Oxford Industries, Inc. (NYSE:OXM) – Investment analysts at KeyCorp lifted their Q2 2019 earnings estimates for shares of Oxford Industries in a research note issued to investors on Wednesday. KeyCorp analyst E. Yruma now anticipates that the textile maker will earn $1.80 per share for the quarter, up from their prior forecast of $1.54. KeyCorp currently has a “Buy” rating and a $78.00 price target on the stock. KeyCorp also issued estimates for Oxford Industries’ Q3 2019 earnings at $0.20 EPS and FY2019 earnings at $4.62 EPS.
Several other equities analysts have also commented on OXM. Zacks Investment Research raised shares of Oxford Industries from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a report on Friday, January 5th. SunTrust Banks increased their target price on shares of Oxford Industries to $90.00 and gave the company a “buy” rating in a report on Tuesday, January 9th. B. Riley reaffirmed a “buy” rating and set a $84.00 target price on shares of Oxford Industries in a report on Tuesday, January 9th. DA Davidson raised shares of Oxford Industries from a “neutral” rating to a “buy” rating and set a $91.00 target price on the stock in a report on Thursday, January 4th. Finally, Telsey Advisory Group increased their target price on shares of Oxford Industries from $58.00 to $65.00 and gave the company a “market perform” rating in a report on Thursday, November 30th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $77.80.
Oxford Industries (NYSE:OXM) last issued its quarterly earnings results on Tuesday, December 5th. The textile maker reported $0.17 EPS for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.05. The firm had revenue of $236.00 million for the quarter, compared to analyst estimates of $242.98 million. Oxford Industries had a net margin of 4.83% and a return on equity of 14.26%. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.07) EPS.
A number of institutional investors and hedge funds have recently made changes to their positions in OXM. Pinebridge Investments L.P. boosted its position in Oxford Industries by 1.5% during 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. Stifel Financial Corp purchased a new stake in Oxford Industries during the 2nd quarter valued at $202,000. Piedmont Investment Advisors LLC purchased a new stake in Oxford Industries during the 2nd quarter valued at $203,000. Macquarie Group Ltd. purchased a new stake in Oxford Industries during the 3rd quarter valued at $205,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new stake in Oxford Industries during the 3rd quarter valued at $222,000. 89.06% of the stock is owned by institutional investors and hedge funds.
In other Oxford Industries news, insider James Wesley Howard, Jr. sold 4,750 shares of the stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $80.25, for a total transaction of $381,187.50. Following the completion of the sale, the insider now owns 6,204 shares of the company’s stock, valued at approximately $497,871. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Dennis M. Love sold 1,500 shares of the stock in a transaction on Friday, December 8th. The shares were sold at an average price of $72.09, for a total transaction of $108,135.00. Following the sale, the director now directly owns 17,002 shares of the company’s stock, valued at approximately $1,225,674.18. The disclosure for this sale can be found here. 3.29% of the stock is currently owned by company insiders.
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 issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend is Thursday, January 18th. Oxford Industries’s dividend payout ratio is currently 34.07%.
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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