Zacks Investment Research Lowers Oxford Industries (NYSE:OXM) to Hold
Zacks Investment Research lowered shares of Oxford Industries (NYSE:OXM) from a buy rating to a hold rating in a research report report published on Thursday, January 4th.
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. “
Several other research analysts have also recently issued reports on the stock. B. Riley assumed coverage on shares of Oxford Industries in a report on Friday, December 22nd. They issued a buy rating and a $84.00 target price for the company. SunTrust Banks restated a buy rating on shares of Oxford Industries in a report on Thursday, December 7th. Telsey Advisory Group increased their price target on shares of Oxford Industries from $65.00 to $68.00 and gave the stock a market perform rating in a research note on Wednesday, December 6th. DA Davidson set a $71.00 price target on shares of Oxford Industries and gave the stock a hold rating in a research note on Wednesday, December 6th. Finally, Needham & Company LLC cut shares of Oxford Industries from a buy rating to a hold rating and set a $68.00 price target for the company. in a research note on Friday, December 1st. They noted that the move was a valuation call. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of $77.80.
Oxford Industries (NYSE:OXM) last announced its quarterly earnings data on Tuesday, December 5th. The textile maker reported $0.17 EPS for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.05. Oxford Industries had a net margin of 4.83% and a return on equity of 14.26%. The company had revenue of $236.00 million for the quarter, compared to the consensus estimate of $242.98 million. During the same period in the prior year, the firm posted ($0.07) EPS. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. research analysts expect that Oxford Industries will post 3.67 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, February 2nd. Shareholders of record on Friday, January 19th will be issued a dividend of $0.27 per share. The ex-dividend date is Thursday, January 18th. This represents a $1.08 annualized dividend and a yield of 1.33%. Oxford Industries’s dividend payout ratio (DPR) is currently 35.41%.
In other Oxford Industries news, insider James Wesley Howard, Jr. sold 4,750 shares of the firm’s stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $80.25, for a total transaction of $381,187.50. Following the completion of the transaction, the insider now directly owns 6,204 shares in the company, valued at approximately $497,871. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dennis M. Love sold 1,500 shares of the firm’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $72.09, for a total transaction of $108,135.00. Following the sale, the director now directly owns 17,002 shares in the company, valued at $1,225,674.18. The disclosure for this sale can be found here. Company insiders own 3.29% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. boosted its position in shares of Oxford Industries by 1,145.4% in the third quarter. JPMorgan Chase & Co. now owns 143,910 shares of the textile maker’s stock worth $9,059,000 after acquiring an additional 132,355 shares during the last quarter. Schroder Investment Management Group boosted its position in shares of Oxford Industries by 47.4% in the second quarter. Schroder Investment Management Group now owns 339,936 shares of the textile maker’s stock worth $21,263,000 after acquiring an additional 109,353 shares during the last quarter. Westwood Holdings Group Inc. boosted its position in shares of Oxford Industries by 34.1% in the second quarter. Westwood Holdings Group Inc. now owns 318,023 shares of the textile maker’s stock worth $19,873,000 after acquiring an additional 80,913 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Oxford Industries by 7.2% in the second quarter. Dimensional Fund Advisors LP now owns 773,568 shares of the textile maker’s stock worth $48,340,000 after acquiring an additional 51,801 shares during the last quarter. Finally, Prudential Financial Inc. boosted its position in shares of Oxford Industries by 133.6% in the third quarter. Prudential Financial Inc. now owns 88,781 shares of the textile maker’s stock worth $5,641,000 after acquiring an additional 50,770 shares during the last quarter. 89.44% of the stock is currently owned by institutional investors.
About Oxford Industries
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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