Oxford Industries Inc (OXM) is Initiated by CLSA to Outperform, Price Target at $78

Oxford Industries Inc (OXM) was Initiated by CLSA to “Outperform” and the brokerage firm has set the Price Target at $78. CLSA advised their investors in a research report released on Sep 29, 2016.

Many Wall Street Analysts have commented on Oxford Industries Inc. Company shares were Reiterated by Telsey Advisory Group on Sep 1, 2016 to “Outperform”, Firm has raised the Price Target to $ 77 from a previous price target of $73 .

On the company’s financial health, Oxford Industries Inc reported $1.48 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Aug 31, 2016. Analyst had a consensus of $1.38. The company had revenue of $283.00 million for the quarter, compared to analysts expectations of $274.55 million. The company’s revenue was up 12.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.32 EPS.

Oxford Industries Inc opened for trading at $67.6 and hit $68.18 on the upside on Tuesday, eventually ending the session at $68.01, with a gain of 0.99% or 0.67 points. The heightened volatility saw the trading volume jump to 89,215 shares. Company has a market cap of $1,140 M.

Investors should note that on Aug 31, 2016, Oxford Industries Inc announced a cash dividend of $0.2700. The company’s management has announced Oct 12, 2016 as the ex-dividend date and fixed the record date on Oct 14, 2016. The payable date has been fixed on Oct 28, 2016.

In a different news, on Sep 26, 2016, James Wesley Jr Howard (PRESIDENT, LANIER CLOTHES) sold 2,500 shares at $69.81 per share price. According to the SEC, on Sep 8, 2016, Thomas E Campbell (General Counsel) sold 4,000 shares at $70.15 per share price. On Sep 8, 2016, Scott Grassmyer (Chief Financial Officer) sold 4,000 shares at $70.27 per share price, according to the Form-4 filing with the securities and exchange commission.

Oxford Industries, Inc. is an apparel company. The Company designs, sources, markets and distributes products bearing the trademarks of its owned Tommy Bahama and Lilly Pulitzer lifestyle brands, as well as certain licensed and private label apparel products. The Company’s business is primarily operated through its Tommy Bahama, Lilly Pulitzer and Lanier Apparel operating groups. Tommy Bahama designs, sources, markets and distributes men’s and women’s sportswear and related products. Lilly Pulitzer designs, sources, markets and distributes upscale collections of women’s and girl’s dresses, sportswear and related products. Lanier Apparel designs, sources and distributes branded and private label men’s apparel, including tailored clothing, casual pants and sportswear, across a range of price points, with the majority of the business at moderate price points. The Company operates over 120 Tommy Bahama and over 30 Lilly Pulitzer full-price retail stores.

Oxford Industries Inc

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