A number of other brokerages also recently issued reports on OXM. SunTrust Banks, Inc. reiterated a buy rating and issued a $66.00 price objective on shares of Oxford Industries in a research report on Tuesday, October 24th. Zacks Investment Research upgraded Oxford Industries from a hold rating to a buy rating and set a $71.00 price target on the stock in a research report on Thursday, September 7th. DA Davidson downgraded Oxford Industries from a buy rating to a neutral rating and set a $68.00 price target on the stock. in a research report on Friday, September 8th. Needham & Company LLC set a $62.00 price target on Oxford Industries and gave the company a buy rating in a research report on Monday, October 16th. Finally, B. Riley restated a buy rating on shares of Oxford Industries in a research report on Wednesday, November 1st. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Oxford Industries has a consensus rating of Buy and an average price target of $67.90.
Shares of Oxford Industries (NYSE OXM) opened at $65.11 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.68 and a quick ratio of 0.70. Oxford Industries has a 12-month low of $49.50 and a 12-month high of $76.19. The stock has a market capitalization of $1,095.61, a price-to-earnings ratio of 20.87, a P/E/G ratio of 1.80 and a beta of 0.37.
Oxford Industries (NYSE:OXM) last issued its quarterly earnings data on Thursday, August 31st. The textile maker reported $1.44 earnings per share (EPS) for the quarter, topping the Zacks’ 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 company had revenue of $284.70 million for the quarter, compared to the consensus estimate of $291.34 million. During the same quarter last year, the business posted $1.48 earnings per share. The firm’s revenue was up .6% compared to the same quarter last year. analysts expect that Oxford Industries will post 3.62 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Pinebridge Investments L.P. raised its position in Oxford Industries by 1.5% during the second quarter. Pinebridge Investments L.P. now owns 1,977 shares of the textile maker’s stock valued at $124,000 after purchasing an additional 30 shares in the last quarter. State of Alaska Department of Revenue raised its position in Oxford Industries by 79.8% during the second quarter. State of Alaska Department of Revenue now owns 2,966 shares of the textile maker’s stock valued at $185,000 after purchasing an additional 1,316 shares in the last quarter. Macquarie Group Ltd. purchased a new stake in Oxford Industries during the third quarter valued at about $205,000. Stifel Financial Corp purchased a new stake in Oxford Industries during the second quarter valued at about $202,000. Finally, Piedmont Investment Advisors LLC purchased a new stake in Oxford Industries during the second quarter valued at about $203,000. Institutional investors and hedge funds own 88.14% 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.
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