Oxford Industries (NYSE:OXM) Receives “Market Perform” Rating from Telsey Advisory Group

Telsey Advisory Group restated their market perform rating on shares of Oxford Industries (NYSE:OXM) in a research report report published on Wednesday morning, Benzinga reports. They currently have a $110.00 target price on the textile maker’s stock.

OXM has been the topic of several other research reports. Citigroup lowered shares of Oxford Industries from a neutral rating to a sell rating and dropped their target price for the company from $98.00 to $94.00 in a report on Monday, April 1st. UBS Group dropped their target price on shares of Oxford Industries from $106.00 to $104.00 and set a neutral rating on the stock in a report on Monday, April 1st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Oxford Industries has an average rating of Hold and an average price target of $103.60.

Oxford Industries Stock Performance

NYSE OXM opened at $107.25 on Wednesday. The firm’s fifty day moving average price is $104.90 and its two-hundred day moving average price is $98.11. The stock has a market cap of $1.68 billion, a PE ratio of 29.07 and a beta of 1.60. Oxford Industries has a fifty-two week low of $82.33 and a fifty-two week high of $113.88. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.55 and a current ratio of 1.22.

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

Oxford Industries Increases Dividend

The business 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 dividend of $0.67 per share. The ex-dividend date of this dividend is Thursday, April 18th. This represents a $2.68 annualized dividend and a dividend yield of 2.50%. This is a positive change from Oxford Industries’s previous quarterly dividend of $0.65. Oxford Industries’s dividend payout ratio is currently 72.63%.

Insider Activity

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

Hedge Funds Weigh In On Oxford Industries

Several institutional investors have recently made changes to their positions in the stock. SummerHaven Investment Management LLC increased its position in shares of Oxford Industries by 1.6% during the fourth quarter. SummerHaven Investment Management LLC now owns 7,016 shares of the textile maker’s stock worth $702,000 after acquiring an additional 109 shares in the last quarter. Swiss National Bank grew its position in Oxford Industries by 0.6% in the 3rd quarter. Swiss National Bank now owns 34,600 shares of the textile maker’s stock worth $3,326,000 after purchasing an additional 200 shares in the last quarter. Janney Montgomery Scott LLC grew its position in Oxford Industries by 5.5% in the 3rd quarter. Janney Montgomery Scott LLC now owns 3,986 shares of the textile maker’s stock worth $383,000 after purchasing an additional 207 shares in the last quarter. QRG Capital Management Inc. grew its position in Oxford Industries by 12.0% in the 4th quarter. QRG Capital Management Inc. now owns 2,945 shares of the textile maker’s stock worth $295,000 after purchasing an additional 315 shares in the last quarter. Finally, Quest Partners LLC bought a new stake in Oxford Industries in the 4th quarter worth about $36,000. 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; 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.