B. Riley restated their buy rating on shares of Oxford Industries (NYSE:OXM) in a research note issued to investors on Tuesday. The brokerage currently has a $84.00 target price on the textile maker’s stock.
A number of other research firms have also issued reports on OXM. Zacks Investment Research raised Oxford Industries from a hold rating to a buy rating and set a $85.00 price target on the stock in a research report on Friday, January 5th. SunTrust Banks increased their price target on Oxford Industries to $90.00 and gave the company a buy rating in a research report on Tuesday. DA Davidson raised Oxford Industries from a neutral rating to a buy rating and set a $91.00 price target on the stock in a research report on Thursday, January 4th. Telsey Advisory Group increased their price target on Oxford Industries from $58.00 to $65.00 and gave the company a market perform rating in a research report on Thursday, November 30th. Finally, Needham & Company LLC lowered Oxford Industries from a buy rating to a hold rating and set a $68.00 price target on the stock. in a research report on Friday, December 1st. They noted that the move was a valuation call. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of $77.80.
Oxford Industries (NYSE OXM) traded up $0.11 on Tuesday, reaching $82.28. The company had a trading volume of 94,118 shares, compared to its average volume of 132,353. Oxford Industries has a 1 year low of $49.50 and a 1 year high of $82.90. The company has a current ratio of 1.99, a quick ratio of 0.91 and a debt-to-equity ratio of 0.18. The firm has a market cap of $1,383.18, a price-to-earnings ratio of 26.98, a price-to-earnings-growth ratio of 2.24 and a beta of 0.37.
Oxford Industries (NYSE:OXM) last posted its earnings results on Tuesday, December 5th. The textile maker reported $0.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.05. The firm had revenue of $236.00 million for the quarter, compared to analyst estimates of $242.98 million. Oxford Industries had a return on equity of 14.26% and a net margin of 4.83%. Oxford Industries’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.07) EPS. research analysts anticipate that Oxford Industries will post 3.67 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 2nd. Stockholders of record on Friday, January 19th will be issued a $0.27 dividend. The ex-dividend date is Thursday, January 18th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.31%. Oxford Industries’s payout ratio is currently 35.41%.
In other news, insider James Wesley Howard, Jr. sold 4,750 shares of the 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 transaction, the insider now owns 6,204 shares in the company, valued at approximately $497,871. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Dennis M. Love sold 1,500 shares of the stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $72.09, for a total value of $108,135.00. Following the completion of the transaction, the director now owns 17,002 shares in the company, valued at approximately $1,225,674.18. The disclosure for this sale can be found here. Corporate insiders own 3.29% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Algert Global LLC increased its holdings in shares of Oxford Industries by 740.0% in the 3rd quarter. Algert Global LLC now owns 37,706 shares of the textile maker’s stock valued at $2,396,000 after acquiring an additional 33,217 shares during the last quarter. California Public Employees Retirement System increased its holdings in shares of Oxford Industries by 12.1% in the 3rd quarter. California Public Employees Retirement System now owns 65,365 shares of the textile maker’s stock valued at $4,153,000 after acquiring an additional 7,065 shares during the last quarter. Vident Investment Advisory LLC purchased a new position in shares of Oxford Industries in the 3rd quarter valued at about $1,869,000. King Luther Capital Management Corp increased its holdings in shares of Oxford Industries by 41.7% in the 3rd quarter. King Luther Capital Management Corp now owns 45,225 shares of the textile maker’s stock valued at $2,874,000 after acquiring an additional 13,320 shares during the last quarter. Finally, Invictus RG increased its holdings in shares of Oxford Industries by 41.5% in the 3rd quarter. Invictus RG now owns 4,384 shares of the textile maker’s stock valued at $279,000 after acquiring an additional 1,285 shares during the last quarter. Institutional investors and hedge funds 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.
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