Analysts Set Oxford Industries, Inc. (OXM) Target Price at $66.86

Shares of Oxford Industries, Inc. (NYSE:OXM) have received a consensus recommendation of “Buy” from the eleven research firms that are currently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $66.86.

OXM has been the subject of a number of analyst reports. FBR & Co reaffirmed a “buy” rating and set a $75.00 target price on shares of Oxford Industries in a research note on Tuesday, September 12th. Zacks Investment Research raised shares of Oxford Industries from a “hold” rating to a “buy” rating and set a $71.00 target price for the company in a research note on Thursday, September 7th. Needham & Company LLC decreased their target price on shares of Oxford Industries from $68.00 to $62.00 and set a “buy” rating for the company in a research note on Friday, September 1st. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $66.00 target price on shares of Oxford Industries in a research note on Tuesday, October 24th. Finally, B. Riley reaffirmed a “buy” rating on shares of Oxford Industries in a research note on Wednesday, November 1st.

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Several institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. increased its position in shares of Oxford Industries by 97,941.6% during the first quarter. BlackRock Inc. now owns 1,957,890 shares of the textile maker’s stock valued at $112,110,000 after acquiring an additional 1,955,893 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Oxford Industries by 1.1% during the second quarter. Vanguard Group Inc. now owns 1,330,589 shares of the textile maker’s stock valued at $83,148,000 after acquiring an additional 14,729 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Oxford Industries by 1.8% during the third quarter. Dimensional Fund Advisors LP now owns 787,398 shares of the textile maker’s stock valued at $50,031,000 after acquiring an additional 13,830 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Oxford Industries by 5.4% during the second quarter. Bank of New York Mellon Corp now owns 612,624 shares of the textile maker’s stock valued at $38,283,000 after acquiring an additional 31,195 shares in the last quarter. Finally, Schroder Investment Management Group increased its position in shares of Oxford Industries by 14.1% during the third quarter. Schroder Investment Management Group now owns 387,778 shares of the textile maker’s stock valued at $24,415,000 after acquiring an additional 47,842 shares in the last quarter. 86.91% of the stock is owned by institutional investors.

Oxford Industries (NYSE:OXM) traded down $0.17 during mid-day trading on Friday, reaching $63.06. 66,900 shares of the company were exchanged, compared to its average volume of 164,139. Oxford Industries has a 12 month low of $49.50 and a 12 month high of $76.19. The company has a market capitalization of $1,063.96, a P/E ratio of 20.27, a P/E/G ratio of 1.75 and a beta of 0.37. The company has a current ratio of 1.68, a quick ratio of 0.70 and a debt-to-equity ratio of 0.09.

Oxford Industries (NYSE:OXM) last released its quarterly earnings results on Thursday, August 31st. The textile maker reported $1.44 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.43 by $0.01. Oxford Industries had a net margin of 4.64% and a return on equity of 13.56%. The company had revenue of $284.70 million during the quarter, compared to the consensus estimate of $291.34 million. During the same period in the prior year, the firm earned $1.48 earnings per share. Oxford Industries’s revenue was up .6% on a year-over-year basis. equities research analysts anticipate that Oxford Industries will post 3.62 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, October 27th. Shareholders of record on Friday, October 13th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend was Thursday, October 12th. Oxford Industries’s dividend payout ratio is 37.37%.

Oxford Industries Company Profile

Oxford Industries, Inc is an apparel company. The Company designs, sources, markets and distributes products bearing the trademarks of its owned Tommy Bahama, Lilly Pulitzer and Southern Tide lifestyle brands, other owned brands and licensed brands, as well as private label apparel products. It distributes its lifestyle branded products through its direct to consumer channels, consisting of its Tommy Bahama and Lilly Pulitzer full-price retail stores and its e-commerce sites for Tommy Bahama, Lilly Pulitzer and Southern Tide, and through its wholesale distribution channels.

Analyst Recommendations for Oxford Industries (NYSE:OXM)

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