Oxford Industries (NYSE: OXM) updated its earnings forecast for the fourth quarter of 2021 on Thursday. The company reported earnings per share of $ 1.120 to $ 1.270 for the period. The company released -.Oxford Industries’ revenue forecast and also updated its forecast for fiscal year 2021 to $ 6,450- $ 6,700 EPS.
A number of analysts recently released reports on the stock. Zacks Investment Research upgraded Oxford Industries’ shares from a hold rating to a buy rating and set a price target of $ 104.00 for the company in a research note on Thursday, August 26th. B. Riley raised his target price on Oxford Industries shares from $ 106.00 to $ 120.00 and gave the company a buy rating in a research note on Thursday, June 10th. Telsey Advisory Group lowered its price target on Oxford Industries shares from $ 120.00 to $ 115.00 and set a market performance assessment for the company in a research report on Friday, September 3rd. KeyCorp raised its price target on Oxford Industries shares from USD 103.00 to USD 135.00 and rated the company as overweight in a research report on Thursday June 10th. Finally, TheStreet upgraded the shares of Oxford Industries from ac-rating to ab-rating in a research report on Thursday, September 2nd. Three research analysts have given the share a hold rating and three have given it a buy rating. Based on data from MarketBeat.com, Oxford Industries has a consensus rating of Buy and an average price target of $ 116.33.
OXM rose $ 2.72 on Thursday to hit $ 92.12. 674 shares of the company were traded in the hands, compared to an average volume of 110,382. Oxford Industries has an annual low of $ 37.89 and an annual high of $ 114.47. The company has a fifty day simple moving average of $ 91.78 and a two hundred day simple moving average of $ 91.19. The company has a market cap of $ 1.56 billion, a P / E of -1,788.00, and a beta of 1.82.
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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. Oxford Industries had a negative net margin of 0.05% and a positive return on equity of 4.84%. The company had revenue of $ 328.70 million for the quarter, compared to analyst estimates of $ 308.19 million. For the same quarter last year, the company had earnings per share ($ 0.38). The company’s revenue increased 71.2% year over year for the quarter. Research analysts for stocks expect Oxford Industries to post earnings per share of 5.11 for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 29th. Investors registered on Friday, October 15, will receive a dividend of $ 0.42 per share. The ex-dividend date is Thursday October 14th. This equates to an annual dividend of $ 1.68 and a yield of 1.82%. Oxford Industries’ payout ratio is -92.82%.
In related news, EVP Scott Grassmyer sold 1,000 shares of Oxford Industries 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. Upon completion of the sale, the executive vice president now owns 35,097 shares in the company valued at approximately $ 3,528,652.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 5.80% of the company’s shares.
An institutional investor recently increased its position in Oxford Industries stocks. Morgan Stanley increased its stake in Oxford Industries, Inc. (NYSE: OXM) shares by 100.9% in the second quarter, according to its most recent filing with the SEC. The company owned 86,443 shares in the textile maker after buying an additional 43,420 shares during the reporting period. Morgan Stanley owned 0.51% of Oxford Industries worth $ 8,545,000 at the end of the most recent reporting period. 79.40% of the shares are owned by institutional investors.
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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