Analysts Set Oxford Industries, Inc. (NYSE:OXM) PT at $110.60

Shares of Oxford Industries, Inc. (NYSE:OXM – Get Rating) have earned an average recommendation of “Moderate Buy” from the eight research firms that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $110.60.

OXM has been the subject of several research reports. KeyCorp assumed coverage on shares of Oxford Industries in a research report on Wednesday, July 20th. They set an “overweight” rating and a $110.00 price objective for the company. Citigroup increased their price target 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. Finally, Piper Sandler initiated coverage on shares of Oxford Industries in a research report on Friday, July 22nd. They issued an “overweight” rating and a $110.00 price target for the company.

Oxford Industries Stock Performance

Shares of OXM stock opened at $99.00 on Wednesday. Oxford Industries has a one year low of $76.21 and a one year high of $110.37. The company has a 50 day moving average price of $91.40 and a 200 day moving average price of $88.81. The firm has a market capitalization of $1.58 billion, a price-to-earnings ratio of 10.38 and a beta of 1.52.

Oxford Industries (NYSE:OXM – Get Rating) last posted its quarterly earnings data on Wednesday, June 8th. The textile maker reported $3.50 EPS for the quarter, beating analysts’ consensus estimates of $2.78 by $0.72. The firm 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 firm’s revenue was up 32.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.89 EPS. As a group, equities analysts forecast that Oxford Industries will post 9.87 EPS for the current fiscal year.

Oxford Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 29th. Stockholders of record on Friday, July 15th were given a dividend of $0.55 per share. The ex-dividend date was Thursday, July 14th. This represents a $2.20 annualized dividend and a dividend yield of 2.22%. Oxford Industries’s payout ratio is currently 23.06%.

Hedge Funds Weigh In On Oxford Industries

A number of large investors have recently bought and sold shares of the company. Byrne Asset Management LLC bought a new stake in shares of Oxford Industries during the 4th quarter worth approximately $30,000. Dixon Hughes Goodman Wealth Advisors LLC acquired a new stake in shares of Oxford Industries during the 4th quarter worth $51,000. Point72 Hong Kong Ltd grew its holdings in shares of Oxford Industries by 540.2% during the 4th quarter. Point72 Hong Kong Ltd now owns 557 shares of the textile maker’s stock worth $57,000 after purchasing an additional 470 shares in the last quarter. Focused Wealth Management Inc acquired a new stake in Oxford Industries in the first quarter valued at about $63,000. Finally, Advisor Group Holdings Inc. raised its position in Oxford Industries by 52.4% in the fourth quarter. Advisor Group Holdings Inc. now owns 672 shares of the textile maker’s stock valued at $68,000 after purchasing an additional 231 shares during the last quarter. Institutional investors and hedge funds own 87.97% of the company’s stock.

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.