Needham & Company LLC assumed coverage on shares of Oxford Industries, Inc. (NYSE:OXM) in a report published on Tuesday, Marketbeat reports. The firm issued a buy rating and a $68.00 price target on the textile maker’s stock.
Several other brokerages have also recently issued reports on OXM. Telsey Advisory Group dropped their price objective on Oxford Industries from $60.00 to $53.00 and set a market perform rating on the stock in a research note on Friday, March 24th. B. Riley reissued a buy rating and issued a $66.00 price objective on shares of Oxford Industries in a research note on Saturday, June 10th. Wunderlich dropped their price objective on Oxford Industries from $80.00 to $75.00 and set a buy rating on the stock in a research note on Friday, March 24th. Citigroup Inc. dropped their price objective on Oxford Industries from $74.00 to $64.00 and set a buy rating on the stock in a research note on Friday, March 24th. Finally, BidaskClub raised Oxford Industries from a hold rating to a buy rating in a research note on Tuesday, June 13th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $71.33.
Oxford Industries (NYSE:OXM) traded down 0.76% during midday trading on Tuesday, hitting $62.55. The company had a trading volume of 33,881 shares. The stock has a 50 day moving average price of $60.91 and a 200 day moving average price of $56.93. Oxford Industries has a 52 week low of $49.50 and a 52 week high of $76.19. The company has a market capitalization of $1.05 billion, a P/E ratio of 21.07 and a beta of 0.40.
Oxford Industries (NYSE:OXM) last announced its quarterly earnings data on Tuesday, June 6th. The textile maker reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.08. Oxford Industries had a return on equity of 14.00% and a net margin of 4.76%. The company had revenue of $272.40 million for the quarter, compared to analysts’ expectations of $273.40 million. During the same quarter in the prior year, the firm earned $1.26 earnings per share. Oxford Industries’s revenue was up 6.3% compared to the same quarter last year. Equities analysts forecast that Oxford Industries will post $3.58 earnings per share for the current fiscal year.
The business 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. The ex-dividend date is Wednesday, July 12th. This represents a $1.08 annualized dividend and a yield of 1.71%. Oxford Industries’s dividend payout ratio (DPR) is presently 36.36%.
A number of hedge funds have recently made changes to their positions in OXM. Dimensional Fund Advisors LP boosted its stake in shares of Oxford Industries by 5.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 683,921 shares of the textile maker’s stock valued at $41,125,000 after buying an additional 36,584 shares during the period. Commerce Bank boosted its stake in shares of Oxford Industries by 9.2% in the first quarter. Commerce Bank now owns 5,910 shares of the textile maker’s stock valued at $338,000 after buying an additional 500 shares during the period. Trexquant Investment LP bought a new stake in shares of Oxford Industries during the first quarter valued at about $1,790,000. Airain ltd bought a new stake in shares of Oxford Industries during the first quarter valued at about $670,000. Finally, State Street Corp boosted its stake in shares of Oxford Industries by 7.0% in the fourth quarter. State Street Corp now owns 329,311 shares of the textile maker’s stock valued at $19,800,000 after buying an additional 21,602 shares during the period. 91.14% of the stock is currently owned by institutional investors and hedge funds.
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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