Oxford Industries Inc (OXM) Receives $86.17 Consensus Target Price from Brokerages
Oxford Industries Inc (NYSE:OXM) has been assigned an average recommendation of “Buy” from the nine analysts that are currently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $86.17.
Several analysts have commented on OXM shares. Zacks Investment Research cut shares of Oxford Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, April 16th. Citigroup started coverage on shares of Oxford Industries in a research note on Tuesday, April 16th. They issued a “buy” rating for the company. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $82.00 target price (up from $76.00) on shares of Oxford Industries in a research note on Thursday, April 18th.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Mason Street Advisors LLC grew its stake in shares of Oxford Industries by 3.4% during the 1st quarter. Mason Street Advisors LLC now owns 5,445 shares of the textile maker’s stock valued at $410,000 after buying an additional 181 shares during the period. Gables Capital Management Inc. grew its stake in shares of Oxford Industries by 2.2% during the 4th quarter. Gables Capital Management Inc. now owns 9,157 shares of the textile maker’s stock valued at $651,000 after buying an additional 193 shares during the period. Legal & General Group Plc grew its stake in shares of Oxford Industries by 0.5% during the 4th quarter. Legal & General Group Plc now owns 39,612 shares of the textile maker’s stock valued at $2,810,000 after buying an additional 196 shares during the period. Ladenburg Thalmann Financial Services Inc. grew its stake in shares of Oxford Industries by 132.7% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 391 shares of the textile maker’s stock valued at $30,000 after buying an additional 223 shares during the period. Finally, Piedmont Investment Advisors Inc. grew its stake in shares of Oxford Industries by 6.4% during the 1st quarter. Piedmont Investment Advisors Inc. now owns 4,286 shares of the textile maker’s stock valued at $323,000 after buying an additional 256 shares during the period. 93.60% of the stock is owned by institutional investors.
Oxford Industries (NYSE:OXM) last released its earnings results on Thursday, March 28th. The textile maker reported $1.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.02. The firm had revenue of $298.54 million during the quarter, compared to analysts’ expectations of $301.84 million. Oxford Industries had a net margin of 5.99% and a return on equity of 15.73%. Oxford Industries’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.93 EPS. As a group, research analysts expect that Oxford Industries will post 4.56 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 3rd. Stockholders of record on Thursday, April 18th were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Wednesday, April 17th. This is a boost from Oxford Industries’s previous quarterly dividend of $0.34. This represents a $1.48 annualized dividend and a dividend yield of 1.97%. Oxford Industries’s payout ratio is currently 34.26%.
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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