Oxford Industries, Inc. (NYSE:OXM) Given Consensus Rating of “Hold” by Brokerages

Shares of Oxford Industries, Inc. (NYSE:OXM) have received an average recommendation of “Hold” from the six ratings firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $103.60.

OXM has been the subject of several research reports. Citigroup downgraded shares of Oxford Industries from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $98.00 to $94.00 in a research note on Monday, April 1st. UBS Group lowered their target price on shares of 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, Telsey Advisory Group boosted their target price on shares of Oxford Industries from $102.00 to $110.00 and gave the stock a “market perform” rating in a research note on Monday, April 1st.

Insider Buying and Selling at Oxford Industries

In other Oxford Industries news, CEO Douglas B. Wood sold 33,587 shares of the company’s stock in a transaction on Friday, April 5th. The shares were 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Oxford Industries

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Oxford Industries by 5.4% in the first quarter. Vanguard Group Inc. now owns 2,041,686 shares of the textile maker’s stock valued at $184,773,000 after acquiring an additional 104,007 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Oxford Industries by 8.0% in the first quarter. Invesco Ltd. now owns 862,286 shares of the textile maker’s stock valued at $78,036,000 after buying an additional 64,175 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Oxford Industries by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 735,045 shares of the textile maker’s stock valued at $73,507,000 after buying an additional 5,767 shares during the last quarter. State Street Corp raised its holdings in shares of Oxford Industries by 2.4% in the first quarter. State Street Corp now owns 534,551 shares of the textile maker’s stock valued at $48,377,000 after buying an additional 12,582 shares during the last quarter. Finally, Wellington Management Group LLP raised its holdings in shares of Oxford Industries by 7.9% in the fourth quarter. Wellington Management Group LLP now owns 403,340 shares of the textile maker’s stock valued at $40,334,000 after buying an additional 29,493 shares during the last quarter. Institutional investors and hedge funds own 91.16% of the company’s stock.

Oxford Industries Stock Performance

NYSE:OXM opened at $103.11 on Friday. The company has a fifty day simple moving average of $104.30 and a two-hundred day simple moving average of $97.77. The company has a market cap of $1.61 billion, a price-to-earnings ratio of 27.94 and a beta of 1.60. The company has a quick ratio of 0.55, a current ratio of 1.22 and a debt-to-equity ratio of 0.05. Oxford Industries has a 52 week low of $82.33 and a 52 week high of $113.88.

Oxford Industries (NYSE:OXM) last posted its quarterly earnings results on Thursday, March 28th. The textile maker reported $1.90 EPS for the quarter, missing the consensus estimate of $1.92 by ($0.02). The business had revenue of $404.43 million during the quarter, compared to analyst estimates of $408.28 million. Oxford Industries had a return on equity of 26.71% and a net margin of 3.86%. The business’s revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the firm earned $2.28 EPS. As a group, equities analysts anticipate that Oxford Industries will post 9.47 earnings per share for the current fiscal year.

Oxford Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 3rd. Investors of record on Friday, April 19th will be paid a dividend of $0.67 per share. The ex-dividend date of this dividend is Thursday, April 18th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.60%. This is an increase from Oxford Industries’s previous quarterly dividend of $0.65. Oxford Industries’s payout ratio is presently 70.46%.

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.