Oxford Industries (NYSE:OXM) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Friday. The brokerage presently has a $81.00 price objective on the textile maker’s stock. Zacks Investment Research‘s price objective points to a potential upside of 11.60% from the company’s current price.
According to Zacks, “Oxford Industries, Inc. is an apparel company which designs, sources, markets and distributes products bearing the trademarks of its owned and licensed brands. Oxford’s owned brands include Tommy Bahama®, Lilly Pulitzer®, Oxford Golf®, and Billy London®. The Company operates retail stores, internet websites and restaurants. The Company has granted licenses to select third parties to produce and sell certain product categories under its Tommy Bahama and Lilly Pulitzer brands. The Company also holds exclusive licenses to produce and sell certain product categories under the Kenneth Cole®, Geoffrey Beene®, and Dockers® labels. Oxford’s wholesale customers include department stores, specialty stores, national chains, warehouse clubs, and Internet retailers. “
OXM has been the subject of several other research reports. Telsey Advisory Group lifted their target price on shares of Oxford Industries from $65.00 to $68.00 and gave the stock a “market perform” rating in a research note on Wednesday. FBR & Co reiterated a “buy” rating and issued a $75.00 target price on shares of Oxford Industries in a research note on Tuesday, September 12th. Needham & Company LLC set a $62.00 target price on shares of Oxford Industries and gave the stock a “buy” rating in a research note on Monday, October 16th. DA Davidson set a $71.00 target price on shares of Oxford Industries and gave the stock a “hold” rating in a research note on Wednesday. Finally, SunTrust Banks reaffirmed a “buy” rating on shares of Oxford Industries in a research note on Thursday. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $71.20.
Shares of Oxford Industries (NYSE OXM) opened at $72.58 on Friday. The company has a market cap of $1,210.00, a PE ratio of 19.70, a price-to-earnings-growth ratio of 1.83 and a beta of 0.39. 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 $73.62.
Oxford Industries (NYSE:OXM) last announced its quarterly earnings data on Tuesday, December 5th. The textile maker reported $0.17 EPS for the quarter, topping the consensus estimate of $0.12 by $0.05. The business had revenue of $236.00 million for the quarter, compared to analyst estimates of $242.98 million. Oxford Industries had a net margin of 4.83% and a return on equity of 14.40%. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.07) earnings per share. equities analysts forecast that Oxford Industries will post 3.62 EPS for the current year.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Schwab Charles Investment Management Inc. raised its holdings in Oxford Industries by 6.5% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 84,679 shares of the textile maker’s stock valued at $4,849,000 after buying an additional 5,202 shares during the last quarter. State Street Corp raised its holdings in Oxford Industries by 7.2% during the 1st quarter. State Street Corp now owns 353,079 shares of the textile maker’s stock valued at $20,218,000 after buying an additional 23,768 shares during the last quarter. Aperio Group LLC raised its holdings in Oxford Industries by 26.0% during the 2nd quarter. Aperio Group LLC now owns 6,803 shares of the textile maker’s stock valued at $425,000 after buying an additional 1,403 shares during the last quarter. Strs Ohio bought a new stake in Oxford Industries during the 2nd quarter valued at $874,000. Finally, Great West Life Assurance Co. Can raised its holdings in Oxford Industries by 3.9% during the 2nd quarter. Great West Life Assurance Co. Can now owns 21,520 shares of the textile maker’s stock valued at $1,344,000 after buying an additional 815 shares during the last quarter. Hedge funds and other institutional investors own 89.14% 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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