Oxford Industries (NYSE:OXM) Downgraded to Sell at Citigroup

Citigroup cut shares of Oxford Industries (NYSE:OXMFree Report) from a neutral rating to a sell rating in a report published on Monday, Marketbeat Ratings reports. Citigroup currently has $94.00 price target on the textile maker’s stock, down from their prior price target of $98.00.

Several other brokerages have also commented on OXM. UBS Group raised their price objective on Oxford Industries from $105.00 to $106.00 and gave the company a neutral rating in a report on Tuesday, March 19th. Telsey Advisory Group reissued a market perform rating and issued a $110.00 price objective (up from $102.00) on shares of Oxford Industries in a report on Monday, March 25th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Oxford Industries has an average rating of Hold and an average price target of $103.60.

Read Our Latest Stock Report on OXM

Oxford Industries Stock Down 3.6 %

Shares of OXM stock opened at $108.30 on Monday. The stock has a 50 day moving average of $101.91 and a 200 day moving average of $96.90. The company has a current ratio of 1.37, a quick ratio of 0.63 and a debt-to-equity ratio of 0.11. The stock has a market cap of $1.69 billion, a P/E ratio of 29.35 and a beta of 1.60. Oxford Industries has a twelve month low of $82.33 and a twelve month high of $113.88.

Oxford Industries (NYSE:OXMGet Free Report) last announced its quarterly earnings results 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 analysts’ expectations of $408.28 million. Oxford Industries had a net margin of 3.86% and a return on equity of 26.08%. The firm’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.28 earnings per share. As a group, sell-side analysts expect that Oxford Industries will post 10.28 EPS for the current year.

Oxford Industries Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 3rd. Stockholders of record on Friday, April 19th will be paid a $0.67 dividend. The ex-dividend date of this dividend is Thursday, April 18th. This is a positive change from Oxford Industries’s previous quarterly dividend of $0.65. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.47%. Oxford Industries’s payout ratio is currently 70.46%.

Institutional Trading of Oxford Industries

Institutional investors have recently made changes to their positions in the company. Steward Partners Investment Advisory LLC acquired a new stake in shares of Oxford Industries in the fourth quarter worth approximately $25,000. Quarry LP boosted its stake in Oxford Industries by 602.0% during the second quarter. Quarry LP now owns 358 shares of the textile maker’s stock worth $35,000 after buying an additional 307 shares during the last quarter. Quest Partners LLC acquired a new position in Oxford Industries during the fourth quarter worth $36,000. Coppell Advisory Solutions Corp. acquired a new position in Oxford Industries during the fourth quarter worth $35,000. Finally, Milestone Investment Advisors LLC acquired a new position in Oxford Industries during the third quarter worth $38,000. 91.16% of the stock is owned by institutional investors and hedge funds.

Oxford Industries Company Profile

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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.

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