Oxford Industries, Inc. (NYSE:OXM – Get Rating) – Stock analysts at KeyCorp increased their Q3 2023 earnings estimates for Oxford Industries in a research note issued to investors on Monday, September 19th. KeyCorp analyst N. Zatzkin now anticipates that the textile maker will post earnings of $1.21 per share for the quarter, up from their prior estimate of $1.01. KeyCorp has a “Overweight” rating and a $120.00 price target on the stock. The consensus estimate for Oxford Industries’ current full-year earnings is $10.03 per share. KeyCorp also issued estimates for Oxford Industries’ FY2023 earnings at $10.54 EPS.
A number of other analysts also recently commented on OXM. Piper Sandler boosted their price objective on shares of Oxford Industries from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday. StockNews.com cut shares of Oxford Industries from a “buy” rating to a “hold” rating in a research report on Friday, September 2nd. Finally, Citigroup lifted their target price on shares of Oxford Industries from $86.00 to $92.00 and gave the stock a “sell” rating in a research report on Thursday, June 9th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $118.25.
Oxford Industries Trading Up 5.9 %
Oxford Industries (NYSE:OXM – Get Rating) last released its quarterly earnings data on Thursday, September 1st. The textile maker reported $3.61 EPS for the quarter, topping analysts’ consensus estimates of $3.48 by $0.13. The firm had revenue of $363.43 million for the quarter, compared to the consensus estimate of $363.92 million. Oxford Industries had a net margin of 13.09% and a return on equity of 32.27%. The firm’s revenue was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.24 earnings per share.
Oxford Industries Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 28th. Stockholders of record on Friday, October 14th will be given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date of this dividend is Thursday, October 13th. Oxford Industries’s dividend payout ratio is presently 22.04%.
Hedge Funds Weigh In On Oxford Industries
A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Oxford Industries by 5.4% in the first quarter. Vanguard Group Inc. now owns 2,041,686 shares of the textile maker’s stock valued at $184,773,000 after buying an additional 104,007 shares during the last quarter. Invesco Ltd. raised its position in shares of Oxford Industries by 8.0% in the first quarter. Invesco Ltd. now owns 862,286 shares of the textile maker’s stock valued at $78,036,000 after buying an additional 64,175 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Oxford Industries by 1.7% in the first quarter. Dimensional Fund Advisors LP now owns 659,720 shares of the textile maker’s stock valued at $59,705,000 after buying an additional 11,106 shares during the last quarter. State Street Corp raised its position in shares of Oxford Industries by 2.4% in the first quarter. State Street Corp now owns 534,551 shares of the textile maker’s stock valued at $48,377,000 after buying an additional 12,582 shares during the last quarter. Finally, GW&K Investment Management LLC raised its position in shares of Oxford Industries by 16.2% in the first quarter. GW&K Investment Management LLC now owns 428,832 shares of the textile maker’s stock valued at $38,809,000 after buying an additional 59,941 shares during the last quarter. Institutional investors and hedge funds own 93.03% 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 and swimwear 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.
- Get a free copy of the StockNews.com research report on Oxford Industries (OXM)
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