Oxford Industries Inc (NYSE:OXM) – Stock analysts at KeyCorp decreased their Q3 2018 EPS estimates for Oxford Industries in a research report issued to clients and investors on Tuesday. KeyCorp analyst E. Yruma now expects that the textile maker will earn $0.04 per share for the quarter, down from their previous forecast of $0.05. KeyCorp also issued estimates for Oxford Industries’ Q4 2018 earnings at $0.99 EPS.
Other equities research analysts also recently issued research reports about the stock. B. Riley reaffirmed a “buy” rating and issued a $66.00 target price on shares of Oxford Industries in a research note on Friday, March 24th. Telsey Advisory Group increased their price objective on shares of Oxford Industries from $53.00 to $58.00 and gave the stock a “market perform” rating in a research report on Wednesday. Zacks Investment Research raised shares of Oxford Industries from a “sell” rating to a “hold” rating in a research report on Thursday, March 23rd. Citigroup Inc lowered their price objective on shares of Oxford Industries from $74.00 to $64.00 and set a “buy” rating for the company in a research report on Friday, March 24th. Finally, Wunderlich lowered their price objective on shares of Oxford Industries from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Friday, March 24th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $71.29.
Oxford Industries (NYSE:OXM) opened at 61.49 on Friday. Oxford Industries has a 52-week low of $49.50 and a 52-week high of $76.19. The stock has a market capitalization of $1.03 billion, a PE ratio of 19.53 and a beta of 0.42. The firm’s 50-day moving average is $56.68 and its 200 day moving average is $57.76.
Oxford Industries (NYSE:OXM) last posted its quarterly earnings data on Tuesday, June 6th. The textile maker reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.08. Oxford Industries had a net margin of 5.87% and a return on equity of 17.54%. The firm 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. The company’s quarterly revenue was up 6.3% compared to the same quarter last year.
Several large investors have recently modified their holdings of OXM. BlackRock Inc. increased its stake in shares of Oxford Industries by 97,941.6% in the first quarter. BlackRock Inc. now owns 1,957,890 shares of the textile maker’s stock valued at $112,110,000 after buying an additional 1,955,893 shares in the last quarter. Wellington Management Group LLP bought a new stake in shares of Oxford Industries during the first quarter valued at about $29,465,000. Russell Investments Group Ltd. bought a new stake in shares of Oxford Industries during the fourth quarter valued at about $18,264,000. Cardinal Capital Management LLC CT increased its stake in shares of Oxford Industries by 96.4% in the fourth quarter. Cardinal Capital Management LLC CT now owns 477,193 shares of the textile maker’s stock valued at $28,693,000 after buying an additional 234,222 shares in the last quarter. Finally, Schroder Investment Management Group bought a new stake in shares of Oxford Industries during the first quarter valued at about $13,408,000. 88.96% of the stock is owned by institutional investors.
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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