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

Shares of Oxford Industries, Inc. (NYSE:OXM) have been given an average recommendation of “Hold” by the six research firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $103.60.

Several brokerages have commented on OXM. Telsey Advisory Group raised their price objective on Oxford Industries from $102.00 to $110.00 and gave the company a “market perform” rating in a report on Monday, April 1st. Citigroup downgraded Oxford Industries from a “neutral” rating to a “sell” rating and decreased their target price for the company from $98.00 to $94.00 in a research report on Monday, April 1st. Finally, UBS Group decreased their target price on Oxford Industries from $106.00 to $104.00 and set a “neutral” rating on the stock in a research report on Monday, April 1st.

Insider Buying and Selling

In related news, CEO Douglas B. Wood sold 33,587 shares of Oxford Industries stock in a transaction that occurred on Friday, April 5th. The stock was 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 SEC, which is accessible through this link. 6.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Oxford Industries

A number of institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its position in Oxford Industries by 0.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 735,045 shares of the textile maker’s stock worth $73,507,000 after buying an additional 5,767 shares in the last quarter. Wellington Management Group LLP raised its position in 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 purchasing an additional 29,493 shares during the period. William Blair Investment Management LLC raised 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 purchasing an additional 57,091 shares during the period. American Century Companies Inc. raised its position in Oxford Industries by 15.2% in the third quarter. American Century Companies Inc. now owns 200,637 shares of the textile maker’s stock valued at $19,287,000 after purchasing an additional 26,532 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in Oxford Industries by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 193,259 shares of the textile maker’s stock valued at $19,326,000 after purchasing an additional 6,607 shares during the period. Hedge funds and other institutional investors own 91.16% of the company’s stock.

Oxford Industries Stock Up 3.8 %

Shares of OXM opened at $107.78 on Friday. The company has a current ratio of 1.22, a quick ratio of 0.55 and a debt-to-equity ratio of 0.05. Oxford Industries has a 12 month low of $82.33 and a 12 month high of $113.88. The stock’s 50 day moving average is $104.74 and its two-hundred day moving average is $98.04. The firm has a market cap of $1.68 billion, a P/E ratio of 29.21 and a beta of 1.60.

Oxford Industries (NYSE:OXM) last issued its quarterly earnings data on Thursday, March 28th. The textile maker reported $1.90 EPS 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 business had revenue of $404.43 million during the quarter, compared to analyst estimates of $408.28 million. During the same period in the previous year, the business posted $2.28 earnings per share. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. Analysts predict that Oxford Industries will post 9.47 earnings per share 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. Investors of record on Friday, April 19th will be given a dividend of $0.67 per share. This is an increase from Oxford Industries’s previous quarterly dividend of $0.65. The ex-dividend date is Thursday, April 18th. This represents a $2.68 dividend on an annualized basis and a yield of 2.49%. Oxford Industries’s dividend payout ratio (DPR) is presently 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.