Shares of Oxford Industries, Inc. (NYSE:OXM – Get Rating) have been given a consensus rating of “Hold” by the six research firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $111.00.
OXM has been the subject of several research reports. StockNews.com cut Oxford Industries from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 7th. Truist Financial started coverage on Oxford Industries in a report on Thursday, April 7th. They issued a “buy” rating and a $126.00 price target for the company. Finally, Citigroup boosted their price target on Oxford Industries from $86.00 to $92.00 and gave the stock a “sell” rating in a report on Thursday, June 9th.
Hedge funds have recently bought and sold shares of the business. Byrne Asset Management LLC purchased a new stake in Oxford Industries during the fourth quarter valued at about $30,000. First Quadrant L P CA purchased a new stake in Oxford Industries during the fourth quarter valued at about $39,000. Dixon Hughes Goodman Wealth Advisors LLC purchased a new stake in Oxford Industries during the fourth quarter valued at about $51,000. Point72 Hong Kong Ltd boosted its position in shares of Oxford Industries by 540.2% in the fourth quarter. Point72 Hong Kong Ltd now owns 557 shares of the textile maker’s stock worth $57,000 after buying an additional 470 shares during the period. Finally, Advisor Group Holdings Inc. boosted its position in shares of Oxford Industries by 52.4% in the fourth quarter. Advisor Group Holdings Inc. now owns 672 shares of the textile maker’s stock worth $68,000 after buying an additional 231 shares during the period. 87.97% of the stock is owned by hedge funds and other institutional investors.
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Shares of NYSE:OXM opened at $88.48 on Friday. The business has a fifty day moving average of $88.59 and a two-hundred day moving average of $89.57. The stock has a market cap of $1.41 billion, a P/E ratio of 9.27 and a beta of 1.55. Oxford Industries has a 52-week low of $76.21 and a 52-week high of $110.37.
Oxford Industries (NYSE:OXM – Get Rating) last released its quarterly earnings results on Wednesday, June 8th. The textile maker reported $3.50 earnings per share for the quarter, topping analysts’ consensus estimates of $2.78 by $0.72. Oxford Industries had a return on equity of 32.41% and a net margin of 13.04%. The business had revenue of $352.58 million during the quarter, compared to analysts’ expectations of $329.03 million. During the same period in the prior year, the business posted $1.89 EPS. The company’s revenue was up 32.7% compared to the same quarter last year. Analysts predict that Oxford Industries will post 9.88 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 29th. Investors of record on Friday, July 15th will be paid a $0.55 dividend. The ex-dividend date is Thursday, July 14th. This represents a $2.20 annualized dividend and a yield of 2.49%. Oxford Industries’s payout ratio is currently 23.06%.
About Oxford Industries (Get Rating)
Oxford Industries, Inc, an apparel company, designs, sources, markets, and distributes products of lifestyle and other brands worldwide. The company offers men’s and women’s sportswear and related products under the Tommy Bahama brand; women’s and girl’s dresses and sportswear, scarves, bags, jewelry, and belts, as well as footwear and children’s apparel and swimwear under the Lilly Pulitzer brand; and men’s shirts, pants, shorts, outerwear, ties, swimwear, footwear, and accessories, as well as women and youth products under the Southern Tide brand.
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Source: marketbeat.com
