Oxford Industries, Inc. (NYSE: OXM) stocks have received an average “buy” rating from the seven brokerage houses that currently cover the company, Marketbeat Ratings reports. Three investment analysts rated the stock with a hold recommendation and three gave the company a buy recommendation. The average 12-month target price among brokers who rated the stock last year is $ 116.33.
Several equity research analysts recently rated the company. Zacks Investment Research upgraded Oxford Industries from a “hold” rating to a “buy” rating and in a research release on Thursday, August 26th, set a price target of $ 104.00 for the company. raised its price target for Oxford Industries from 90.00 US dollars to 112.00 US dollars and rated the stock in a research report on Thursday, June 10th, as “neutral”. B. Riley raised his price target for Oxford Industries from $ 106.00 to $ 120.00 and gave the stock a buy recommendation in a research report on Thursday June 10th. KeyCorp raised its price target for Oxford Industries from $ 103.00 to $ 135.00 and rated the stock as “overweight” in a research report on Thursday June 10th. Finally, TheStreet upgraded Oxford Industries from a “c” rating to a “b” rating in a research report on Thursday, September 2nd.
Large investors recently increased or reduced their stake in the company. Russell Investments Group Ltd. took a new position in Oxford Industries shares valued at approximately $ 66,000 during the second quarter. Maverick Capital Ltd. took a new position in Oxford Industries stock valued at approximately $ 73,000 during the first quarter. William Blair Investment Management LLC took a new position in Oxford Industries shares valued at approximately $ 130,000 during the second quarter. Captrust Financial Advisors increased its stake in Oxford Industries shares by 466.2% in the first quarter. Captrust Financial Advisors now owns 2,259 shares in the textile maker valued at $ 197,000 after purchasing an additional 1,860 shares during the reporting period. Eventually, Victory Capital Management Inc. acquired a new position in Oxford Industries shares valued at approximately $ 204,000 in the first quarter. 84.19% of the shares are currently owned by institutional investors and hedge funds.
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OXM stock opened at $ 91.17 on Thursday. The company has a 50-day moving average price of $ 90.22 and a 200-day moving average price of $ 92.00. The stock has a market capitalization of $ 1.54 billion, a price / earnings ratio of 27.05, and a beta of 1.83. Oxford Industries has a 52-week low of $ 40.12 and a 52-week high of $ 114.47.
Oxford Industries (NYSE: OXM) last released its earnings results on Wednesday September 1st. The textile maker reported earnings per share of $ 3.24 for the quarter, beating the consensus estimate of $ 2.33 by $ 0.91. The company posted revenue of $ 328.70 million for the quarter, compared to analyst expectations of $ 308.19 million. Oxford Industries had a return on equity of 18.81% and a net margin of 5.76%. The company’s sales increased 71.2% compared to the same quarter of the previous year. For the same quarter last year, the company had earnings per share ($ 0.38). Research analysts predict that Oxford Industries will post 6.68 EPS for the current fiscal year.
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. This equates to an annual dividend of $ 1.68 and a dividend yield of 1.84%. The ex-dividend date of this dividend 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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