Oxford Industries, Inc. (NYSE:OXM) Receives Average Recommendation of “Hold” from Brokerages

Shares of Oxford Industries, Inc. (NYSE:OXM) have received a consensus rating of “Hold” from the six brokerages that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $103.60.

Several research firms have recently commented on OXM. UBS Group decreased their price target on shares of Oxford Industries from $106.00 to $104.00 and set a “neutral” rating for the company in a report on Monday, April 1st. Telsey Advisory Group lifted their price target on shares of Oxford Industries from $102.00 to $110.00 and gave the company a “market perform” rating in a report on Monday, April 1st. Finally, Citigroup lowered shares of Oxford Industries from a “neutral” rating to a “sell” rating and decreased their price target for the company from $98.00 to $94.00 in a report on Monday, April 1st.

Insider Buying and Selling at Oxford Industries

In other Oxford Industries news, CEO Douglas B. Wood sold 33,587 shares of the business’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $104.95, for a total transaction of $3,524,955.65. Following the completion of the transaction, the chief executive officer now directly owns 12,394 shares of the company’s stock, valued at approximately $1,300,750.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 6.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Steward Partners Investment Advisory LLC bought a new stake in shares of Oxford Industries during the 4th quarter worth about $25,000. Quarry LP raised its position in shares of Oxford Industries by 602.0% during the 2nd quarter. Quarry LP now owns 358 shares of the textile maker’s stock worth $35,000 after buying an additional 307 shares in the last quarter. Quest Partners LLC bought a new stake in shares of Oxford Industries during the 4th quarter worth about $36,000. Coppell Advisory Solutions Corp. bought a new stake in shares of Oxford Industries during the 4th quarter worth about $35,000. Finally, Milestone Investment Advisors LLC bought a new stake in shares of Oxford Industries during the 3rd quarter worth about $38,000. 91.16% of the stock is owned by institutional investors and hedge funds.

Oxford Industries Price Performance

Shares of OXM stock opened at $103.11 on Friday. The firm has a market cap of $1.61 billion, a P/E ratio of 27.94 and a beta of 1.60. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.22 and a quick ratio of 0.55. Oxford Industries has a 1-year low of $82.33 and a 1-year high of $113.88. The firm has a fifty day moving average of $104.30 and a two-hundred day moving average of $97.77.

Oxford Industries (NYSE:OXM) last announced its quarterly earnings data on Thursday, March 28th. The textile maker reported $1.90 earnings per share for the quarter, missing the consensus estimate of $1.92 by ($0.02). The company had revenue of $404.43 million for the quarter, compared to analyst estimates of $408.28 million. Oxford Industries had a return on equity of 26.71% and a net margin of 3.86%. Oxford Industries’s revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the business earned $2.28 earnings per share. As a group, research analysts anticipate that Oxford Industries will post 9.47 earnings per share for the current fiscal year.

Oxford Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 3rd. Shareholders of record on Friday, April 19th will be paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 2.60%. This is a positive change from Oxford Industries’s previous quarterly dividend of $0.65. The ex-dividend date is Thursday, April 18th. Oxford Industries’s payout ratio is presently 70.46%.

Oxford Industries Company Profile

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 children's apparel, swim, footwear, and licensed products under the Lilly Pulitzer brand; and men, women, and kids products under the Southern Tide brand.