Zacks Investment Research lowered shares of Oxford Industries, Inc. (NYSE:OXM) from a buy rating to a hold rating in a research note published on Thursday.
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. “
Other analysts also recently issued research reports about the company. FBR & Co restated a buy rating and set a $75.00 target price on shares of Oxford Industries in a research note on Tuesday, September 12th. B. Riley restated a buy rating and set a $66.00 target price on shares of Oxford Industries in a research note on Monday, June 5th. TheStreet upgraded Oxford Industries from a c+ rating to a b- rating in a research note on Thursday, June 15th. Telsey Advisory Group increased their target price on Oxford Industries from $53.00 to $58.00 and gave the company a market perform rating in a research note on Wednesday, June 7th. Finally, BidaskClub downgraded Oxford Industries from a buy rating to a hold rating in a research note on Saturday, August 5th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $68.22.
Shares of Oxford Industries (OXM) opened at 60.32 on Thursday. The firm’s 50-day moving average price is $60.79 and its 200 day moving average price is $58.50. The stock has a market capitalization of $1.01 billion, a P/E ratio of 20.86 and a beta of 0.36. Oxford Industries has a 12-month low of $49.50 and a 12-month high of $76.19.
Oxford Industries (NYSE:OXM) last announced its earnings results on Thursday, August 31st. The textile maker reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.01. Oxford Industries had a return on equity of 13.56% and a net margin of 4.64%. The firm had revenue of $284.70 million during the quarter, compared to the consensus estimate of $291.34 million. During the same quarter in the prior year, the company earned $1.48 EPS. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. Analysts predict that Oxford Industries will post $3.59 EPS for the current fiscal 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 issued a $0.27 dividend. The ex-dividend date of this dividend is Thursday, October 12th. This represents a $1.08 annualized dividend and a yield of 1.79%. Oxford Industries’s dividend payout ratio (DPR) is 37.37%.
A number of institutional investors have recently bought and sold shares of OXM. Louisiana State Employees Retirement System raised its holdings in Oxford Industries by 1.7% in the 1st quarter. Louisiana State Employees Retirement System now owns 6,100 shares of the textile maker’s stock valued at $349,000 after acquiring an additional 100 shares in the last quarter. Nationwide Fund Advisors raised its holdings in Oxford Industries by 10.9% in the 1st quarter. Nationwide Fund Advisors now owns 67,742 shares of the textile maker’s stock valued at $3,879,000 after acquiring an additional 6,661 shares in the last quarter. Wells Fargo & Company MN raised its holdings in Oxford Industries by 48.7% in the 1st quarter. Wells Fargo & Company MN now owns 35,529 shares of the textile maker’s stock valued at $2,035,000 after acquiring an additional 11,637 shares in the last quarter. Great West Life Assurance Co. Can raised its holdings in Oxford Industries by 8.3% in the 1st quarter. Great West Life Assurance Co. Can now owns 20,705 shares of the textile maker’s stock valued at $1,185,000 after acquiring an additional 1,586 shares in the last quarter. Finally, First Trust Advisors LP raised its holdings in Oxford Industries by 42.6% in the 1st quarter. First Trust Advisors LP now owns 36,319 shares of the textile maker’s stock valued at $2,080,000 after acquiring an additional 10,841 shares in the last quarter. 86.56% of the stock is owned by hedge funds and other institutional investors.
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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