Oxford Industries, Inc. (NYSE:OXM) has been given a consensus rating of “Buy” by the twelve analysts that are presently covering the company, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $71.29.
OXM has been the topic of a number of research analyst reports. FBR & Co set a $75.00 target price on Oxford Industries and gave the stock a “buy” rating in a research report on Monday, August 28th. Zacks Investment Research cut Oxford Industries from a “buy” rating to a “hold” rating in a research report on Thursday, August 31st. Needham & Company LLC cut their target price on Oxford Industries from $68.00 to $62.00 and set a “buy” rating on the stock in a research report on Friday, September 1st. Finally, DA Davidson cut Oxford Industries from a “buy” rating to a “neutral” rating and set a $68.00 target price on the stock. in a research report on Friday, September 8th.
Oxford Industries (NYSE OXM) traded up $5.87 on Thursday, hitting $72.05. The stock had a trading volume of 515,300 shares, compared to its average volume of 162,424. 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 twelve month low of $49.50 and a twelve month high of $73.62. The firm has a market capitalization of $1,210.00, a PE ratio of 19.70, a P/E/G ratio of 1.83 and a beta of 0.39.
Oxford Industries (NYSE:OXM) last posted its earnings results on Tuesday, December 5th. The textile maker reported $0.17 EPS for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.05. Oxford Industries had a return on equity of 14.40% and a net margin of 4.83%. The business had revenue of $236.00 million for the quarter, compared to analysts’ expectations of $242.98 million. During the same quarter in the previous year, the firm earned ($0.07) earnings per share. The business’s revenue was up 6.2% compared to the same quarter last year. equities research analysts forecast that Oxford Industries will post 3.62 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, February 2nd. Investors of record on Friday, January 19th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.50%. The ex-dividend date is Thursday, January 18th. Oxford Industries’s dividend payout ratio (DPR) is presently 34.07%.
A number of hedge funds have recently modified their holdings of the stock. Algert Global LLC increased its position in 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 period. California Public Employees Retirement System increased its position in 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 period. Vident Investment Advisory LLC acquired a new position in Oxford Industries in the 3rd quarter valued at about $1,869,000. King Luther Capital Management Corp increased its position in 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 period. Finally, Invictus RG increased its position in 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 period. Hedge funds and other institutional investors own 89.14% of the company’s stock.
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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