Oxford Industries (NYSE:OXM) Upgraded to Buy by StockNews.com

StockNews.com upgraded shares of Oxford Industries (NYSE:OXM) from a hold rating to a buy rating in a research report sent to investors on Friday.

A number of other research analysts have also commented on OXM. Citigroup lowered their price target on Oxford Industries from $101.00 to $98.00 in a research report on Friday. Telsey Advisory Group lowered their price target on Oxford Industries from $115.00 to $107.00 and set a market perform rating for the company in a research report on Friday. Finally, UBS Group lowered their price target on Oxford Industries from $110.00 to $108.00 and set a neutral rating for the company in a research report on Wednesday, August 23rd. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus price target of $119.67.

Oxford Industries Trading Up 1.1 %

NYSE OXM opened at $102.07 on Friday. Oxford Industries has a 1-year low of $85.00 and a 1-year high of $123.37. The company has a current ratio of 1.35, a quick ratio of 0.61 and a debt-to-equity ratio of 0.16. The stock has a 50-day moving average of $103.28 and a 200-day moving average of $105.55. The firm has a market cap of $1.60 billion, a PE ratio of 9.86 and a beta of 1.51.

Oxford Industries (NYSE:OXM) last released its earnings results on Thursday, August 31st. The textile maker reported $3.45 earnings per share for the quarter, missing analysts’ consensus estimates of $3.46 by ($0.01). Oxford Industries had a net margin of 11.28% and a return on equity of 32.20%. The company had revenue of $420.32 million during the quarter, compared to the consensus estimate of $424.27 million. During the same period last year, the firm posted $3.61 EPS. The company’s revenue was up 15.7% on a year-over-year basis. As a group, sell-side analysts forecast that Oxford Industries will post 11.05 EPS for the current year.

Oxford Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Friday, October 13th will be issued a dividend of $0.65 per share. The ex-dividend date of this dividend is Thursday, October 12th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 2.55%. Oxford Industries’s dividend payout ratio (DPR) is 25.12%.

Insiders Place Their Bets

In other Oxford Industries news, Director Dennis M. Love sold 929 shares of the company’s stock in a transaction that occurred on Wednesday, July 12th. The stock was sold at an average price of $104.58, for a total transaction of $97,154.82. Following the transaction, the director now owns 15,994 shares in the company, valued at approximately $1,672,652.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Dennis M. Love sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $103.41, for a total value of $103,410.00. Following the sale, the director now owns 16,923 shares in the company, valued at approximately $1,750,007.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Dennis M. Love sold 929 shares of the company’s stock in a transaction that occurred on Wednesday, July 12th. The stock was sold at an average price of $104.58, for a total value of $97,154.82. Following the completion of the sale, the director now owns 15,994 shares in the company, valued at approximately $1,672,652.52. The disclosure for this sale can be found here. Company insiders own 6.00% of the company’s stock.

Institutional Trading of Oxford Industries

Several hedge funds and other institutional investors have recently made changes to their positions in OXM. PNC Financial Services Group Inc. grew its stake in shares of Oxford Industries by 52.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,283 shares of the textile maker’s stock worth $388,000 after buying an additional 1,475 shares during the last quarter. Bank of Montreal Can grew its stake in shares of Oxford Industries by 5.8% in the 1st quarter. Bank of Montreal Can now owns 5,204 shares of the textile maker’s stock worth $488,000 after buying an additional 286 shares during the last quarter. MetLife Investment Management LLC grew its stake in shares of Oxford Industries by 62.5% in the 1st quarter. MetLife Investment Management LLC now owns 8,637 shares of the textile maker’s stock worth $782,000 after buying an additional 3,323 shares during the last quarter. Rhumbline Advisers grew its stake in shares of Oxford Industries by 2.9% in the 1st quarter. Rhumbline Advisers now owns 46,460 shares of the textile maker’s stock worth $4,205,000 after buying an additional 1,311 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Oxford Industries by 14.0% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,688 shares of the textile maker’s stock valued at $1,239,000 after purchasing an additional 1,685 shares during the last quarter. Hedge funds and other institutional investors own 87.89% of the company’s stock.

Oxford Industries Company Profile

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.