Somewhat Critical Media Coverage Very Likely to Affect Oxford Industries (OXM) Stock Price
News coverage about Oxford Industries (NYSE:OXM) has trended somewhat negative this week, according to AlphaOne. The research group, a division of Accern, identifies negative and positive media coverage by monitoring more than 20 million news and blog sources. AlphaOne ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Oxford Industries earned a news sentiment score of -0.14 on AlphaOne’s scale. AlphaOne also assigned media stories about the textile maker an impact score of 84 out of 100, meaning that recent media coverage is very likely to have an impact on the company’s share price in the near future.
These are some of the news articles that may have impacted AlphaOne Sentiment Analysis’s scoring:
- Oxford Declares Quarterly Cash Dividend (finance.yahoo.com)
- Oxford Industries (OXM) vs. Perry Ellis International (PERY) Critical Survey (americanbankingnews.com)
- BRIEF-Oxford Industries board amended bylaws to reduce board to nine persons (feeds.reuters.com)
- Oxford Industries, Inc. (OXM) to Issue Quarterly Dividend of $0.27 (americanbankingnews.com)
- BidaskClub Upgrades Oxford Industries, Inc. (OXM) to “Buy” (americanbankingnews.com)
Oxford Industries (NYSE:OXM) opened at 62.66 on Friday. The stock’s 50 day moving average is $57.34 and its 200-day moving average is $57.42. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 21.10 and a beta of 0.39. Oxford Industries has a 52 week low of $49.50 and a 52 week high of $76.19.
Oxford Industries (NYSE:OXM) last issued its quarterly earnings data on Tuesday, June 6th. The textile maker reported $1.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.08. The firm had revenue of $272.40 million for the quarter, compared to the consensus estimate of $273.40 million. Oxford Industries had a net margin of 4.76% and a return on equity of 14.00%. Oxford Industries’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period last year, the firm posted $1.26 EPS. On average, equities research analysts expect that Oxford Industries will post $3.57 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 28th. Investors of record on Friday, July 14th will be given a $0.27 dividend. The ex-dividend date of this dividend is Wednesday, July 12th. This represents a $1.08 annualized dividend and a yield of 1.72%. Oxford Industries’s dividend payout ratio is presently 36.36%.
Several research firms have recently issued reports on OXM. Zacks Investment Research cut shares of Oxford Industries from a “hold” rating to a “sell” rating in a research report on Saturday, March 11th. Telsey Advisory Group raised shares of Oxford Industries from a “market perform” rating to an “outperform” rating and set a $60.00 price objective for the company in a research report on Thursday, March 16th. Wunderlich decreased their price objective on shares of Oxford Industries from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Friday, March 24th. Citigroup Inc. decreased their price objective on shares of Oxford Industries from $74.00 to $64.00 and set a “buy” rating for the company in a research report on Friday, March 24th. Finally, BidaskClub raised shares of Oxford Industries from a “hold” rating to a “buy” rating in a research report on Tuesday. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $71.29.
Oxford Industries Company Profile
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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