Oxford Industries (NYSE: OXM)The stock was confirmed as a “buy” by B. Riley’s stock researchers in a report released Thursday, Zacks.com reports. B. Riley also estimated Oxford Industries’ fourth quarter 2022 earnings of $ 1.30 EPS and fiscal 2023 earnings of $ 7.02 EPS.
OXM has been the subject of several other research reports. TheStreet published a research report on Oxford Industries on Thursday 2. The Telsey Advisory Group lowered its price target on Oxford Industries shares from USD 120.00 to USD 115.00 and published a research report on Friday, on September 3rd, a “market performance” for the company. Finally, in a research report on Thursday November 4th, Zacks Investment Research downgraded Oxford Industries from a “strong buy” rating to a “hold” rating. Four research analysts have given the stock a hold rating and two with a buy rating. The stock has a consensus rating of “Hold” and a consensus price target of $ 116.33, according to MarketBeat.
NYSE: OXM shares opened at $ 100.54 on Thursday. The stock has a market capitalization of $ 1.70 billion, a price / earnings ratio of 29.83, and a beta of 1.72. Oxford Industries has a 1-year low of $ 54.67 and a 1-year high of $ 114.47. The company has a 50-day moving average price of $ 97.35 and a 200-day moving average price of $ 94.69.
Oxford Industries (NYSE: OXM) last released its quarterly results on Tuesday, December 7th. The textile maker reported $ 1.19 EPS for the quarter, beating Thomson Reuters’ consensus estimate of $ 0.29 by $ 0.90. The company had revenue of $ 247.73 million for the quarter, compared to the consensus estimate of $ 227.69 million. Oxford Industries had a net margin of 5.76% and a return on equity of 18.81%. The company’s quarterly revenue increased 41.5% year over year. In the same quarter last year, the company posted ($ 0.44) EPS. As a group, research analysts predict that Oxford Industries will generate earnings per share of 6.68 for the current fiscal year.
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Institutional investors recently added or reduced their stake in the company. Russell Investments Group Ltd. bought a new position in Oxford Industries stocks for $ 66,000 during the 2nd quarter. William Blair Investment Management LLC bought a new position in Oxford Industries shares for $ 130,000 in the second quarter. Dark Forest Capital Management LP increased its stake in Oxford Industries shares by 768.6% in the third quarter. Dark Forest Capital Management LP now owns 1,468 shares of the textile maker valued at $ 132,000 after buying an additional 1,299 shares last quarter. AQR Capital Management LLC bought a new position in Oxford Industries shares for $ 204,000 in the second quarter. Eventually, Texas-based Teacher Retirement System bought a new position in Oxford Industries stocks for $ 219,000 in the second quarter. Institutional investors and hedge funds own 84.37% of the company’s stock.
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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