Oxford Industries (OXM) Receiving Somewhat Favorable Press Coverage, Analysis Shows
Headlines about Oxford Industries (NYSE:OXM) have trended somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Oxford Industries earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned news articles about the textile maker an impact score of 46.0003090789696 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Oxford Industries (OXM) opened at 64.89 on Friday. The stock has a market capitalization of $1.09 billion, a P/E ratio of 22.44 and a beta of 0.37. The stock has a 50 day moving average of $60.96 and a 200 day moving average of $59.28. Oxford Industries has a 1-year low of $49.50 and a 1-year high of $76.19.
Oxford Industries (NYSE:OXM) last issued its quarterly earnings data on Thursday, August 31st. The textile maker reported $1.44 EPS for the quarter, beating the Zacks’ consensus estimate of $1.43 by $0.01. The firm had revenue of $284.70 million for the quarter, compared to analysts’ expectations of $291.34 million. Oxford Industries had a net margin of 4.64% and a return on equity of 13.56%. The firm’s revenue was up .6% on a year-over-year basis. During the same period in the prior year, the company earned $1.48 EPS. On average, analysts expect that Oxford Industries will post $3.59 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Friday, October 13th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Thursday, October 12th. This represents a $1.08 dividend on an annualized basis and a yield of 1.66%. Oxford Industries’s payout ratio is 37.37%.
Several analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Oxford Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, September 27th. FBR & Co reissued a “buy” rating and issued a $75.00 price target on shares of Oxford Industries in a research note on Tuesday, September 12th. DA Davidson downgraded shares of Oxford Industries from a “buy” rating to a “neutral” rating and set a $68.00 price target on the stock. in a research note on Friday, September 8th. Finally, 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. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $66.88.
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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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