DA Davidson Initiates Coverage on Oxford Industries Inc to Buy

DA Davidson Initiates Coverage on Oxford Industries Inc(NYSE:OXM). The shares have been rated Buy. The rating by DA Davidson was issued on Sep 23, 2016.

Oxford Industries Inc (OXM) made into the market gainers list on Tuesdays trading session with the shares advancing 0.99% or 0.67 points. Due to strong positive momentum, the stock ended at $68.01, which is also near the day’s high of $68.18. The stock began the session at $67.6 and the volume stood at 89,215 shares. The 52-week high of the shares is $77.99 and the 52 week low is $52.54. The company has a current market capitalization of $1,140 M and it has 1,67,69,408 shares in outstanding.

Oxford Industries Inc has also declared a cash dividend of $0.2700 on Aug 31, 2016. The shares will quote ex-dividend on Oct 12, 2016 and the record date has been fixed on Oct 14, 2016. The dividend payable date has been fixed on Oct 28, 2016.

Oxford Industries Inc(OXM) last announced its earnings results on Aug 31, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $283.00M. Analysts had an estimated revenue of $274.56M. Earnings per share were $1.48. Analysts had estimated an EPS of $1.38.

Several Insider Transactions has been reported to the SEC. On Sep 8, 2016, Thomas E Campbell (General Counsel) sold 4,000 shares at $70.15 per share price.Also, On Sep 8, 2016, Scott Grassmyer (Chief Financial Officer) sold 4,000 shares at $70.27 per share price.On Jun 12, 2015, Terry R Pillow (CEO, TOMMY BAHAMA GROUP) sold 5,000 shares at $86.08 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.

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