Oxford Industries, Inc. (NYSE: OXM – get rating) earned an average “Moderate Buy” rating from the eight brokerages that currently cover the company, MarketBeat reports. One analyst rated the stock a sell rating, one issued a hold rating and five issued a buy rating on the company. The average 1-year target price among brokerage firms that have updated their equity hedge in the past year is $110.60.
Several research analysts recently weighed in on OXM’s stock. Piper Sandler began coverage of Oxford Industries in an investigative report on Friday, July 22. They issued an “overweight” rating and a $110.00 price target for the company. Truist Financial kicked off coverage of Oxford Industries in a research note on Thursday, April 7. They issued a “buy” rating and a $126.00 price target on the stock. StockNews.com cut Oxford Industries from a “strong buy” rating to a “buy” rating in a research note on Thursday, April 7. Citigroup raised its price target on Oxford Industries to $92.00 from $86.00 and gave the stock a “sell” rating in a research report Thursday, June 9. Finally, KeyCorp began coverage of Oxford Industries in an investigative report on Wednesday, July 20. They set an “overweight” rating and a $110.00 price target on the stock.
Oxford Industries shares fall 2.5%
NYSE OXM shares opened at $94.53 on Wednesday. The company has a market cap of $1.51 billion, a PE ratio of 9.91, and a beta of 1.52. Oxford Industries has a twelve month low of $76.21 and a twelve month high of $110.37. The company has a fifty day simple moving average of $90.80 and a two hundred day simple moving average of $88.68.
Oxford Industries (NYSE: OXM – get rating) last published its quarterly earnings results on Wednesday, June 8. The textile maker reported earnings per share of $3.50 in the quarter, beating the consensus estimate of $2.78 by $0.72. The business had revenue of $352.58 million for the quarter, compared to the consensus estimate of $329.03 million. Oxford Industries had a return on equity of 32.41% and a net margin of 13.04%. The company’s quarterly revenue increased 32.7% compared to the same quarter last year. During the same quarter of the prior year, the business earned $1.89 EPS. On average, research analysts expect Oxford Industries to post earnings per share of 9.87 for the current year.
Oxford Industries Announces Dividends
The company also recently declared a quarterly dividend, which was paid on Friday, July 29. Shareholders of record on Friday, July 15, were paid a dividend of $0.55 per share. This represents an annualized dividend of $2.20 and a dividend yield of 2.33%. The ex-dividend date was Thursday, July 14. Oxford Industries Dividend Payout Ratio (DPR) is 23.06%.
Institutional entrances and exits
Institutional investors have recently modified their share holdings. Byrne Asset Management LLC purchased a new position in Oxford Industries in the fourth quarter valued at $30,000. Dixon Hughes Goodman Wealth Advisors LLC purchased a new stake in Oxford Industries during the fourth quarter for $51,000. Point72 Hong Kong Ltd increased its position in Oxford Industries by 540.2% during the fourth quarter. Point72 Hong Kong Ltd now owns 557 shares of the textile manufacturer worth $57,000 after buying an additional 470 shares during the period. Focused Wealth Management Inc purchased a new position in Oxford Industries in the first quarter valued at around $63,000. Finally, Advisor Group Holdings Inc. boosted its position in Oxford Industries by 52.4% in the fourth quarter. Advisor Group Holdings Inc. now owns 672 shares of the textile maker valued at $68,000 after buying an additional 231 shares last quarter. Currently, 87.97% of the shares belong to institutional investors and hedge funds.
Oxford Industries company profile
Oxford Industries, Inc, an apparel company, designs, sources, markets and distributes lifestyle products and other brands throughout the world. The company offers men’s and women’s sportswear and related products under the Tommy Bahama brand; women’s and girls’ dresses and sportswear, scarves, handbags, jewelry and belts, as well as Lilly Pulitzer brand children’s footwear and apparel and swimwear; and shirts, pants, shorts, outerwear, ties, swimwear, footwear and accessories for men, as well as products for women and youth under the Southern Tide brand.
This instant news alert was powered by MarketBeat’s financial data and narrative science technology to provide readers with the fastest and most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Should I invest $1,000 in Oxford Industries right now?
Before you consider Oxford Industries, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated and top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market realizes it…and Oxford Industries wasn’t on the list.
While Oxford Industries currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here