Stock of Oxford Industries, Inc. (NYSE:OXM – get rating) have received a “Moderate Buy” consensus rating from the six research firms that currently cover the firm, reports Marketbeat Ratings. Two equity research analysts rated the stock a hold rating and four issued a buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the past year is $121.50.
Several stock research analysts have weighed in on OXM’s stock. Piper Sandler raised her price target on Oxford Industries from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday. StockNews.com downgraded Oxford Industries from a “buy” rating to a “hold” rating in a research report on Friday, September 2. Citigroup raised Oxford Industries from a “sell” rating to a “neutral” rating and raised its price target on the stock to $105.00 from $92.00 in a research report on Wednesday. Ultimately, KeyCorp raised its price target on Oxford Industries from $110.00 to $120.00 and gave the company an “overweight” rating in a report on Friday, September 2.
Institutional entrances and exits
Large investors have recently changed their holdings in the business. Advisor Group Holdings Inc. increased its stake in Oxford Industries by 52.4% during 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. Teacher Retirement System of Texas increased its stake in Oxford Industries by 18.6% during the fourth quarter. Teacher Retirement System of Texas now owns 3,226 shares of the textile manufacturer valued at $328,000 after buying an additional 505 shares last quarter. Citigroup Inc. increased its stake in Oxford Industries by 30.4% during the fourth quarter. Citigroup Inc. now owns 15,429 shares of the textile maker valued at $1,566,000 after buying an additional 3,597 shares last quarter. JPMorgan Chase & Co. increased its stake in Oxford Industries by 12.8% during the fourth quarter. JPMorgan Chase & Co. now owns 88,485 shares of the textile maker valued at $8,984,000 after buying an additional 10,021 shares last quarter. Finally, Invesco Ltd. increased its stake in Oxford Industries by 46.5% during the fourth quarter. Invesco Ltd. now owns 798,111 shares of the textile maker valued at $81,025,000 after buying an additional 253,479 shares last quarter. 93.03% of the shares are owned by institutional investors and hedge funds.
Oxford Industries trades down 3.3%
OXM shares opened at $92.19 on Thursday. The company has a market cap of $1.47 billion, a P/E ratio of 9.24, and a beta of 1.45. Oxford Industries has a 12 month minimum of $76.21 and a 12 month maximum of $119.50. The stock’s 50-day simple moving average is $99.04 and its 200-day simple moving average is $92.45.
Oxford Industries (NYSE: OXM – get rating) last published its quarterly earnings results on Thursday, September 1. The textile manufacturer reported earnings per share (EPS) of $3.61 for the quarter, beating the consensus estimate of $3.48 by $0.13. Oxford Industries had a return on equity of 32.27% and a net margin of 13.09%. The business had revenue of $363.43 million in the quarter, compared to analyst estimates of $363.92 million. During the same period of the previous year, the company recorded $3.24 EPS. Business revenue increased 10.6% compared to the same quarter last year. On average, research analysts forecast Oxford Industries to post 10.03 EPS for the current fiscal year.
Oxford Industries Announces Dividends
The firm also recently declared a quarterly dividend, to be paid on Friday, October 28. Shareholders of record on Friday, October 14 will receive a dividend of $0.55 per share. This represents a dividend of $2.20 on an annualized basis and a dividend yield of 2.39%. The ex-dividend date of this dividend is Thursday, October 13. Oxford Industries Dividend Payout Ratio (DPR) is 22.04%.
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 footwear and apparel for children 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.
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