Oxford Industries (NYSE:OXM) had its price target upped by Telsey Advisory Group from $100.00 to $120.00 in a research note published on Thursday, Price Targets.com reports. They currently have a market perform rating on the textile maker’s stock.
Several other equities analysts have also recently commented on OXM. Zacks Investment Research upgraded Oxford Industries from a sell rating to a hold rating in a research report on Wednesday, March 17th. B. Riley boosted their target price on Oxford Industries from $84.00 to $94.00 and gave the stock a buy rating in a research report on Friday, March 26th. KeyCorp boosted their target price on Oxford Industries from $103.00 to $135.00 and gave the stock an overweight rating in a research report on Thursday. Finally, Citigroup boosted their target price on Oxford Industries from $90.00 to $112.00 and gave the stock a neutral rating in a research report on Thursday. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Oxford Industries presently has a consensus rating of Buy and a consensus price target of $118.17.
NYSE:OXM opened at $106.10 on Thursday. Oxford Industries has a 52-week low of $37.89 and a 52-week high of $114.47. The company has a market cap of $1.79 billion, a price-to-earnings ratio of -18.39 and a beta of 1.84. The company’s fifty day moving average is $92.08.
The company also recently disclosed a quarterly dividend, which was paid on Friday, April 30th. Stockholders of record on Friday, April 16th were issued a $0.37 dividend. This is a boost from Oxford Industries’s previous quarterly dividend of $0.25. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend was Thursday, April 15th. Oxford Industries’s dividend payout ratio is presently -81.77%.
In other news, EVP Thomas E. Campbell sold 5,000 shares of the company’s stock in a transaction dated Tuesday, March 30th. The stock was sold at an average price of $85.25, for a total value of $426,250.00. Following the completion of the transaction, the executive vice president now directly owns 41,388 shares in the company, valued at approximately $3,528,327. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 5.80% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently modified their holdings of the stock. Advisor Partners LLC boosted its holdings in Oxford Industries by 4.2% during the 1st quarter. Advisor Partners LLC now owns 3,322 shares of the textile maker’s stock valued at $290,000 after acquiring an additional 135 shares during the period. Fifth Third Bancorp boosted its holdings in Oxford Industries by 71.8% during the 1st quarter. Fifth Third Bancorp now owns 335 shares of the textile maker’s stock valued at $29,000 after acquiring an additional 140 shares during the period. Oregon Public Employees Retirement Fund boosted its holdings in Oxford Industries by 4.3% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 6,897 shares of the textile maker’s stock valued at $603,000 after acquiring an additional 287 shares during the period. Public Sector Pension Investment Board boosted its holdings in Oxford Industries by 0.9% during the 4th quarter. Public Sector Pension Investment Board now owns 37,331 shares of the textile maker’s stock valued at $2,446,000 after acquiring an additional 320 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its holdings in Oxford Industries by 3.8% during the 4th quarter. The Manufacturers Life Insurance Company now owns 9,848 shares of the textile maker’s stock valued at $645,000 after acquiring an additional 364 shares during the period. Institutional investors own 85.78% of the company’s stock.
About Oxford Industries
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 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.
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