Oxford Industries, Inc. (NYSE: OXM – get rating) hit a new 52-week high during midday trading on Tuesday after Piper Sandler raised its price target on the stock from $110.00 to $130.00. Piper Sandler currently has an overweight rating on the stock. Oxford Industries traded as high as $119.43 and was last traded at $118.42, with a volume of 1375 shares traded. The stock had previously closed at $115.74.
Other stock research analysts have also issued reports on the company. Citigroup raised its price target on Oxford Industries to $92.00 from $86.00 and gave the stock a “sell” rating in a research note on Thursday, June 9. KeyCorp began coverage of Oxford Industries in a research report on Wednesday, July 20. They set an “overweight” rating and a $110.00 price target for the company. One research analyst has rated the stock a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat data, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $114.60.
Institutional Negotiation of Oxford Industries
Several large investors have recently changed their holdings in OXM. Byrne Asset Management LLC purchased a new position in Oxford Industries during the fourth quarter for approximately $30,000. CM Bidwell & Associates Ltd. purchased a new position in Oxford Industries stock during the second quarter valued at approximately $34,000. Point72 Hong Kong Ltd increased its stake in Oxford Industries shares by 540.2% during the fourth quarter. Point72 Hong Kong Ltd now owns 557 shares of the textile maker valued at $57,000 after buying an additional 470 shares in the last quarter. Focused Wealth Management Inc purchased a new position in Oxford Industries during the first quarter valued at approximately $63,000. Finally, Advisor Group Holdings Inc. increased its stake in Oxford Industries by 52.4% in the fourth quarter. Advisor Group Holdings Inc. now owns 672 shares of the textile maker worth $68,000 after buying an additional 231 shares last quarter. Hedge funds and other institutional investors own 87.97% of the company’s shares.
Oxford Industries price performance
The company has a market cap of $1.87 billion, a PE ratio of 12.31, and a beta of 1.52. The company has a fifty day simple moving average of $95.69 and a two hundred day simple moving average of $90.84.
Oxford Industries (NYSE: OXM – get rating) last issued its quarterly earnings data on Wednesday, June 8. The textile maker reported earnings of $3.50 per share for the quarter, beating analyst consensus estimates of $2.78 by $0.72. The firm had revenue of $352.58 million during the quarter, compared to analyst expectations 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% year over year. During the same period of the previous year, the business recorded $1.89 EPS. On average, stock research analysts predict that Oxford Industries, Inc. will post 9.87 EPS for the current year.
Oxford Industries Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, July 29. Investors registered on Friday, July 15, received a dividend of $0.55 per share. The ex-dividend date was Thursday, July 14. This represents a dividend of $2.20 on an annualized basis and a yield of 1.87%. Oxford Industries payout ratio is 23.06%.
About Oxford Industries
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.
Receive news and ratings from Oxford Industries Daily – Enter your email address below to receive a concise daily summary of the latest news and ratings from analysts at Oxford Industries and related companies with MarketBeat.com’s FREE daily email newsletter.