Oxford Industries, Inc. (NYSE:OXM) – Analysts at DA Davidson upped their Q3 2019 earnings estimates for Oxford Industries in a report released on Thursday, according to Zacks Investment Research. DA Davidson analyst A. Burns now anticipates that the textile maker will post earnings of $0.19 per share for the quarter, up from their previous forecast of $0.16. DA Davidson currently has a “Buy” rating and a $91.00 price target on the stock. DA Davidson also issued estimates for Oxford Industries’ Q4 2019 earnings at $1.06 EPS.
Several other equities research analysts also recently commented on OXM. B. Riley reaffirmed a “buy” rating on shares of Oxford Industries in a report on Wednesday, November 1st. SunTrust Banks upped their target price on Oxford Industries to $90.00 and gave the company a “buy” rating in a report on Tuesday, January 9th. Zacks Investment Research downgraded Oxford Industries from a “buy” rating to a “hold” rating in a report on Wednesday, September 27th. Finally, Needham & Company LLC set a $62.00 target price on Oxford Industries and gave the company a “buy” rating in a report on Monday, October 16th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Oxford Industries has a consensus rating of “Buy” and a consensus target price of $77.80.
Oxford Industries (NYSE:OXM) last announced its earnings results on Tuesday, December 5th. The textile maker reported $0.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.05. Oxford Industries had a return on equity of 14.26% and a net margin of 4.83%. The business had revenue of $236.00 million during the quarter, compared to analysts’ expectations of $242.98 million. During the same quarter last year, the business posted ($0.07) earnings per share. The company’s quarterly revenue was up 6.2% on a year-over-year basis.
Institutional investors and hedge funds have recently bought and sold shares of the company. California Public Employees Retirement System raised its stake in shares of Oxford Industries by 3.4% during the 2nd quarter. California Public Employees Retirement System now owns 58,300 shares of the textile maker’s stock worth $3,643,000 after purchasing an additional 1,900 shares in the last quarter. Bessemer Group Inc. raised its stake in shares of Oxford Industries by 109,500.0% during the 3rd quarter. Bessemer Group Inc. now owns 21,920 shares of the textile maker’s stock worth $1,393,000 after purchasing an additional 21,900 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Oxford Industries by 60.9% during the 2nd quarter. Goldman Sachs Group Inc. now owns 44,747 shares of the textile maker’s stock worth $2,796,000 after purchasing an additional 16,943 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Oxford Industries by 1.1% during the 2nd quarter. Vanguard Group Inc. now owns 1,330,589 shares of the textile maker’s stock worth $83,148,000 after purchasing an additional 14,729 shares in the last quarter. Finally, Prudential Financial Inc. raised its stake in shares of Oxford Industries by 133.6% during the 3rd quarter. Prudential Financial Inc. now owns 88,781 shares of the textile maker’s stock worth $5,641,000 after purchasing an additional 50,770 shares in the last quarter. 89.06% of the stock is owned by institutional investors.
In related news, insider James Wesley Howard, Jr. sold 4,750 shares of the stock in a transaction dated Wednesday, January 10th. The stock was sold at an average price of $80.25, for a total value of $381,187.50. Following the completion of the sale, the insider now directly owns 6,204 shares of the company’s stock, valued at approximately $497,871. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Dennis M. Love sold 1,500 shares of the stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $72.09, for a total value of $108,135.00. Following the completion of the sale, the director now directly owns 17,002 shares of the company’s stock, valued at $1,225,674.18. The disclosure for this sale can be found here. 3.29% of the stock is currently owned by corporate insiders.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 2nd. Investors of record on Friday, January 19th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend is Thursday, January 18th. Oxford Industries’s dividend payout ratio is currently 34.07%.
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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.
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