Oxford Industries, Inc. (OXM) Upgraded to “Buy” by Zacks Investment Research
Zacks Investment Research upgraded shares of Oxford Industries, Inc. (NYSE:OXM) from a hold rating to a buy rating in a research note released on Saturday morning. The firm currently has $67.00 price objective on the textile maker’s stock.
According to Zacks, “Oxford Industries Inc.’s primary business is the design, manufacture, marketing and sale of consumer apparel products in the popular to better price ranges. Substantially all of their distribution facilities, offices and customers are located in the United States. Oxford is organized into four operating groups that reflect four major product lines: Oxford Shirt Group, Lanier Clothes, Oxford Slacks and the Oxford Womenswear Group. “
A number of other analysts also recently weighed in on OXM. B. Riley restated a buy rating and issued a $66.00 target price on shares of Oxford Industries in a report on Saturday, June 10th. BidaskClub downgraded shares of Oxford Industries from a buy rating to a hold rating in a report on Saturday, August 5th. FBR & Co restated a buy rating and issued a $75.00 target price on shares of Oxford Industries in a report on Tuesday, September 12th. DA Davidson cut shares of Oxford Industries from a buy rating to a neutral rating and set a $68.00 price target for the company. in a research note on Friday, September 8th. Finally, Telsey Advisory Group lifted their price target on shares of Oxford Industries from $53.00 to $58.00 and gave the stock a market perform rating in a research note on Wednesday, June 7th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Oxford Industries currently has a consensus rating of Buy and an average price target of $68.11.
Shares of Oxford Industries (NYSE OXM) opened at 60.16 on Friday. Oxford Industries has a 52-week low of $49.50 and a 52-week high of $76.19. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 20.80 and a beta of 0.36. The firm’s 50-day moving average is $60.61 and its 200 day moving average is $58.59.
Oxford Industries (NYSE:OXM) last posted its earnings results on Thursday, August 31st. The textile maker reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.01. Oxford Industries had a net margin of 4.64% and a return on equity of 13.56%. The firm had revenue of $284.70 million for the quarter, compared to the consensus estimate of $291.34 million. During the same period in the previous year, the firm posted $1.48 EPS. The business’s quarterly revenue was up .6% on a year-over-year basis. Equities analysts expect that Oxford Industries will post $3.59 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Friday, October 13th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Thursday, October 12th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.80%. Oxford Industries’s dividend payout ratio is presently 37.37%.
Hedge funds have recently added to or reduced their stakes in the stock. Kernodle & Katon Asset Management Group LLC purchased a new position in shares of Oxford Industries during the 1st quarter worth about $106,000. Pinebridge Investments L.P. boosted its position in Oxford Industries by 1.5% in the 2nd quarter. Pinebridge Investments L.P. now owns 1,977 shares of the textile maker’s stock valued at $124,000 after buying an additional 30 shares during the period. State of Alaska Department of Revenue boosted its position in Oxford Industries by 79.8% in the 2nd quarter. State of Alaska Department of Revenue now owns 2,966 shares of the textile maker’s stock valued at $185,000 after buying an additional 1,316 shares during the period. Mason Street Advisors LLC boosted its position in Oxford Industries by 7.0% in the 1st quarter. Mason Street Advisors LLC now owns 3,490 shares of the textile maker’s stock valued at $200,000 after buying an additional 229 shares during the period. Finally, Stifel Financial Corp purchased a new stake in Oxford Industries in the 2nd quarter valued at about $202,000. 86.55% of the stock is owned by hedge funds and other institutional investors.
Oxford Industries Company Profile
Oxford Industries, Inc is an apparel company. The Company designs, sources, markets and distributes products bearing the trademarks of its owned Tommy Bahama, Lilly Pulitzer and Southern Tide lifestyle brands, other owned brands and licensed brands, as well as private label apparel products. It distributes its lifestyle branded products through its direct to consumer channels, consisting of its Tommy Bahama and Lilly Pulitzer full-price retail stores and its e-commerce sites for Tommy Bahama, Lilly Pulitzer and Southern Tide, and through its wholesale distribution channels.
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