B. Riley initiated coverage on shares of Oxford Industries (NYSE:OXM) in a report published on Friday, Marketbeat.com reports. The firm issued a buy rating and a $84.00 price target on the textile maker’s stock.
Other equities research analysts also recently issued reports about the stock. FBR & Co reaffirmed a buy rating and set a $75.00 price objective on shares of Oxford Industries in a report on Tuesday, September 12th. Zacks Investment Research raised shares of Oxford Industries from a hold rating to a buy rating and set a $68.00 price objective on the stock in a report on Friday, September 15th. Needham & Company LLC dropped their price objective on shares of Oxford Industries from $68.00 to $62.00 and set a buy rating on the stock in a report on Friday, September 1st. SunTrust Banks reaffirmed a buy rating and set a $66.00 price objective on shares of Oxford Industries in a report on Tuesday, October 24th. Finally, KeyCorp reaffirmed a buy rating and set a $78.00 price objective on shares of Oxford Industries in a report on Friday, November 24th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of $73.00.
Oxford Industries (NYSE OXM) opened at $74.70 on Friday. The firm has a market cap of $1,247.84, a PE ratio of 24.49, a P/E/G ratio of 2.02 and a beta of 0.39. The company has a current ratio of 1.99, a quick ratio of 0.91 and a debt-to-equity ratio of 0.18. Oxford Industries has a 1 year low of $49.50 and a 1 year high of $75.08.
The company also recently declared a quarterly dividend, which will be paid on Friday, February 2nd. Stockholders of record on Friday, January 19th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date is Thursday, January 18th. Oxford Industries’s payout ratio is 35.41%.
In other news, Director Dennis M. Love sold 1,500 shares of the stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $72.09, for a total value of $108,135.00. Following the sale, the director now directly owns 17,002 shares of the company’s stock, valued at $1,225,674.18. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 3.29% of the company’s stock.
Several institutional investors have recently made changes to their positions in OXM. Pinebridge Investments L.P. raised its stake in Oxford Industries by 1.5% in the second quarter. Pinebridge Investments L.P. now owns 1,977 shares of the textile maker’s stock valued at $124,000 after purchasing an additional 30 shares in the last quarter. Stifel Financial Corp purchased a new stake in Oxford Industries in the second quarter valued at approximately $202,000. Piedmont Investment Advisors LLC purchased a new stake in Oxford Industries in the second quarter valued at approximately $203,000. Macquarie Group Ltd. purchased a new stake in Oxford Industries in the third quarter valued at approximately $205,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new stake in Oxford Industries in the third quarter valued at approximately $222,000. 89.06% of the stock is currently owned by hedge funds and other institutional investors.
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About Oxford Industries
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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