Oxford Industries (OXM) Stock Rating Reaffirmed by B. Riley

B. Riley reissued their buy rating on shares of Oxford Industries (NYSE:OXM) in a research report sent to investors on Tuesday. B. Riley currently has a $84.00 price target on the textile maker’s stock.

Other analysts have also issued reports about the company. Zacks Investment Research lowered Oxford Industries from a buy rating to a hold rating in a research note on Thursday, September 14th. FBR & Co restated a buy rating and issued a $75.00 target price on shares of Oxford Industries in a research note on Tuesday, September 12th. SunTrust Banks raised their target price on Oxford Industries to $90.00 and gave the company a buy rating in a research note on Tuesday. KeyCorp restated a buy rating and issued a $78.00 target price on shares of Oxford Industries in a research note on Friday, November 24th. Finally, Needham & Company LLC set a $62.00 target price on Oxford Industries and gave the company a buy rating in a research note on Monday, October 16th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of $77.80.

Shares of Oxford Industries (NYSE:OXM) traded up $0.11 during trading hours on Tuesday, hitting $82.28. The stock had a trading volume of 94,118 shares, compared to its average volume of 149,433. Oxford Industries has a 52 week low of $49.50 and a 52 week high of $82.90. The firm has a market capitalization of $1,320.00, a price-to-earnings ratio of 25.96, a PEG ratio of 2.18 and a beta of 0.37. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.91 and a current ratio of 1.99.

Oxford Industries (NYSE:OXM) last announced its earnings results on Tuesday, December 5th. The textile maker reported $0.17 earnings per share for the quarter, beating the Zacks’ 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 during the quarter, compared to analyst estimates of $242.98 million. During the same period last year, the company posted ($0.07) earnings per share. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. analysts predict that Oxford Industries will post 3.67 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 2nd. Investors of record on Friday, January 19th will be given a $0.27 dividend. The ex-dividend date is Thursday, January 18th. This represents a $1.08 dividend on an annualized basis and a yield of 1.31%. Oxford Industries’s payout ratio is 34.07%.

In related news, Director Dennis M. Love sold 1,500 shares of Oxford Industries stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $72.09, for a total value of $108,135.00. Following the completion of the sale, the director now directly owns 17,002 shares in the company, valued at $1,225,674.18. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider James Wesley Howard, Jr. sold 4,750 shares of Oxford Industries stock in a transaction dated Wednesday, January 10th. The stock was sold at an average price of $80.25, for a total value of $381,187.50. Following the completion of the sale, the insider now owns 6,204 shares of the company’s stock, valued at $497,871. The disclosure for this sale can be found here. 3.29% of the stock is owned by company insiders.

Hedge funds have recently made changes to their positions in the stock. Pinebridge Investments L.P. increased its position in Oxford Industries by 1.5% in 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 during the period. Stifel Financial Corp acquired a new stake in Oxford Industries in the second quarter worth about $202,000. Piedmont Investment Advisors LLC acquired a new stake in Oxford Industries in the second quarter worth about $203,000. Macquarie Group Ltd. acquired a new stake in Oxford Industries in the third quarter worth about $205,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in shares of Oxford Industries during the 3rd quarter worth about $222,000. Hedge funds and other institutional investors own 89.06% 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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