Oxford Industries Inc. (OXM) Rating Increased to Buy at Zacks Investment Research
Oxford Industries Inc. (NYSE:OXM) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Saturday. The brokerage presently has a $77.00 price target on the stock. Zacks Investment Research’s target price would suggest a potential upside of 12.20% from the company’s previous close.
According to Zacks, “Oxford Industries Inc.’s primary business is the design, manufacture, marketing and sale of consumer apparel products in the popular to better price ranges. Substantially all of their distribution facilities, offices and customers are located in the United States. Oxford is organized into four operating groups that reflect four major product lines: Oxford Shirt Group, Lanier Clothes, Oxford Slacks and the Oxford Womenswear Group. “
A number of other equities analysts have also recently weighed in on the company. B. Riley reiterated a “buy” rating and set a $75.00 price target on shares of Oxford Industries in a report on Sunday, September 4th. Telsey Advisory Group increased their price target on Oxford Industries from $73.00 to $77.00 and gave the stock an “outperform” rating in a report on Thursday, September 1st. SunTrust Banks Inc. lowered their price target on Oxford Industries from $95.00 to $80.00 and set a “buy” rating for the company in a report on Wednesday, June 8th. Wunderlich increased their target price on Oxford Industries from $80.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, June 8th. Finally, Stephens reissued a “buy” rating on shares of Oxford Industries in a research note on Monday, June 6th. Eight analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and an average target price of $84.86.
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Oxford Industries (NYSE:OXM) opened at 68.63 on Friday. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of 19.15 and a beta of 0.61. The firm has a 50-day moving average price of $63.34 and a 200 day moving average price of $63.64. Oxford Industries has a 1-year low of $52.54 and a 1-year high of $82.44.
Oxford Industries (NYSE:OXM) last released its quarterly earnings results on Wednesday, August 31st. The company reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.10. The business earned $283 million during the quarter. Oxford Industries had a return on equity of 18.08% and a net margin of 5.95%. The business’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.32 earnings per share. On average, equities research analysts anticipate that Oxford Industries will post $3.78 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 28th. Shareholders of record on Friday, October 14th will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date is Wednesday, October 12th. Oxford Industries’s dividend payout ratio is currently 30.25%.
Large investors have recently bought and sold shares of the stock. Deprince Race & Zollo Inc. bought a new stake in Oxford Industries during the second quarter worth about $29,731,000. Emerald Acquisition Ltd. bought a new stake in Oxford Industries during the second quarter worth about $16,283,000. SG Capital Management LLC bought a new stake in Oxford Industries during the second quarter worth about $14,387,000. Norges Bank bought a new stake in Oxford Industries during the fourth quarter worth about $11,128,000. Finally, King Luther Capital Management Corp bought a new stake in Oxford Industries during the second quarter worth about $4,904,000. 87.37% of the stock is currently owned by institutional investors.
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 and Lilly Pulitzer lifestyle brands, as well as certain licensed and private label apparel products. The Company’s business is primarily operated through its Tommy Bahama, Lilly Pulitzer and Lanier Apparel operating groups.
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