Zacks Investment Research upgraded shares of Oxford Industries, Inc. (NYSE:OXM) from a hold rating to a buy rating in a research report released on Thursday morning. Zacks Investment Research currently has $71.00 price objective on the textile maker’s stock.
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. “
Several other research analysts have also weighed in on the company. Needham & Company LLC lowered their price objective on Oxford Industries from $68.00 to $62.00 and set a buy rating for the company in a research report on Friday, September 1st. FBR & Co set a $75.00 price objective on Oxford Industries and gave the stock a buy rating in a research report on Monday, August 28th. BidaskClub lowered Oxford Industries from a buy rating to a hold rating in a research report on Saturday, August 5th. TheStreet upgraded Oxford Industries from a c+ rating to a b- rating in a research report on Thursday, June 15th. Finally, B. Riley reiterated a buy rating and issued a $66.00 price objective on shares of Oxford Industries in a research report on Saturday, June 10th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of $68.56.
Shares of Oxford Industries (NYSE:OXM) traded down 6.15% during midday trading on Thursday, hitting $60.26. The company had a trading volume of 217,876 shares. The company has a market capitalization of $1.01 billion, a PE ratio of 20.30 and a beta of 0.36. 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 $61.17 and a 200-day moving average of $58.40.
Oxford Industries (NYSE:OXM) last issued its quarterly earnings data on Thursday, August 31st. The textile maker reported $1.44 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.01. The company had revenue of $284.70 million during the quarter, compared to analyst estimates of $291.34 million. Oxford Industries had a return on equity of 13.56% and a net margin of 4.64%. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.48 earnings per share. Analysts predict that Oxford Industries will post $3.59 earnings per share for the current year.
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The company also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Friday, October 13th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend is Thursday, October 12th. Oxford Industries’s dividend payout ratio (DPR) is 37.37%.
Large investors have recently added to or reduced their stakes in the business. Kernodle & Katon Asset Management Group LLC acquired a new position in Oxford Industries during the first quarter worth $106,000. Pinebridge Investments L.P. lifted its stake in Oxford Industries by 1.5% during the second quarter. Pinebridge Investments L.P. now owns 1,977 shares of the textile maker’s stock worth $124,000 after purchasing an additional 30 shares in the last quarter. State of Alaska Department of Revenue lifted its stake in Oxford Industries by 79.8% during the second quarter. State of Alaska Department of Revenue now owns 2,966 shares of the textile maker’s stock worth $185,000 after purchasing an additional 1,316 shares in the last quarter. Mason Street Advisors LLC lifted its stake in Oxford Industries by 7.0% during the first quarter. Mason Street Advisors LLC now owns 3,490 shares of the textile maker’s stock worth $200,000 after purchasing an additional 229 shares in the last quarter. Finally, Stifel Financial Corp acquired a new position in Oxford Industries during the second quarter worth $202,000. Institutional investors own 86.61% of the company’s stock.
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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