Oxford Industries (NYSE:OXM) Price Target Raised to $110.00 at Telsey Advisory Group

Oxford Industries (NYSE:OXMFree Report) had its target price boosted by Telsey Advisory Group from $102.00 to $110.00 in a research note published on Monday morning, MarketBeat.com reports. They currently have a market perform rating on the textile maker’s stock.

A number of other research firms have also recently issued reports on OXM. UBS Group boosted 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. Citigroup lowered Oxford Industries from a neutral rating to a sell rating and reduced their price target for the stock from $98.00 to $94.00 in a research report on Monday. One research 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. According to data from MarketBeat.com, Oxford Industries presently has a consensus rating of Hold and a consensus price target of $103.60.

Get Our Latest Stock Analysis on OXM

Oxford Industries Stock Down 3.6 %

Shares of OXM opened at $108.30 on Monday. The business’s 50 day moving average is $101.91 and its 200 day moving average is $96.90. The company has a market capitalization of $1.69 billion, a PE ratio of 29.35 and a beta of 1.60. Oxford Industries has a 12-month low of $82.33 and a 12-month high of $113.88. The company has a current ratio of 1.37, a quick ratio of 0.63 and a debt-to-equity ratio of 0.11.

Oxford Industries (NYSE:OXMGet Free Report) last released its quarterly earnings data on Thursday, March 28th. The textile maker reported $1.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.92 by ($0.02). Oxford Industries had a return on equity of 26.08% and a net margin of 3.86%. The firm had revenue of $404.43 million during the quarter, compared to the consensus estimate of $408.28 million. During the same period in the previous year, the firm earned $2.28 EPS. The business’s revenue was up 5.7% compared to the same quarter last year. Research analysts expect that Oxford Industries will post 10.28 earnings per share for the current fiscal year.

Oxford Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 3rd. Stockholders of record on Friday, April 19th will be issued 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 dividend payout ratio is currently 70.46%.

Institutional Trading of Oxford Industries

A number of hedge funds have recently modified their holdings of OXM. Steward Partners Investment Advisory LLC purchased a new position in Oxford Industries during the fourth quarter worth approximately $25,000. Quarry LP boosted its position in shares of 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 period. Coppell Advisory Solutions Corp. purchased a new position in Oxford Industries in the fourth quarter valued at $35,000. Quest Partners LLC purchased a new position in Oxford Industries in the fourth quarter valued at $36,000. Finally, Milestone Investment Advisors LLC purchased a new position in Oxford Industries in the third quarter valued at $38,000. Hedge funds and other institutional investors own 91.16% of the company’s stock.

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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