Zacks Investment Research upgraded shares of Oxford Industries, Inc. (NYSE:OXM) from a hold rating to a buy rating in a research report released on Friday. Zacks Investment Research currently has $68.00 price objective on the textile maker’s stock.
According to Zacks, “Oxford Industries Inc.’s primary business is the design, manufacture, marketing and sale of consumer apparel products in the popular to better price ranges. Substantially all of their distribution facilities, offices and customers are located in the United States. Oxford is organized into four operating groups that reflect four major product lines: Oxford Shirt Group, Lanier Clothes, Oxford Slacks and the Oxford Womenswear Group. “
OXM has been the topic of several other research reports. Needham & Company LLC started coverage on shares of Oxford Industries in a report on Tuesday, July 18th. They set a buy rating and a $68.00 price objective on the stock. DA Davidson downgraded shares of Oxford Industries from a buy rating to a neutral rating and set a $68.00 price objective on the stock. in a report on Friday, September 8th. FBR & Co set a $75.00 price objective on shares of Oxford Industries and gave the company a buy rating in a report on Monday, August 28th. BidaskClub upgraded shares of Oxford Industries from a hold rating to a buy rating in a report on Tuesday, June 13th. Finally, Telsey Advisory Group increased their price target on shares of Oxford Industries from $53.00 to $58.00 and gave the stock a market perform rating in a report on Wednesday, June 7th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of Buy and an average price target of $68.22.
Oxford Industries (OXM) traded up 1.19% during mid-day trading on Friday, reaching $60.32. 442,105 shares of the company’s stock were exchanged. The company’s 50-day moving average is $60.79 and its 200 day moving average is $58.50. Oxford Industries has a one year low of $49.50 and a one year high of $76.19. The firm has a market capitalization of $1.01 billion, a P/E ratio of 20.86 and a beta of 0.36.
Oxford Industries (NYSE:OXM) last posted its quarterly earnings data on Thursday, August 31st. The textile maker reported $1.44 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.43 by $0.01. Oxford Industries had a net margin of 4.64% and a return on equity of 13.56%. The firm had revenue of $284.70 million for the quarter, compared to the consensus estimate of $291.34 million. During the same quarter in the prior year, the company posted $1.48 earnings per share. The company’s revenue for the quarter was up .6% compared to the same quarter last year. Equities analysts predict that Oxford Industries will post $3.59 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Friday, October 13th will be given a $0.27 dividend. The ex-dividend date of this dividend is Thursday, October 12th. This represents a $1.08 annualized dividend and a yield of 1.79%. Oxford Industries’s dividend payout ratio is presently 37.37%.
Institutional investors have recently added to or reduced their stakes in the business. Kernodle & Katon Asset Management Group LLC purchased a new position in shares of Oxford Industries during the 1st quarter valued at approximately $106,000. Pinebridge Investments L.P. lifted its position in shares of Oxford Industries by 1.5% during the 2nd quarter. Pinebridge Investments L.P. now owns 1,977 shares of the textile maker’s stock valued at $124,000 after buying an additional 30 shares in the last quarter. State of Alaska Department of Revenue lifted its position in shares of Oxford Industries by 79.8% during the 2nd quarter. State of Alaska Department of Revenue now owns 2,966 shares of the textile maker’s stock valued at $185,000 after buying an additional 1,316 shares in the last quarter. Mason Street Advisors LLC lifted its position in shares of Oxford Industries by 7.0% during the 1st quarter. Mason Street Advisors LLC now owns 3,490 shares of the textile maker’s stock valued at $200,000 after buying an additional 229 shares in the last quarter. Finally, Stifel Financial Corp purchased a new position in shares of Oxford Industries during the 2nd quarter valued at approximately $202,000. Institutional investors and hedge funds own 86.56% 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.
Receive News & Ratings for Oxford Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oxford Industries Inc. and related companies with MarketBeat.com's FREE daily email newsletter.