Oxford Industries, Inc. (OXM) Stock Rating Lowered by Zacks Investment Research
Zacks Investment Research cut shares of Oxford Industries, Inc. (NYSE:OXM) from a buy rating to a hold rating in a report released on Thursday.
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 subject of a number of other reports. Needham & Company LLC assumed coverage on shares of Oxford Industries in a research note on Tuesday, July 18th. They set a buy rating and a $68.00 price objective for the company. B. Riley reissued a buy rating and set a $66.00 price objective on shares of Oxford Industries in a research note on Saturday, June 10th. FBR & Co set a $75.00 price objective on shares of Oxford Industries and gave the stock a buy rating in a research note on Monday, August 28th. DA Davidson cut shares of Oxford Industries from a buy rating to a neutral rating and set a $68.00 price objective for the company. in a research note on Friday, September 8th. Finally, BidaskClub raised shares of Oxford Industries from a hold rating to a buy rating in a research note on Tuesday, June 13th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company has an average rating of Buy and an average price target of $68.22.
Shares of Oxford Industries (NYSE OXM) opened at 60.32 on Thursday. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 20.86 and a beta of 0.36. Oxford Industries has a 52-week low of $49.50 and a 52-week high of $76.19. The stock has a 50 day moving average price of $60.79 and a 200-day moving average price of $58.50.
Oxford Industries (NYSE:OXM) last posted its quarterly earnings results on Thursday, August 31st. The textile maker reported $1.44 earnings per share (EPS) for the quarter, beating the Zacks’ 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 during the quarter, compared to the consensus estimate of $291.34 million. During the same period last year, the firm earned $1.48 EPS. The company’s revenue for the quarter was up .6% on a year-over-year basis. On average, equities research analysts predict that Oxford Industries will post $3.59 EPS for the current fiscal year.
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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Stockholders of record on Friday, October 13th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Thursday, October 12th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.79%. Oxford Industries’s dividend payout ratio (DPR) is 37.37%.
A number of hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. grew its stake in Oxford Industries by 97,941.6% in the 1st quarter. BlackRock Inc. now owns 1,957,890 shares of the textile maker’s stock worth $112,110,000 after acquiring an additional 1,955,893 shares during the period. Vanguard Group Inc. grew its stake in Oxford Industries by 1.1% in the 2nd quarter. Vanguard Group Inc. now owns 1,330,589 shares of the textile maker’s stock worth $83,148,000 after acquiring an additional 14,729 shares during the period. Dimensional Fund Advisors LP grew its stake in Oxford Industries by 7.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 773,568 shares of the textile maker’s stock worth $48,340,000 after acquiring an additional 51,801 shares during the period. Bank of New York Mellon Corp grew its stake in Oxford Industries by 5.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 612,624 shares of the textile maker’s stock worth $38,283,000 after acquiring an additional 31,195 shares during the period. Finally, Foresters Investment Management Company Inc. grew its stake in Oxford Industries by 12.2% in the 1st quarter. Foresters Investment Management Company Inc. now owns 597,625 shares of the textile maker’s stock worth $34,220,000 after acquiring an additional 64,825 shares during the period. 86.56% of the stock is owned by hedge funds and other 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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