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

Oxford Industries, Inc. (NYSE:OXMGet Rating) has been given a consensus rating of “Moderate Buy” by the seven analysts that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $126.00.

Several equities research analysts recently issued reports on the company. Citigroup increased their price objective on Oxford Industries from $105.00 to $110.00 in a research note on Thursday, December 8th. CL King increased their price objective on Oxford Industries from $137.00 to $140.00 in a research note on Thursday, December 8th. Telsey Advisory Group increased their price objective on Oxford Industries from $115.00 to $125.00 and gave the stock a “market perform” rating in a research note on Thursday, December 8th. Finally, StockNews.com raised Oxford Industries from a “hold” rating to a “buy” rating in a research note on Thursday, December 8th.

Insiders Place Their Bets

In other news, Director Dennis M. Love sold 550 shares of the stock in a transaction dated Wednesday, December 28th. The stock was sold at an average price of $94.01, for a total transaction of $51,705.50. Following the transaction, the director now owns 17,992 shares of the company’s stock, valued at approximately $1,691,427.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Oxford Industries news, Director Dennis M. Love sold 550 shares of the firm’s stock in a transaction that occurred on Wednesday, December 28th. The stock was sold at an average price of $94.01, for a total value of $51,705.50. Following the sale, the director now owns 17,992 shares of the company’s stock, valued at approximately $1,691,427.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Dennis M. Love sold 523 shares of the firm’s stock in a transaction that occurred on Monday, December 19th. The shares were sold at an average price of $96.70, for a total value of $50,574.10. Following the completion of the sale, the director now directly owns 18,542 shares in the company, valued at approximately $1,793,011.40. The disclosure for this sale can be found here. Insiders have sold a total of 3,855 shares of company stock valued at $397,060 in the last three months. Insiders own 5.90% of the company’s stock.

Institutional Trading of Oxford Industries

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. C M Bidwell & Associates Ltd. bought a new stake in shares of Oxford Industries in the 2nd quarter worth approximately $34,000. UBS Group AG lifted its position in shares of Oxford Industries by 51.4% in the 3rd quarter. UBS Group AG now owns 501 shares of the textile maker’s stock worth $45,000 after acquiring an additional 170 shares during the period. Focused Wealth Management Inc bought a new stake in shares of Oxford Industries in the 3rd quarter worth approximately $67,000. Cullen Frost Bankers Inc. bought a new stake in shares of Oxford Industries in the 3rd quarter worth approximately $90,000. Finally, Lazard Asset Management LLC lifted its position in shares of Oxford Industries by 60.5% in the 1st quarter. Lazard Asset Management LLC now owns 1,112 shares of the textile maker’s stock worth $100,000 after acquiring an additional 419 shares during the period. Institutional investors and hedge funds own 92.94% of the company’s stock.

Oxford Industries Trading Up 1.8 %

Shares of NYSE OXM opened at $113.09 on Wednesday. Oxford Industries has a 12 month low of $76.21 and a 12 month high of $119.50. The company has a market cap of $1.78 billion, a price-to-earnings ratio of 11.71 and a beta of 1.51. The company has a quick ratio of 0.55, a current ratio of 1.30 and a debt-to-equity ratio of 0.24. The business has a fifty day simple moving average of $104.05 and a 200-day simple moving average of $99.42.

Oxford Industries (NYSE:OXMGet Rating) last announced its earnings results on Wednesday, December 7th. The textile maker reported $1.46 EPS for the quarter, beating the consensus estimate of $1.20 by $0.26. Oxford Industries had a return on equity of 32.35% and a net margin of 11.97%. The business had revenue of $313.03 million during the quarter, compared to the consensus estimate of $303.38 million. Sell-side analysts predict that Oxford Industries will post 10.74 EPS for the current year.

Oxford Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 27th. Shareholders of record on Friday, January 13th will be given a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 1.95%. The ex-dividend date of this dividend is Thursday, January 12th. Oxford Industries’s payout ratio is currently 22.77%.

About Oxford Industries

(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.

Recommended Stories

Analyst Recommendations for Oxford Industries (NYSE:OXM)

Receive News & Ratings for Oxford Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oxford Industries and related companies with MarketBeat.com's FREE daily email newsletter.