Stock of 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 1,375 shares changing hands. The stock had previously closed at $115.74.
Other stock research analysts have also issued research reports on the stock. Citigroup raised its price target on Oxford Industries stock from $86.00 to $92.00 and gave the stock a “sell” rating in a report on Thursday, June 9. KeyCorp began coverage of Oxford Industries shares in a report on Wednesday, July 20. They set an “overweight” rating and a $110.00 price target on the stock. One research analyst has rated the stock a sell rating, one assigned a hold rating and five have issued a buy rating on the company. According to data from MarketBeat.com, Oxford Industries has a consensus rating of “Moderate Buy” and a consensus price target of $114.60.
Institutional entrances and exits
Several large investors have recently increased or decreased their holdings in OXM. Byrne Asset Management LLC acquired a new share of Oxford Industries stock in the fourth quarter valued at approximately $30,000. CM Bidwell & Associates Ltd. acquired a new share of Oxford Industries stock in the second quarter valued at approximately $34,000. Point72 Hong Kong Ltd increased its position in Oxford Industries shares by 540.2% in the fourth quarter. Point72 Hong Kong Ltd now owns 557 shares of the textile manufacturer valued at $57,000 after acquiring an additional 470 shares during the period. Focused Wealth Management Inc acquired a new share of Oxford Industries stock in the first quarter valued at approximately $63,000. Finally, Advisor Group Holdings Inc. increased its position in Oxford Industries shares by 52.4% in the fourth quarter. Advisor Group Holdings Inc. now owns 672 shares of the textile manufacturer valued at $68,000 after acquiring an additional 231 shares during the period. Currently, 87.97% of the shares belong to institutional investors and hedge funds.
Oxford Industries Stock Return
The stock has a market cap of $1.89 billion, a P/E ratio of 12.13 and a beta of 1.52. The company’s 50-day simple moving average is $95.12 and its 200-day simple moving average is $90.65.
Oxford Industries (NYSE: OXM – get rating) last announced its earnings results on Wednesday, June 8. The textile manufacturer reported $3.50 EPS for the quarter, beating the consensus estimate of $2.78 by $0.72. The company had revenue of $352.58 million for the quarter, compared to the consensus estimate of $329.03 million. Oxford Industries had a net margin of 13.04% and a return on equity of 32.41%. The company’s quarterly revenue increased 32.7% year over year. During the same period last year, the company posted $1.89 EPS. Analysts forecast Oxford Industries, Inc. to post earnings per share of 9.87 for the current year.
Oxford Industries Announces Dividends
The firm 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. The ex-dividend date of this dividend was Thursday, July 14. This represents an annualized dividend of $2.20 and a dividend yield of 1.86%. Oxford Industries’ dividend payout ratio is currently 23.06%.
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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