Oxford Industries (NYSE:OXM) Receiving Somewhat Positive News Coverage, Report Finds
News coverage about Oxford Industries (NYSE:OXM) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Oxford Industries earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave media stories about the textile maker an impact score of 45.2905877612612 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Shares of Oxford Industries (NYSE OXM) traded up 0.52% on Monday, reaching $62.39. 11,353 shares of the company’s stock traded hands. The firm has a market cap of $1.05 billion, a P/E ratio of 21.01 and a beta of 0.40. The company’s 50-day moving average price is $61.88 and its 200 day moving average price is $57.23. 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 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.08. The firm had revenue of $272.40 million for the quarter, compared to analysts’ expectations of $273.40 million. Oxford Industries had a net margin of 4.76% and a return on equity of 14.00%. The business’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the company posted $1.26 EPS. On average, equities analysts forecast that Oxford Industries will post $3.59 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 28th. Shareholders of record on Friday, July 14th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date was Wednesday, July 12th. Oxford Industries’s payout ratio is 36.36%.
Several analysts recently commented on OXM shares. TheStreet raised Oxford Industries from a “c+” rating to a “b-” rating in a research note on Thursday, June 15th. BidaskClub raised Oxford Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th. B. Riley reaffirmed a “buy” rating and issued a $66.00 target price on shares of Oxford Industries in a research report on Saturday, June 10th. Needham & Company LLC assumed coverage on Oxford Industries in a research report on Tuesday, July 18th. They issued a “buy” rating and a $68.00 target price on the stock. Finally, Zacks Investment Research raised Oxford Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, May 30th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Oxford Industries currently has an average rating of “Buy” and an average target price of $71.33.
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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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