Oxford Industries, Inc. (NYSE:OXM) Stock Rating Lowered by BidaskClub
BidaskClub cut shares of Oxford Industries, Inc. (NYSE:OXM) from a buy rating to a hold rating in a report published on Saturday morning.
A number of other equities analysts have also commented on OXM. Zacks Investment Research raised Oxford Industries from a sell rating to a hold rating in a research note on Tuesday, May 30th. B. Riley reissued a buy rating and issued a $66.00 price objective on shares of Oxford Industries in a research note on Monday, June 5th. Telsey Advisory Group boosted their price objective on Oxford Industries from $53.00 to $58.00 and gave the stock a market perform rating in a research note on Wednesday, June 7th. TheStreet raised Oxford Industries from a c+ rating to a b- rating in a research note on Thursday, June 15th. Finally, FBR & Co started coverage on Oxford Industries in a research note on Tuesday, July 11th. They issued an outperform rating and a $75.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of $71.33.
Oxford Industries (OXM) opened at 62.47 on Friday. The stock’s 50 day moving average price is $61.85 and its 200-day moving average price is $57.34. Oxford Industries has a one year low of $49.50 and a one year high of $76.19. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 21.04 and a beta of 0.40.
Oxford Industries (NYSE:OXM) last posted its quarterly earnings data on Tuesday, June 6th. The textile maker reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.08. The company had revenue of $272.40 million for the quarter, compared to analyst estimates of $273.40 million. Oxford Industries had a return on equity of 14.00% and a net margin of 4.76%. The business’s revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.26 earnings per share. On average, equities research analysts anticipate that Oxford Industries will post $3.59 earnings per share for the current fiscal year.
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The business also recently disclosed a quarterly dividend, which was paid on Friday, July 28th. Investors of record on Friday, July 14th were issued a $0.27 dividend. The ex-dividend date was Wednesday, July 12th. This represents a $1.08 dividend on an annualized basis and a yield of 1.73%. Oxford Industries’s dividend payout ratio is presently 36.36%.
A number of large investors have recently added to or reduced their stakes in OXM. Kernodle & Katon Asset Management Group LLC bought a new stake in Oxford Industries during the first quarter worth approximately $106,000. State of Alaska Department of Revenue increased its stake in Oxford Industries by 79.8% in the second quarter. State of Alaska Department of Revenue now owns 2,966 shares of the textile maker’s stock worth $185,000 after buying an additional 1,316 shares in the last quarter. Mason Street Advisors LLC increased its stake in Oxford Industries by 7.0% in the first quarter. Mason Street Advisors LLC now owns 3,490 shares of the textile maker’s stock worth $200,000 after buying an additional 229 shares in the last quarter. Teza Capital Management LLC bought a new stake in Oxford Industries during the first quarter worth approximately $228,000. Finally, Turner Investments LLC bought a new stake in Oxford Industries during the second quarter worth approximately $250,000. Institutional investors and hedge funds own 89.20% of the company’s stock.
About Oxford Industries
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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