Brokerages Set Oxford Industries, Inc. (NYSE:OXM) Price Target at $55.80

Shares of Oxford Industries, Inc. (NYSE:OXM) have been assigned a consensus recommendation of “Reduce” from the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $55.80.

Several analysts have commented on the stock. Truist Financial dropped their target price on shares of Oxford Industries from $56.00 to $47.00 and set a “hold” rating on the stock in a report on Thursday, June 12th. Telsey Advisory Group restated a “market perform” rating and set a $52.00 target price on shares of Oxford Industries in a report on Thursday, June 12th. UBS Group raised their target price on shares of Oxford Industries from $54.00 to $56.00 and gave the stock a “neutral” rating in a report on Thursday, June 5th. Citigroup lowered their price objective on shares of Oxford Industries from $47.00 to $44.00 and set a “sell” rating on the stock in a report on Thursday, June 12th. Finally, Zacks Research upgraded shares of Oxford Industries to a “hold” rating in a report on Monday, August 11th.

Oxford Industries Stock Up 1.1%

Shares of NYSE OXM opened at $45.21 on Friday. The firm has a market capitalization of $675.44 million, a PE ratio of 8.78 and a beta of 1.38. The company has a current ratio of 1.32, a quick ratio of 0.64 and a debt-to-equity ratio of 0.20. Oxford Industries has a 1 year low of $36.25 and a 1 year high of $90.50. The firm’s 50-day moving average is $42.69 and its 200-day moving average is $53.08.

Oxford Industries (NYSE:OXM) last announced its quarterly earnings results on Wednesday, June 11th. The textile maker reported $1.82 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.82. The business had revenue of $392.86 million for the quarter, compared to the consensus estimate of $383.54 million. Oxford Industries had a net margin of 5.35% and a return on equity of 14.97%. Oxford Industries’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same period last year, the company posted $2.66 EPS. Equities analysts expect that Oxford Industries will post 6.62 EPS for the current year.

Oxford Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 1st. Investors of record on Friday, July 18th were given a dividend of $0.69 per share. The ex-dividend date of this dividend was Friday, July 18th. This represents a $2.76 annualized dividend and a yield of 6.1%. Oxford Industries’s dividend payout ratio is currently 53.59%.

Insider Activity

In other Oxford Industries news, CEO Thomas Caldecot Chubb III bought 6,500 shares of the stock in a transaction on Monday, June 16th. The stock was purchased at an average price of $40.12 per share, with a total value of $260,780.00. Following the completion of the purchase, the chief executive officer owned 59,063 shares in the company, valued at $2,369,607.56. The trade was a 12.37% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Robert S. Trauber bought 10,000 shares of the stock in a transaction on Wednesday, June 18th. The shares were acquired at an average cost of $41.38 per share, with a total value of $413,800.00. Following the purchase, the chief executive officer owned 13,364 shares of the company’s stock, valued at approximately $553,002.32. This represents a 297.27% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 16,818 shares of company stock valued at $686,724 in the last ninety days. 6.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in OXM. PNC Financial Services Group Inc. increased its position in Oxford Industries by 5.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,328 shares of the textile maker’s stock valued at $195,000 after purchasing an additional 185 shares during the period. Advisors Asset Management Inc. increased its position in Oxford Industries by 6.1% during the 2nd quarter. Advisors Asset Management Inc. now owns 4,169 shares of the textile maker’s stock valued at $168,000 after purchasing an additional 241 shares during the period. Illinois Municipal Retirement Fund increased its position in Oxford Industries by 3.4% during the 1st quarter. Illinois Municipal Retirement Fund now owns 8,036 shares of the textile maker’s stock valued at $471,000 after purchasing an additional 267 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Oxford Industries by 3.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,430 shares of the textile maker’s stock valued at $664,000 after purchasing an additional 280 shares during the period. Finally, Cerity Partners LLC increased its position in Oxford Industries by 3.0% during the 2nd quarter. Cerity Partners LLC now owns 9,914 shares of the textile maker’s stock valued at $399,000 after purchasing an additional 286 shares during the period. Institutional investors and hedge funds own 91.16% of the company’s stock.

About Oxford Industries

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; and 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.