Oxford Industries (NYSE: OXM) released its quarterly earnings data on Wednesday. The textile maker reported earnings per share of $ 3.24 for the quarter, beating the consensus estimate of $ 2.33 by $ 0.91, MarketWatch reports. 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 revenue for the quarter increased 71.2% year over year. For the same quarter last year, the company had earnings per share ($ 0.38).
Oxford Industries stock opened at $ 93.54 on Friday. The company’s fifty-day simple moving average is $ 92.26 and the 200-day simple moving average is $ 90.60. The company has a market capitalization of $ 1.58 billion, a price / earnings ratio of -1,870.80, 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 also recently announced a quarterly dividend, which was paid on Friday, July 30th. Shareholders of record on Friday, July 16, received a dividend of $ 0.42. This is an increase from Oxford Industries’ previous quarterly dividend of $ 0.37. The ex-dividend date was Thursday, July 15th. This equates to an annualized dividend of $ 1.68 and a dividend yield of 1.80%. Oxford Industries’ dividend payout ratio (DPR) is currently -92.82%.
Several equity analysts recently rated OXM stocks. KeyCorp raised its price target on Oxford Industries shares from $ 103.00 to $ 135.00 and identified the company as “overweight” in a research report on Thursday June 10th. Citigroup raised its target price for Oxford Industries from $ 90.00 to $ 112.00 and rated the company as “neutral” in a report dated Thursday June 10th. B. Riley raised his target price for Oxford Industries from $ 106.00 to $ 120.00 and rated the company as a “Buy” in a report on Thursday June 10th. raised its target price for Oxford Industries from $ 90.00 to $ 112.00 and rated the company as “neutral” in a report dated Thursday, June 10th. Finally, Telsey Advisory Group raised its price target for Oxford Industries from $ 100.00 to $ 120.00 and rated the company as “market performance” in a report dated Thursday June 10th. Three research analysts for stocks have given the stock a hold rating and three have given the company a buy rating. According to data from MarketBeat, Oxford Industries currently has a consensus rating of “Buy” and a consensus price target of $ 117.17.
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In other news, EVP Scott Grassmyer sold 1,000 shares in the company in one transaction on Monday June 21st. The shares were sold at an average price of $ 100.54 for a total value of $ 100,540.00. Following the sale, the executive vice president now owns 35,097 shares in the company valued at $ 3,528,652.38. The sale was announced in a filing with the SEC, which is available at this hyperlink. Company insiders own 5.80% of the company’s shares.
A hedge fund recently increased its stake in Oxford Industries stock. Morgan Stanley increased its position in Oxford Industries, Inc. (NYSE: OXM) 100.9% in the second quarter, the company said in its most recent disclosure to the Securities and Exchange Commission (SEC). The company owned 86,443 shares in the textile maker after buying an additional 43,420 shares during the quarter. Morgan Stanley owned approximately 0.51% of Oxford Industries, valued at $ 8,545,000, at the end of the last quarter. Institutional investors and hedge funds own 79.40% of the company’s stock.
About Oxford Industries
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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