Oxford Industries (NYSE:OXM) Price Target Raised to $34.00

Oxford Industries (NYSE:OXM) had its target price increased by Citigroup from $33.00 to $34.00 in a report published on Monday morning,Benzinga reports. Citigroup currently has a neutral rating on the textile maker’s stock.

Several other research firms also recently issued reports on OXM. Truist Financial dropped their price target on shares of Oxford Industries from $38.00 to $32.00 and set a “hold” rating for the company in a research note on Friday, March 27th. Telsey Advisory Group decreased their price objective on Oxford Industries from $40.00 to $36.00 and set a “market perform” rating for the company in a report on Friday, March 27th. Wall Street Zen raised Oxford Industries from a “sell” rating to a “hold” rating in a research report on Saturday, March 28th. UBS Group cut their target price on Oxford Industries from $36.00 to $35.00 and set a “neutral” rating on the stock in a report on Thursday, March 19th. Finally, KeyCorp reiterated a “sector weight” rating on shares of Oxford Industries in a research report on Thursday, December 11th. Six research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $34.25.

Oxford Industries Stock Performance

Oxford Industries stock opened at $38.56 on Monday. The business has a 50 day moving average of $37.61 and a 200-day moving average of $37.97. Oxford Industries has a 1 year low of $30.57 and a 1 year high of $61.02. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.48. The company has a market capitalization of $574.16 million, a P/E ratio of -19.88 and a beta of 1.00.

Oxford Industries (NYSE:OXM) last issued its quarterly earnings data on Thursday, March 26th. The textile maker reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.14). Oxford Industries had a negative net margin of 1.89% and a positive return on equity of 5.68%. The business had revenue of $374.49 million during the quarter, compared to the consensus estimate of $372.30 million. During the same quarter last year, the business earned $1.37 EPS. The firm’s quarterly revenue was down 4.1% compared to the same quarter last year. On average, equities research analysts predict that Oxford Industries will post 6.62 earnings per share for the current year.

Oxford Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Friday, April 17th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Friday, April 17th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 7.3%. This is an increase from Oxford Industries’s previous quarterly dividend of $0.69. Oxford Industries’s payout ratio is currently -142.27%.

Hedge Funds Weigh In On Oxford Industries

A number of hedge funds have recently bought and sold shares of OXM. Hantz Financial Services Inc. lifted its holdings in Oxford Industries by 245.9% in the third quarter. Hantz Financial Services Inc. now owns 671 shares of the textile maker’s stock valued at $27,000 after buying an additional 477 shares during the period. CWM LLC grew its holdings in Oxford Industries by 61.5% during the 3rd quarter. CWM LLC now owns 801 shares of the textile maker’s stock worth $32,000 after acquiring an additional 305 shares during the period. GAMMA Investing LLC grew its holdings in Oxford Industries by 46.6% during the 4th quarter. GAMMA Investing LLC now owns 925 shares of the textile maker’s stock worth $32,000 after acquiring an additional 294 shares during the period. Quarry LP bought a new position in shares of Oxford Industries in the 3rd quarter worth about $38,000. Finally, Signaturefd LLC raised its position in shares of Oxford Industries by 28.1% in the 4th quarter. Signaturefd LLC now owns 1,368 shares of the textile maker’s stock worth $47,000 after acquiring an additional 300 shares in the last quarter. Institutional investors own 91.16% of the company’s stock.

About Oxford Industries

Oxford Industries, Inc, incorporated in 1942 and headquartered in Atlanta, Georgia, is a leading designer, marketer and distributor of high-quality men’s and women’s lifestyle apparel and accessories. The company’s product portfolio features a mix of owned brands and licensed partnerships that span casual, resort and performance categories. Key owned brands include Tommy Bahama, renowned for its island-inspired menswear and women’s sportswear, and Southern Tide, which offers coastal-focused clothing and footwear.