Oxford Industries, Inc. (NYSE: OXM) – B. Riley’s equity researchers increased their earnings per share estimates for the fourth quarter of 2022 for shares of Oxford Industries in a research release issued Friday, September 3. B. Riley analyst S. Anderson now expects the textile maker to earn $ 1.20 per share for the quarter, up from its previous forecast of $ 1.12. B. Riley has a “Buy” rating and a price target of $ 120.00 on the stock.
A number of other stock research analysts have also rated the stock. raised its target price on shares of Oxford Industries from USD 90.00 to USD 112.00 and gave the company a “neutral” rating in a report on Thursday, June 10th. The Telsey Advisory Group lowered its price target on shares of Oxford Industries from USD 120.00 to USD 115.00 and stated a “market performance” for the share in a report on Friday. Citigroup raised its target price on Oxford Industries shares from $ 90.00 to $ 112.00 and rated the company as “neutral” in a report dated Thursday, June 10th. KeyCorp raised its price target on Oxford Industries shares from $ 103.00 to $ 135.00 and rated the company as “overweight” in a report dated Thursday June 10th. Finally, TheStreet raised the shares of Oxford Industries from a “c” rating to a “b” rating in a report on Thursday. Three research analysts have given the stock a hold rating and three have assigned a buy rating to the company’s stock. The company has an average “Buy” rating and an average price target of $ 116.33, according to MarketBeat.com.
OXM’s shares opened at $ 94.15 on Monday. The company has a market cap of $ 1.59 billion, a P / E of -1,883.00, and a beta of 1.82. Oxford Industries has a 1-year low of $ 37.89 and a 1-year high of $ 114.47. The company’s fifty-day moving average price is $ 92.18 and the company’s 200-day moving average price is $ 90.95. Oxford Industries (NYSE: OXM) last announced its quarterly earnings data on Wednesday September 1st. The textile maker reported earnings per share of $ 3.24 for the quarter, beating analysts’ consensus estimate of $ 2.33 by $ 0.91. The company had revenue of $ 328.70 million for the quarter, compared to analyst estimates of $ 308.19 million. Oxford Industries had a negative net margin of 0.05% and a positive return on equity of 4.84%. The company’s quarterly revenue increased 71.2% compared to the same quarter last year. For the same period last year, the company had earnings per share ($ 0.38).
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Several hedge funds recently bought and sold shares of OXM. FMR LLC increased its stake in Oxford Industries shares by 5.4% in the first quarter. FMR LLC now owns 279,372 shares in the textile maker valued at $ 21,025,000 after acquiring an additional 14,361 shares in the most recent quarter. CWM Advisors LLC acquired a new stake in Oxford Industries stock valued at approximately $ 341,000 in the first quarter. MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income acquired a new stake in Oxford Industries shares valued at approximately $ 7,051,000 in the first quarter. Chartwell Investment Partners LLC increased its position in Oxford Industries stocks by 4.6% in the first quarter. Chartwell Investment Partners LLC now owns 106,207 shares of the textile manufacturer valued at $ 9,285,000 after purchasing an additional 4,715 shares in the most recent quarter. Finally, Great Lakes Advisors LLC added 4.6% to its position in Oxford Industries stocks in the first quarter. Great Lakes Advisors LLC now owns 82,425 shares of the textile maker valued at $ 7,206,000 after buying an additional 3,604 shares in the most recent quarter. 79.40% of the shares are currently owned by institutional investors and hedge funds.
In other news, EVP Scott Grassmyer sold 1,000 shares of the stock in a transaction on Monday June 21st. The shares were sold at an average price of $ 100.54 for a total transaction of $ 100,540.00. Following the sale, the executive vice president now directly owns 35,097 shares in the company valued at approximately $ 3,528,652.38. The transaction was announced in a filing with the SEC, which is available at this hyperlink. Company insiders own 5.80% of the company’s shares.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 29th. Shareholders of record on Friday, October 15, will receive a dividend of $ 0.42 per share. This equates to an annualized dividend of $ 1.68 and a dividend yield of 1.78%. The ex-dividend date is Thursday October 14th. Oxford Industries’ payout ratio is currently -92.82%.
Oxford Industries company profile
Oxford Industries, Inc. is engaged in the design, procurement, marketing and sales of apparel products. Brands include Tommy Bahama, Lilly Pulitzer, Southern Tide and licensed brands for bespoke apparel and golf apparel. The company was founded in 1942 by John Hicks Lanier and Sartain Lanier and is headquartered in Atlanta, GA.
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