Oxford Industries, Inc. (OXM) Upgraded by Zacks Investment Research to “Buy”
Zacks Investment Research upgraded shares of Oxford Industries, Inc. (NYSE:OXM) from a hold rating to a buy rating in a report published on Thursday. They currently have $71.00 target price on the textile maker’s stock.
According to Zacks, “Oxford Industries Inc.’s primary business is the design, manufacture, marketing and sale of consumer apparel products in the popular to better price ranges. Substantially all of their distribution facilities, offices and customers are located in the United States. Oxford is organized into four operating groups that reflect four major product lines: Oxford Shirt Group, Lanier Clothes, Oxford Slacks and the Oxford Womenswear Group. “
OXM has been the topic of several other reports. BidaskClub cut shares of Oxford Industries from a buy rating to a hold rating in a research note on Saturday, August 5th. TheStreet raised shares of Oxford Industries from a c+ rating to a b- rating in a research note on Thursday, June 15th. FBR & Co began coverage on shares of Oxford Industries in a research note on Tuesday, July 11th. They set an outperform rating and a $75.00 price target on the stock. Needham & Company LLC decreased their price target on shares of Oxford Industries from $68.00 to $62.00 and set a buy rating on the stock in a research note on Friday, September 1st. Finally, Telsey Advisory Group raised their price target on shares of Oxford Industries from $53.00 to $58.00 and gave the stock a market perform rating in a research note on Wednesday, June 7th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Oxford Industries currently has a consensus rating of Buy and an average target price of $68.56.
Oxford Industries (NYSE:OXM) traded down 6.20% during trading on Thursday, reaching $60.23. 121,071 shares of the company were exchanged. The firm has a market capitalization of $1.01 billion, a PE ratio of 20.29 and a beta of 0.36. Oxford Industries has a 12 month low of $49.50 and a 12 month high of $76.19. The stock has a 50 day moving average price of $61.25 and a 200 day moving average price of $58.38.
Oxford Industries (NYSE:OXM) last released its quarterly earnings results on Thursday, August 31st. The textile maker reported $1.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.43 by $0.01. Oxford Industries had a net margin of 4.64% and a return on equity of 13.56%. The company had revenue of $284.70 million for the quarter, compared to analysts’ expectations of $291.34 million. During the same period last year, the company earned $1.48 EPS. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. On average, analysts expect that Oxford Industries will post $3.59 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Friday, October 13th will be given a $0.27 dividend. The ex-dividend date of this dividend is Thursday, October 12th. This represents a $1.08 annualized dividend and a dividend yield of 1.68%. Oxford Industries’s dividend payout ratio is presently 37.37%.
Several institutional investors and hedge funds have recently added to or reduced their stakes in OXM. Kernodle & Katon Asset Management Group LLC acquired a new stake in shares of Oxford Industries in the first quarter worth approximately $106,000. Pinebridge Investments L.P. boosted its position in shares of Oxford Industries by 1.5% in the second quarter. Pinebridge Investments L.P. now owns 1,977 shares of the textile maker’s stock worth $124,000 after acquiring an additional 30 shares during the last quarter. State of Alaska Department of Revenue boosted its position in shares of 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 acquiring an additional 1,316 shares during the last quarter. Mason Street Advisors LLC boosted its position in shares of 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 acquiring an additional 229 shares during the last quarter. Finally, Stifel Financial Corp acquired a new stake in shares of Oxford Industries in the second quarter worth approximately $202,000. 86.61% of the stock is currently owned by institutional investors and hedge funds.
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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