Shares of Oxford Industries Inc (NYSE:OXM) have received a consensus recommendation of “Hold” from the nine ratings firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $87.57.
A number of brokerages have recently commented on OXM. ValuEngine lowered Oxford Industries from a “buy” rating to a “hold” rating in a report on Friday, November 30th. Citigroup boosted their price target on Oxford Industries from $90.00 to $102.00 and gave the company a “buy” rating in a report on Monday, September 17th. CL King began coverage on Oxford Industries in a report on Friday, December 28th. They issued a “buy” rating and a $80.00 price target on the stock. Zacks Investment Research lowered Oxford Industries from a “buy” rating to a “hold” rating in a report on Tuesday, September 18th. Finally, Telsey Advisory Group cut their price target on Oxford Industries from $93.00 to $76.00 and set a “market perform” rating on the stock in a report on Thursday, December 13th.
In related news, Director John R. Holder bought 500 shares of the company’s stock in a transaction that occurred on Tuesday, December 18th. The shares were acquired at an average price of $69.89 per share, for a total transaction of $34,945.00. Following the completion of the acquisition, the director now owns 21,134 shares of the company’s stock, valued at approximately $1,477,055.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.07% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC raised its holdings in Oxford Industries by 167.2% during the third quarter. Tower Research Capital LLC TRC now owns 1,189 shares of the textile maker’s stock worth $107,000 after acquiring an additional 744 shares in the last quarter. Itau Unibanco Holding S.A. bought a new stake in Oxford Industries during the second quarter worth about $100,000. Dorsey & Whitney Trust CO LLC bought a new stake in Oxford Industries during the third quarter worth about $214,000. Hsbc Holdings PLC bought a new stake in Oxford Industries during the third quarter worth about $216,000. Finally, Riverhead Capital Management LLC raised its holdings in Oxford Industries by 33.9% during the third quarter. Riverhead Capital Management LLC now owns 2,765 shares of the textile maker’s stock worth $250,000 after acquiring an additional 700 shares in the last quarter. Institutional investors and hedge funds own 88.42% of the company’s stock.
Shares of Oxford Industries stock opened at $75.77 on Friday. The stock has a market capitalization of $1.30 billion, a PE ratio of 20.70, a PEG ratio of 1.78 and a beta of 0.28. Oxford Industries has a one year low of $63.50 and a one year high of $97.19. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.91 and a current ratio of 2.02.
Oxford Industries (NYSE:OXM) last issued its quarterly earnings results on Wednesday, December 12th. The textile maker reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.03). The firm had revenue of $233.70 million during the quarter, compared to the consensus estimate of $242.45 million. Oxford Industries had a net margin of 6.69% and a return on equity of 15.56%. The business’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.17 earnings per share. Analysts predict that Oxford Industries will post 4.3 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, February 1st. Investors of record on Friday, January 18th will be issued a dividend of $0.34 per share. The ex-dividend date is Thursday, January 17th. This represents a $1.36 annualized dividend and a yield of 1.79%. Oxford Industries’s payout ratio is presently 37.16%.
About Oxford Industries
Oxford Industries, Inc, an apparel company, designs, sources, markets, and distributes products of company owned and licensed brands, and private labels apparel products worldwide. The company offers men's and women's sportswear and related products under the Tommy Bahama brand; women's and girl's dresses and sportswear, scarves, bags, jewelry, and belts, as well as footwear and children's apparel under the Lilly Pulitzer brand; and men's shirts, pants, shorts, outerwear, ties, swimwear, footwear, and accessories, as well as women's products under the Southern Tide brand.
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