valued at $1,185,000 after buying an additional 1,586 shares during the period. Finally, Wells Fargo & Company MN increased its position in Oxford Industries by 48.7% in the first quarter. Wells Fargo & Company MN now owns 35,529 shares of the textile maker’s stock valued at $2,035,000 after buying an additional 11,637 shares during the period. 91.14% of the stock is owned by institutional investors.
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, Lilly Pulitzer and Southern Tide lifestyle brands, other owned brands and licensed brands, as well as private label apparel products. It distributes its lifestyle branded products through its direct to consumer channels, consisting of its Tommy Bahama and Lilly Pulitzer full-price retail stores and its e-commerce sites for Tommy Bahama, Lilly Pulitzer and Southern Tide, and through its wholesale distribution channels.
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