According to Zacks, “Oxford Industries, Inc. is an apparel company which designs, sources, markets and distributes products bearing the trademarks of its owned and licensed brands. Oxford’s owned brands include Tommy Bahama®, Lilly Pulitzer®, Oxford Golf®, and Billy London®. The Company operates retail stores, internet websites and restaurants. The Company has granted licenses to select third parties to produce and sell certain product categories under its Tommy Bahama and Lilly Pulitzer brands. The Company also holds exclusive licenses to produce and sell certain product categories under the Kenneth Cole®, Geoffrey Beene®, and Dockers® labels. Oxford’s wholesale customers include department stores, specialty stores, national chains, warehouse clubs, and Internet retailers. “
OXM has been the topic of a number of other reports. Telsey Advisory Group reduced their price target on shares of Oxford Industries from $82.00 to $78.00 and set a market perform rating on the stock in a research report on Monday, June 10th. Citigroup started coverage on shares of Oxford Industries in a research report on Tuesday, April 16th. They set a buy rating on the stock. Finally, ValuEngine raised shares of Oxford Industries from a sell rating to a hold rating in a research report on Friday, August 2nd. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Oxford Industries has a consensus rating of Buy and a consensus target price of $86.00.
Oxford Industries (NYSE:OXM) last announced its quarterly earnings data on Wednesday, June 12th. The textile maker reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.09. The firm had revenue of $282.00 million for the quarter, compared to analysts’ expectations of $276.75 million. Oxford Industries had a net margin of 6.03% and a return on equity of 15.43%. The business’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period last year, the firm earned $1.28 earnings per share. As a group, sell-side analysts predict that Oxford Industries will post 4.57 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 2nd. Investors of record on Friday, July 19th were issued a dividend of $0.37 per share. The ex-dividend date of this dividend was Thursday, July 18th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.24%. Oxford Industries’s payout ratio is 34.26%.
Large investors have recently modified their holdings of the stock. Verition Fund Management LLC bought a new stake in shares of Oxford Industries during the 2nd quarter worth about $572,000. Nuveen Asset Management LLC bought a new stake in shares of Oxford Industries during the 2nd quarter worth about $5,405,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of Oxford Industries by 7.8% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 4,586 shares of the textile maker’s stock worth $348,000 after buying an additional 330 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Oxford Industries by 38.2% during the 2nd quarter. Victory Capital Management Inc. now owns 686,983 shares of the textile maker’s stock worth $52,073,000 after buying an additional 189,885 shares during the period. Finally, UBS Asset Management Americas Inc. boosted its holdings in shares of Oxford Industries by 69.5% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 8,705 shares of the textile maker’s stock worth $660,000 after buying an additional 3,570 shares during the period. Institutional investors and hedge funds own 92.17% of the company’s stock.
About Oxford Industries
Oxford Industries, Inc, an apparel company, designs, sources, markets, and distributes products of company owned and licensed brands, and private labels apparel products 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 under the Lilly Pulitzer brand; and men's shirts, pants, shorts, outerwear, ties, swimwear, footwear, and accessories, as well as women's products under the Southern Tide brand.
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