Oxford Industries, Inc. (NYSE:OXM) Given Average Rating of “Moderate Buy” by Brokerages

Oxford Industries, Inc. (NYSE:OXMGet Rating) has been assigned a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $121.50.

A number of equities research analysts have recently weighed in on the company. Piper Sandler raised their price target on Oxford Industries from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Tuesday. StockNews.com downgraded Oxford Industries from a “buy” rating to a “hold” rating in a research note on Friday, September 2nd. Citigroup raised Oxford Industries from a “sell” rating to a “neutral” rating and raised their price target for the stock from $92.00 to $105.00 in a research note on Wednesday. Finally, KeyCorp raised their price target on Oxford Industries from $110.00 to $120.00 and gave the stock an “overweight” rating in a research note on Friday, September 2nd.

Oxford Industries Trading Down 3.3 %

Shares of Oxford Industries stock opened at $92.19 on Thursday. The stock has a 50-day moving average price of $99.04 and a 200 day moving average price of $92.45. 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 1 year low of $76.21 and a 1 year high of $119.50.

Oxford Industries (NYSE:OXMGet Rating) last announced its quarterly earnings data on Thursday, September 1st. The textile maker reported $3.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.48 by $0.13. The firm had revenue of $363.43 million during the quarter, compared to the consensus estimate of $363.92 million. Oxford Industries had a return on equity of 32.27% and a net margin of 13.09%. The business’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period in the prior year, the business earned $3.24 EPS. On average, equities analysts forecast that Oxford Industries will post 10.03 earnings per share for the current fiscal year.

Oxford Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 28th. Investors of record on Friday, October 14th will be paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date is Thursday, October 13th. Oxford Industries’s payout ratio is 22.04%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Byrne Asset Management LLC acquired a new stake in Oxford Industries in the 4th quarter valued at approximately $30,000. C M Bidwell & Associates Ltd. acquired a new stake in Oxford Industries in the 2nd quarter valued at approximately $34,000. Point72 Hong Kong Ltd grew its holdings in Oxford Industries by 540.2% in the 4th quarter. Point72 Hong Kong Ltd now owns 557 shares of the textile maker’s stock valued at $57,000 after buying an additional 470 shares during the last quarter. Focused Wealth Management Inc acquired a new stake in Oxford Industries in the 1st quarter valued at approximately $63,000. Finally, Advisor Group Holdings Inc. grew its holdings in Oxford Industries by 52.4% in the 4th quarter. Advisor Group Holdings Inc. now owns 672 shares of the textile maker’s stock valued at $68,000 after buying an additional 231 shares during the last quarter. 93.03% of the stock is owned by institutional investors.

Oxford Industries Company Profile

(Get Rating)

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.

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