Brokerages Set Oxford Industries, Inc. (NYSE:OXM) Price Target at $103.60

Shares of Oxford Industries, Inc. (NYSE:OXM) have been given an average rating of “Hold” by the six brokerages that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $103.60.

OXM has been the subject of a number of analyst reports. Telsey Advisory Group increased their price target on Oxford Industries from $102.00 to $110.00 and gave the stock a “market perform” rating in a research note on Monday, April 1st. UBS Group cut their price target on Oxford Industries from $106.00 to $104.00 and set a “neutral” rating for the company in a research note on Monday, April 1st. Finally, Citigroup lowered Oxford Industries from a “neutral” rating to a “sell” rating and cut their price target for the stock from $98.00 to $94.00 in a research note on Monday, April 1st.

Oxford Industries Price Performance

NYSE OXM opened at $104.72 on Friday. The business’s fifty day moving average price is $104.43 and its 200-day moving average price is $97.87. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of 28.38 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.

Oxford Industries (NYSE:OXM) last announced its earnings results on Thursday, March 28th. The textile maker reported $1.90 EPS for the quarter, missing analysts’ consensus estimates of $1.92 by ($0.02). Oxford Industries had a return on equity of 26.71% and a net margin of 3.86%. The company had revenue of $404.43 million during the quarter, compared to the consensus estimate of $408.28 million. During the same period in the prior year, the business posted $2.28 earnings per share. Oxford Industries’s revenue for the quarter was up 5.7% compared to the same quarter last year. On average, equities analysts predict that Oxford Industries will post 9.47 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 3rd. Stockholders of record on Friday, April 19th will be given a dividend of $0.67 per share. This is a positive change from Oxford Industries’s previous quarterly dividend of $0.65. The ex-dividend date is Thursday, April 18th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.56%. Oxford Industries’s dividend payout ratio (DPR) is presently 72.63%.

Insider Activity

In related news, CEO Douglas B. Wood sold 33,587 shares of Oxford Industries stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $104.95, for a total value of $3,524,955.65. Following the completion of the transaction, the chief executive officer now owns 12,394 shares in the company, valued at $1,300,750.30. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 6.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Steward Partners Investment Advisory LLC bought a new stake in Oxford Industries in the fourth quarter worth about $25,000. Quarry LP lifted its stake in Oxford Industries by 602.0% in the second quarter. Quarry LP now owns 358 shares of the textile maker’s stock worth $35,000 after purchasing an additional 307 shares during the last quarter. Quest Partners LLC bought a new stake in Oxford Industries in the fourth quarter worth about $36,000. Coppell Advisory Solutions Corp. bought a new stake in Oxford Industries in the fourth quarter worth about $35,000. Finally, Milestone Investment Advisors LLC bought a new stake in Oxford Industries in the third quarter worth about $38,000. Hedge funds and other institutional investors own 91.16% of the company’s stock.

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.