Oxford Industries (NYSE:OXM) PT Lowered to $92.00 at Citigroup

Oxford Industries (NYSE:OXM) had its price objective cut by Citigroup from $94.00 to $92.00 in a report published on Thursday, Benzinga reports. They currently have a sell rating on the textile maker’s stock.

A number of other equities analysts have also commented on the company. Telsey Advisory Group reissued a market perform rating and issued a $110.00 price objective on shares of Oxford Industries in a research note on Thursday. UBS Group reduced their price objective on Oxford Industries from $106.00 to $104.00 and set a neutral rating on the stock in a research note on Monday, April 1st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of Hold and a consensus target price of $103.20.

Oxford Industries Price Performance

Shares of OXM stock opened at $99.42 on Thursday. The stock’s fifty day simple moving average is $106.26 and its 200 day simple moving average is $102.26. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.22 and a quick ratio of 0.55. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of 40.25 and a beta of 1.55. Oxford Industries has a one year low of $82.33 and a one year high of $113.88.

Oxford Industries (NYSE:OXM) last announced its quarterly earnings results on Wednesday, June 12th. The textile maker reported $2.66 EPS for the quarter, missing the consensus estimate of $2.70 by ($0.04). The company had revenue of $398.18 million during the quarter, compared to analyst estimates of $404.81 million. Oxford Industries had a net margin of 2.62% and a return on equity of 23.67%. Oxford Industries’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.78 EPS. On average, analysts expect that Oxford Industries will post 8.8 earnings per share for the current fiscal year.

Oxford Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 2nd. Stockholders of record on Friday, July 19th will be paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 2.70%. The ex-dividend date is Friday, July 19th. Oxford Industries’s dividend payout ratio (DPR) is presently 108.50%.

Insider Buying and Selling at Oxford Industries

In other Oxford Industries news, CEO Douglas B. Wood sold 33,587 shares of the 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 transaction, the chief executive officer now owns 12,394 shares of the company’s stock, valued at $1,300,750.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 5.70% of the company’s stock.

Hedge Funds Weigh In On Oxford Industries

Several hedge funds have recently added to or reduced their stakes in OXM. Swiss National Bank lifted its stake in Oxford Industries by 0.6% in the third quarter. Swiss National Bank now owns 34,600 shares of the textile maker’s stock valued at $3,326,000 after buying an additional 200 shares during the period. Janney Montgomery Scott LLC raised its position in shares of Oxford Industries by 5.5% during the third 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 during the period. Charles Schwab Investment Management Inc. raised its position in shares of Oxford Industries by 4.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 186,652 shares of the textile maker’s stock worth $17,943,000 after purchasing an additional 7,837 shares during the period. Pathstone Family Office LLC acquired a new stake in shares of Oxford Industries during the third quarter worth about $239,000. Finally, Deutsche Bank AG raised its position in shares of Oxford Industries by 12.8% during the third quarter. Deutsche Bank AG now owns 7,952 shares of the textile maker’s stock worth $764,000 after purchasing an additional 903 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.