Oxford Industries (NYSE:OXM) Price Target Cut to $87.00

Oxford Industries (NYSE:OXM) had its price target decreased by B. Riley from $97.00 to $87.00 in a research report report published on Thursday morning, BenzingaRatingsTable reports. B. Riley currently has a buy rating on the textile maker’s stock. B. Riley also issued estimates for Oxford Industries’ Q3 2020 earnings at $0.09 EPS, Q1 2021 earnings at $1.33 EPS, Q2 2021 earnings at $1.86 EPS, Q3 2021 earnings at $0.15 EPS and Q4 2021 earnings at $1.27 EPS.

Several other brokerages have also recently commented on OXM. Zacks Investment Research cut shares of Oxford Industries from a buy rating to a hold rating in a report on Wednesday, August 14th. Telsey Advisory Group decreased their target price on shares of Oxford Industries from $78.00 to $72.00 and set a market perform rating for the company in a report on Thursday. Finally, ValuEngine upgraded shares of Oxford Industries from a sell rating to a hold rating in a report on Friday, August 2nd. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus price target of $85.38.

Shares of OXM traded down $0.18 during midday trading on Thursday, hitting $73.97. The stock had a trading volume of 18,312 shares, compared to its average volume of 152,990. Oxford Industries has a fifty-two week low of $63.50 and a fifty-two week high of $93.52. The business has a 50-day simple moving average of $69.48 and a two-hundred day simple moving average of $74.27. The firm has a market cap of $1.33 billion, a P/E ratio of 17.12, a price-to-earnings-growth ratio of 1.71 and a beta of 0.48. The company has a current ratio of 1.64, a quick ratio of 0.70 and a debt-to-equity ratio of 0.67.

Oxford Industries (NYSE:OXM) last announced its earnings results on Wednesday, September 11th. The textile maker reported $1.84 EPS for the quarter, missing the consensus estimate of $1.86 by ($0.02). Oxford Industries had a return on equity of 15.43% and a net margin of 6.03%. The firm had revenue of $302.00 million during the quarter, compared to analyst estimates of $306.98 million. During the same quarter in the previous year, the business earned $1.83 earnings per share. The business’s quarterly revenue was down .2% compared to the same quarter last year. On average, analysts expect that Oxford Industries will post 4.57 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Friday, October 18th will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend is Thursday, October 17th. Oxford Industries’s dividend payout ratio (DPR) is 34.26%.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Hancock Whitney Corp lifted its position in shares of Oxford Industries by 0.9% in the second quarter. Hancock Whitney Corp now owns 82,685 shares of the textile maker’s stock worth $6,268,000 after purchasing an additional 702 shares in the last quarter. Atria Investments LLC purchased a new stake in shares of Oxford Industries in the second quarter worth approximately $1,627,000. BlackRock Inc. lifted its position in shares of Oxford Industries by 13.6% in the second quarter. BlackRock Inc. now owns 2,835,463 shares of the textile maker’s stock worth $214,926,000 after purchasing an additional 339,482 shares in the last quarter. Verition Fund Management LLC purchased a new stake in shares of Oxford Industries in the second quarter worth approximately $572,000. Finally, Nuveen Asset Management LLC purchased a new stake in shares of Oxford Industries in the second quarter worth approximately $5,405,000. 98.57% of the stock is owned by institutional investors and hedge funds.

Oxford Industries Company Profile

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.

Further Reading: Front-End Load

Analyst Recommendations for Oxford Industries (NYSE:OXM)

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