Shares of Oxford Industries Inc (NYSE:OXM) have been assigned an average recommendation of “Buy” from the eight analysts that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $83.33.
Several equities analysts have issued reports on OXM shares. Telsey Advisory Group dropped their price objective on shares of Oxford Industries from $82.00 to $78.00 and set a “market perform” rating on the stock in a research note on Monday, June 10th. Zacks Investment Research cut shares of Zai Lab from a “buy” rating to a “hold” rating in a research note on Saturday, June 15th. ValuEngine raised shares of Zillow Group from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, Citigroup started coverage on shares of Oxford Industries in a research note on Tuesday, April 16th. They issued a “buy” rating on the stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Mason Street Advisors LLC grew its stake in shares of Oxford Industries by 3.4% during the 1st quarter. Mason Street Advisors LLC now owns 5,445 shares of the textile maker’s stock worth $410,000 after purchasing an additional 181 shares during the period. Legal & General Group Plc grew its stake in shares of Oxford Industries by 0.5% during the 4th quarter. Legal & General Group Plc now owns 39,612 shares of the textile maker’s stock worth $2,810,000 after purchasing an additional 196 shares during the period. Piedmont Investment Advisors Inc. grew its stake in shares of Oxford Industries by 6.4% during the 1st quarter. Piedmont Investment Advisors Inc. now owns 4,286 shares of the textile maker’s stock worth $323,000 after purchasing an additional 256 shares during the period. Comerica Bank grew its stake in shares of Oxford Industries by 0.7% during the 1st quarter. Comerica Bank now owns 56,159 shares of the textile maker’s stock worth $4,409,000 after purchasing an additional 373 shares during the period. Finally, Texas Permanent School Fund grew its stake in shares of Oxford Industries by 3.8% during the 1st quarter. Texas Permanent School Fund now owns 11,511 shares of the textile maker’s stock worth $866,000 after purchasing an additional 418 shares during the period. 92.72% of the stock is currently owned by institutional investors.
Oxford Industries (NYSE:OXM) last released its quarterly earnings results on Wednesday, June 12th. The textile maker reported $1.30 EPS for the quarter, beating the consensus estimate of $1.21 by $0.09. Oxford Industries had a net margin of 6.03% and a return on equity of 15.43%. The firm had revenue of $282.00 million during the quarter, compared to the consensus estimate of $276.75 million. During the same quarter in the prior year, the firm earned $1.28 EPS. Oxford Industries’s revenue for the quarter was up 3.4% on a year-over-year basis. Analysts predict that Oxford Industries will post 4.57 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 2nd. Shareholders of record on Friday, July 19th will be paid a $0.37 dividend. The ex-dividend date is Thursday, July 18th. This represents a $1.48 annualized dividend and a yield of 2.12%. Oxford Industries’s dividend payout ratio is currently 34.26%.
About Oxford Industries
Oxford Industries, Inc, an apparel company, designs, sources, markets, and distributes products of company owned and licensed brands, and private labels apparel products 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 under the Lilly Pulitzer brand; and men's shirts, pants, shorts, outerwear, ties, swimwear, footwear, and accessories, as well as women's products under the Southern Tide brand.
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