SunTrust Banks Reaffirms Buy Rating for Oxford Industries (OXM)

Oxford Industries (NYSE:OXM)‘s stock had its “buy” rating reiterated by equities research analysts at SunTrust Banks in a report issued on Thursday, December 7th. SunTrust Banks also issued estimates for Oxford Industries’ FY2018 earnings at $3.74 EPS and FY2019 earnings at $3.99 EPS.

Other research analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Oxford Industries from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a research report on Friday, September 15th. Telsey Advisory Group raised their target price on shares of Oxford Industries from $65.00 to $68.00 and gave the company a “market perform” rating in a research report on Wednesday, December 6th. FBR & Co reaffirmed a “buy” rating and issued a $75.00 target price on shares of Oxford Industries in a research report on Tuesday, September 12th. Needham & Company LLC set a $62.00 target price on shares of Oxford Industries and gave the company a “buy” rating in a research report on Monday, October 16th. Finally, DA Davidson set a $71.00 target price on shares of Oxford Industries and gave the company a “hold” rating in a research report on Wednesday, December 6th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $73.00.

Shares of Oxford Industries (NYSE:OXM) traded down $0.64 during mid-day trading on Thursday, hitting $75.19. 63,039 shares of the stock traded hands, compared to its average volume of 169,077. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.99 and a quick ratio of 0.91. Oxford Industries has a 52 week low of $49.50 and a 52 week high of $76.47. The company has a market capitalization of $1,276.46, a P/E ratio of 24.65, a price-to-earnings-growth ratio of 2.06 and a beta of 0.39.

Oxford Industries (NYSE:OXM) last issued its quarterly earnings data on Tuesday, December 5th. The textile maker reported $0.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 during the quarter, compared to the consensus estimate of $242.98 million. During the same quarter in the prior year, the firm earned ($0.07) earnings per share. The firm’s revenue was up 6.2% compared to the same quarter last year. sell-side analysts predict that Oxford Industries will post 3.67 earnings per share for the current fiscal year.

In other news, Director Dennis M. Love sold 1,500 shares of Oxford Industries stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $72.09, for a total value of $108,135.00. Following the completion of the transaction, the director now owns 17,002 shares of the company’s stock, valued at approximately $1,225,674.18. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 3.29% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in OXM. Vanguard Group Inc. lifted 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 buying an additional 14,729 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Oxford Industries by 1.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 787,398 shares of the textile maker’s stock worth $50,031,000 after buying an additional 13,830 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Oxford Industries by 5.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 612,624 shares of the textile maker’s stock worth $38,283,000 after buying an additional 31,195 shares during the last quarter. Schroder Investment Management Group lifted its stake in shares of Oxford Industries by 14.1% during the 3rd quarter. Schroder Investment Management Group now owns 387,778 shares of the textile maker’s stock worth $24,415,000 after buying an additional 47,842 shares during the last quarter. Finally, State Street Corp lifted its stake in shares of Oxford Industries by 2.9% during the 2nd quarter. State Street Corp now owns 363,263 shares of the textile maker’s stock worth $22,694,000 after buying an additional 10,184 shares during the last quarter. 89.06% of the stock is owned by institutional investors.

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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.

Analyst Recommendations for Oxford Industries (NYSE:OXM)

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