Oxford Industries, Inc. (OXM) Receives Average Rating of “Buy” from Analysts

Oxford Industries, Inc. (NYSE:OXM) has received an average rating of “Buy” from the twelve analysts that are covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $72.50.

Several equities research analysts have weighed in on OXM shares. Zacks Investment Research raised Oxford Industries from a “hold” rating to a “buy” rating and set a $71.00 price objective on the stock in a research note on Thursday, September 7th. Needham & Company LLC reduced their price objective on Oxford Industries from $68.00 to $62.00 and set a “buy” rating on the stock in a research note 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 note on Monday, August 28th. KeyCorp reissued a “buy” rating and set a $78.00 price objective on shares of Oxford Industries in a research note on Friday, November 24th. Finally, SunTrust Banks reissued a “buy” rating and set a $66.00 price objective on shares of Oxford Industries in a research note on Tuesday, October 24th.

Shares of Oxford Industries (NYSE OXM) traded down $0.63 during mid-day trading on Thursday, hitting $69.96. The stock had a trading volume of 98,078 shares, compared to its average volume of 162,974. Oxford Industries has a 1 year low of $49.50 and a 1 year high of $73.62. The company has a quick ratio of 0.91, a current ratio of 1.99 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $1,194.82, a PE ratio of 21.13, a price-to-earnings-growth ratio of 1.93 and a beta of 0.39.

Oxford Industries (NYSE:OXM) last issued its quarterly earnings data on Tuesday, December 5th. The textile maker reported $0.17 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.05. Oxford Industries had a return on equity of 14.26% and a net margin of 4.83%. The company had revenue of $236.00 million for the quarter, compared to analysts’ expectations of $242.98 million. During the same period in the previous year, the firm posted ($0.07) earnings per share. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. research analysts forecast that Oxford Industries will post 3.67 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 2nd. Shareholders of record on Friday, January 19th will be given a dividend of $0.27 per share. The ex-dividend date is Thursday, January 18th. This represents a $1.08 annualized dividend and a dividend yield of 1.54%. Oxford Industries’s dividend payout ratio (DPR) is presently 35.41%.

In other Oxford Industries news, Director Dennis M. Love sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $72.09, for a total transaction of $108,135.00. Following the completion of the transaction, the director now owns 17,002 shares in the company, valued at $1,225,674.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.29% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in OXM. JPMorgan Chase & Co. boosted its position in shares of Oxford Industries by 1,145.4% during the third quarter. JPMorgan Chase & Co. now owns 143,910 shares of the textile maker’s stock valued at $9,059,000 after buying an additional 132,355 shares during the period. Schroder Investment Management Group boosted its holdings in shares of Oxford Industries by 47.4% in the second quarter. Schroder Investment Management Group now owns 339,936 shares of the textile maker’s stock valued at $21,263,000 after purchasing an additional 109,353 shares during the period. Westwood Holdings Group Inc. boosted its holdings in shares of Oxford Industries by 34.1% in the second quarter. Westwood Holdings Group Inc. now owns 318,023 shares of the textile maker’s stock valued at $19,873,000 after purchasing an additional 80,913 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Oxford Industries by 7.2% in the second quarter. Dimensional Fund Advisors LP now owns 773,568 shares of the textile maker’s stock valued at $48,340,000 after purchasing an additional 51,801 shares during the period. Finally, Prudential Financial Inc. boosted its holdings in shares of Oxford Industries by 133.6% in the third quarter. Prudential Financial Inc. now owns 88,781 shares of the textile maker’s stock valued at $5,641,000 after purchasing an additional 50,770 shares during the period. Institutional investors and hedge funds own 89.14% of the company’s stock.

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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.

Analyst Recommendations for Oxford Industries (NYSE:OXM)

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