Zacks Investment Research upgraded shares of Oxford Industries (NYSE:OXM) from a hold rating to a buy rating in a research report released on Friday morning. The firm currently has $85.00 price objective on the textile maker’s stock.
According to Zacks, “Oxford Industries, Inc. is an apparel company which designs, sources, markets and distributes products bearing the trademarks of its owned and licensed brands. Oxford’s owned brands include Tommy Bahama®, Lilly Pulitzer®, Oxford Golf®, and Billy London®. The Company operates retail stores, internet websites and restaurants. The Company has granted licenses to select third parties to produce and sell certain product categories under its Tommy Bahama and Lilly Pulitzer brands. The Company also holds exclusive licenses to produce and sell certain product categories under the Kenneth Cole®, Geoffrey Beene®, and Dockers® labels. Oxford’s wholesale customers include department stores, specialty stores, national chains, warehouse clubs, and Internet retailers. “
Several other analysts also recently issued reports on OXM. B. Riley restated a buy rating on shares of Oxford Industries in a research report on Wednesday, November 1st. DA Davidson upgraded Oxford Industries from a neutral rating to a buy rating and set a $91.00 target price on the stock in a research report on Thursday. Needham & Company LLC set a $62.00 target price on Oxford Industries and gave the stock a buy rating in a research report on Monday, October 16th. FBR & Co reiterated a buy rating and set a $75.00 target price on shares of Oxford Industries in a research report on Tuesday, September 12th. Finally, Telsey Advisory Group increased their target price on Oxford Industries from $65.00 to $68.00 and gave the stock a market perform rating in a research report on Wednesday, December 6th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of $75.40.
Oxford Industries (NYSE:OXM) last issued its quarterly earnings data on Tuesday, December 5th. The textile maker reported $0.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.05. Oxford Industries had a return on equity of 14.26% and a net margin of 4.83%. The business had revenue of $236.00 million for the quarter, compared to the consensus estimate of $242.98 million. During the same period in the prior year, the business earned ($0.07) earnings per share. The business’s revenue was up 6.2% on a year-over-year basis. sell-side analysts forecast that Oxford Industries will post 3.67 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, February 2nd. Investors of record on Friday, January 19th will be given a dividend of $0.27 per share. The ex-dividend date is Thursday, January 18th. This represents a $1.08 annualized dividend and a yield of 1.36%. Oxford Industries’s dividend payout ratio (DPR) is presently 35.41%.
In related news, Director Dennis M. Love sold 1,500 shares of the stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $72.09, for a total transaction of $108,135.00. Following the transaction, the director now directly owns 17,002 shares in the company, valued at $1,225,674.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.29% of the company’s stock.
A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in Oxford Industries by 1.1% during the second quarter. Vanguard Group Inc. now owns 1,330,589 shares of the textile maker’s stock worth $83,148,000 after acquiring an additional 14,729 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Oxford Industries by 1.8% during the third quarter. Dimensional Fund Advisors LP now owns 787,398 shares of the textile maker’s stock worth $50,031,000 after acquiring an additional 13,830 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Oxford Industries by 5.4% during the second quarter. Bank of New York Mellon Corp now owns 612,624 shares of the textile maker’s stock worth $38,283,000 after acquiring an additional 31,195 shares during the last quarter. Schroder Investment Management Group increased its stake in Oxford Industries by 14.1% during the third quarter. Schroder Investment Management Group now owns 387,778 shares of the textile maker’s stock worth $24,415,000 after acquiring an additional 47,842 shares during the last quarter. Finally, State Street Corp increased its stake in Oxford Industries by 2.9% during the second quarter. State Street Corp now owns 363,263 shares of the textile maker’s stock worth $22,694,000 after acquiring an additional 10,184 shares during the last quarter. Institutional investors own 89.06% of the company’s stock.
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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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