Oxford Industries (NYSE:OXM) had its target price lifted by SunTrust Banks to $97.00 in a research note issued to investors on Thursday morning, The Fly reports. The firm currently has a buy rating on the textile maker’s stock.

Other analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of Oxford Industries from a hold rating to a buy rating and set a $107.00 price target on the stock in a research report on Thursday, August 23rd. B. Riley increased their price target on shares of Oxford Industries from $93.00 to $97.00 and gave the stock a buy rating in a research report on Wednesday, June 13th. DA Davidson reiterated a buy rating and set a $107.00 price target (up previously from $91.00) on shares of Oxford Industries in a research report on Thursday, June 7th. Finally, KeyCorp increased their price target on shares of Oxford Industries from $92.00 to $98.00 and gave the stock an overweight rating in a research report on Wednesday, June 13th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of $94.75.

Shares of NYSE:OXM traded up $0.92 on Thursday, reaching $90.71. 1,578 shares of the company’s stock were exchanged, compared to its average volume of 95,399. Oxford Industries has a twelve month low of $58.91 and a twelve month high of $97.19. The firm has a market cap of $1.53 billion, a PE ratio of 24.66, a PEG ratio of 1.97 and a beta of 0.21. The company has a quick ratio of 1.06, a current ratio of 2.25 and a debt-to-equity ratio of 0.16.

Oxford Industries (NYSE:OXM) last posted its quarterly earnings results on Wednesday, September 12th. The textile maker reported $1.83 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.83. The business had revenue of $302.60 million for the quarter, compared to analyst estimates of $306.12 million. Oxford Industries had a net margin of 6.61% and a return on equity of 16.59%. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter last year, the business posted $1.44 EPS. research analysts expect that Oxford Industries will post 4.59 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 2nd. Investors of record on Friday, October 19th will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 1.50%. Oxford Industries’s dividend payout ratio is 37.16%.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Rhumbline Advisers lifted its stake in Oxford Industries by 2.3% in the 1st quarter. Rhumbline Advisers now owns 41,588 shares of the textile maker’s stock valued at $3,101,000 after purchasing an additional 954 shares during the last quarter. Comerica Bank lifted its stake in Oxford Industries by 3.0% in the 1st quarter. Comerica Bank now owns 57,552 shares of the textile maker’s stock valued at $4,428,000 after purchasing an additional 1,656 shares during the last quarter. Trexquant Investment LP bought a new position in Oxford Industries in the 1st quarter valued at approximately $484,000. American Century Companies Inc. bought a new position in Oxford Industries in the 1st quarter valued at approximately $5,084,000. Finally, Victory Capital Management Inc. bought a new position in Oxford Industries in the 1st quarter valued at approximately $254,000. Institutional investors and hedge funds own 89.85% of the company’s stock.

Oxford Industries Company Profile

Oxford Industries, Inc, an apparel company, designs, sources, markets, and distributes products of company owned and licensed brands, and private labels apparel products worldwide. The company offers men's and women's sportswear and related products under the Tommy Bahama brand; women's and girl's dresses and sportswear, scarves, bags, jewelry, and belts, as well as footwear and children's apparel under the Lilly Pulitzer brand; and men's shirts, pants, shorts, outerwear, ties, swimwear, footwear, and accessories, as well as women's products under the Southern Tide brand.

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The Fly

Analyst Recommendations for Oxford Industries (NYSE:OXM)

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