Oxford Industries, Inc. (NYSE:OXM) has earned an average rating of “Buy” from the nine brokerages that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $70.33.
Several equities research analysts recently issued reports on the stock. TheStreet raised shares of Oxford Industries from a “c+” rating to a “b-” rating in a research note on Thursday, June 15th. BidaskClub raised shares of Oxford Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th. B. Riley reaffirmed a “buy” rating and issued a $66.00 price objective on shares of Oxford Industries in a research note on Saturday, June 10th. Telsey Advisory Group lifted their price objective on shares of Oxford Industries from $53.00 to $58.00 and gave the company a “market perform” rating in a research note on Wednesday, June 7th. Finally, Zacks Investment Research lowered shares of Oxford Industries from a “hold” rating to a “sell” rating in a research note on Friday, March 17th.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in Oxford Industries by 97,941.6% in the first quarter. BlackRock Inc. now owns 1,957,890 shares of the textile maker’s stock worth $112,110,000 after buying an additional 1,955,893 shares in the last quarter. Vanguard Group Inc. raised its position in Oxford Industries by 4.6% in the first quarter. Vanguard Group Inc. now owns 1,315,860 shares of the textile maker’s stock worth $75,346,000 after buying an additional 58,319 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Oxford Industries by 5.5% in the first quarter. Dimensional Fund Advisors LP now owns 721,767 shares of the textile maker’s stock worth $41,329,000 after buying an additional 37,846 shares in the last quarter. Foresters Investment Management Company Inc. raised its position in Oxford Industries by 12.2% in the first quarter. Foresters Investment Management Company Inc. now owns 597,625 shares of the textile maker’s stock worth $34,220,000 after buying an additional 64,825 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in Oxford Industries by 26.8% in the first quarter. Bank of New York Mellon Corp now owns 581,429 shares of the textile maker’s stock worth $33,292,000 after buying an additional 123,029 shares in the last quarter. 91.21% of the stock is owned by hedge funds and other institutional investors.
Shares of Oxford Industries (NYSE OXM) traded down 0.82% on Monday, hitting $59.54. The company had a trading volume of 61,944 shares. The company has a market cap of $1.00 billion, a price-to-earnings ratio of 20.05 and a beta of 0.40. Oxford Industries has a 12-month low of $49.50 and a 12-month high of $76.19. The company has a 50 day moving average of $58.38 and a 200-day moving average of $56.97.
Oxford Industries (NYSE:OXM) last posted its quarterly earnings results on Tuesday, June 6th. The textile maker reported $1.12 EPS for the quarter, beating the consensus estimate of $1.04 by $0.08. Oxford Industries had a net margin of 4.76% and a return on equity of 14.00%. The business had revenue of $272.40 million for the quarter, compared to analysts’ expectations of $273.40 million. During the same period in the previous year, the company posted $1.26 EPS. Oxford Industries’s revenue was up 6.3% on a year-over-year basis. On average, analysts forecast that Oxford Industries will post $3.57 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 28th. Shareholders of record on Friday, July 14th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date is Wednesday, July 12th. Oxford Industries’s dividend payout ratio is 36.36%.
About Oxford Industries
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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