Zacks Investment Research upgraded shares of Oxford Industries (NYSE:OXM) from a hold rating to a buy rating in a research report released on Thursday, Zacks.com reports. Zacks Investment Research currently has $110.00 price target 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 equities research analysts have also issued reports on OXM. B. Riley lifted their price target on Oxford Industries from $106.00 to $120.00 and gave the stock a buy rating in a research note on Thursday. KeyCorp boosted their target price on Oxford Industries from $103.00 to $135.00 and gave the company an overweight rating in a research note on Thursday. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell boosted their target price on Oxford Industries from $90.00 to $112.00 and gave the company a neutral rating in a research note on Thursday. Citigroup boosted their target price on Oxford Industries from $90.00 to $112.00 and gave the company a neutral rating in a research note on Thursday. Finally, Telsey Advisory Group boosted their target price on Oxford Industries from $100.00 to $120.00 and gave the company a market perform rating in a research note on Thursday. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Oxford Industries presently has a consensus rating of Buy and a consensus price target of $118.17.
Oxford Industries (NYSE:OXM) last issued its quarterly earnings results on Tuesday, June 8th. The textile maker reported $1.89 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.83. Oxford Industries had a negative return on equity of 7.06% and a negative net margin of 12.78%. The firm had revenue of $265.76 million during the quarter, compared to analyst estimates of $233.07 million. During the same quarter in the previous year, the company posted ($1.12) earnings per share. The company’s revenue was up 65.7% compared to the same quarter last year. Research analysts anticipate that Oxford Industries will post 3.05 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, April 30th. Investors of record on Friday, April 16th were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend was Thursday, April 15th. This is an increase from Oxford Industries’s previous quarterly dividend of $0.25. Oxford Industries’s payout ratio is currently -81.77%.
In related news, EVP Thomas E. Campbell sold 5,000 shares of the business’s stock in a transaction dated Tuesday, March 30th. The stock was sold at an average price of $85.25, for a total transaction of $426,250.00. Following the transaction, the executive vice president now owns 41,388 shares in the company, valued at approximately $3,528,327. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 5.80% of the stock is owned by insiders.
Large investors have recently made changes to their positions in the stock. Fifth Third Bancorp increased its holdings in Oxford Industries by 71.8% during the 1st quarter. Fifth Third Bancorp now owns 335 shares of the textile maker’s stock valued at $29,000 after purchasing an additional 140 shares during the period. Veriti Management LLC purchased a new position in shares of Oxford Industries during the 4th quarter worth approximately $60,000. Arlington Partners LLC purchased a new position in shares of Oxford Industries during the 1st quarter worth approximately $64,000. Maverick Capital Ltd. purchased a new position in shares of Oxford Industries during the 1st quarter worth approximately $73,000. Finally, Captrust Financial Advisors grew its holdings in shares of Oxford Industries by 466.2% during the 1st quarter. Captrust Financial Advisors now owns 2,259 shares of the textile maker’s stock worth $197,000 after acquiring an additional 1,860 shares during the period. Institutional investors own 85.78% of the company’s stock.
Oxford Industries Company Profile
Oxford Industries, Inc, an apparel company, designs, sources, markets, and distributes products of lifestyle and other brands 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 and youth products under the Southern Tide brand.
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