Oxford Industries, Inc. (NYSE:OXM) Receives Average Recommendation of “Hold” from Brokerages

Oxford Industries, Inc. (NYSE:OXM) has been given an average recommendation of “Hold” by the six analysts that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned 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.

Several brokerages have commented on OXM. UBS Group decreased their price target on shares of Oxford Industries from $106.00 to $104.00 and set a “neutral” rating for the company in a research report on Monday, April 1st. Citigroup cut shares of Oxford Industries from a “neutral” rating to a “sell” rating and decreased their price target for the company from $98.00 to $94.00 in a research report on Monday, April 1st. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $110.00 price target on shares of Oxford Industries in a research report on Wednesday.

Insider Transactions at Oxford Industries

In other news, CEO Douglas B. Wood sold 33,587 shares of Oxford Industries stock in a transaction on 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 completion of the sale, the chief executive officer now directly owns 12,394 shares of the company’s stock, valued at approximately $1,300,750.30. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 6.00% of the company’s stock.

Institutional Investors Weigh In On Oxford Industries

Several institutional investors have recently modified their holdings of OXM. Wellington Management Group LLP lifted its position in shares of Oxford Industries by 717.9% during the 3rd quarter. Wellington Management Group LLP now owns 373,847 shares of the textile maker’s stock worth $35,938,000 after purchasing an additional 328,140 shares during the last quarter. Clearbridge Investments LLC purchased a new stake in Oxford Industries in the third quarter valued at $13,512,000. Norges Bank purchased a new stake in Oxford Industries in the fourth quarter valued at $9,682,000. William Blair Investment Management LLC lifted its position in Oxford Industries by 21.7% in the third quarter. William Blair Investment Management LLC now owns 319,815 shares of the textile maker’s stock valued at $30,744,000 after acquiring an additional 57,091 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its position in Oxford Industries by 517.2% in the third quarter. Victory Capital Management Inc. now owns 67,128 shares of the textile maker’s stock valued at $6,453,000 after acquiring an additional 56,251 shares during the last quarter. 91.16% of the stock is owned by hedge funds and other institutional investors.

Oxford Industries Stock Down 1.4 %

Oxford Industries stock opened at $105.75 on Friday. 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. The firm has a 50 day moving average price of $105.03 and a 200 day moving average price of $98.16. The company has a market capitalization of $1.65 billion, a PE ratio of 28.66 and a beta of 1.60.

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 the consensus estimate of $1.92 by ($0.02). Oxford Industries had a net margin of 3.86% and a return on equity of 26.71%. The company had revenue of $404.43 million during the quarter, compared to analyst estimates of $408.28 million. During the same quarter last year, the business posted $2.28 EPS. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. Research analysts expect 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 boost from Oxford Industries’s previous quarterly dividend of $0.65. This represents a $2.68 annualized dividend and a dividend yield of 2.53%. The ex-dividend date is Thursday, April 18th. Oxford Industries’s payout ratio is 72.63%.

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.