Oxford Industries, Inc. (NYSE:OXM – Get Free Report) shares gapped down before the market opened on Monday after UBS Group lowered their price target on the stock from $106.00 to $104.00. The stock had previously closed at $112.40, but opened at $100.95. UBS Group currently has a neutral rating on the stock. Oxford Industries shares last traded at $107.12, with a volume of 84,630 shares changing hands.
Several other analysts also recently commented on OXM. Citigroup downgraded shares of Oxford Industries from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $98.00 to $94.00 in a report on Monday. Telsey Advisory Group raised their target price on Oxford Industries from $102.00 to $110.00 and gave the stock a “market perform” rating in a report on Monday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $103.60.
Hedge Funds Weigh In On Oxford Industries
Institutional investors and hedge funds have recently modified their holdings of the business. Steward Partners Investment Advisory LLC purchased a new stake in shares of Oxford Industries in the fourth quarter valued at approximately $25,000. Quarry LP raised its position in Oxford Industries by 602.0% during the second quarter. Quarry LP now owns 358 shares of the textile maker’s stock worth $35,000 after acquiring an additional 307 shares during the period. Quest Partners LLC purchased a new position in Oxford Industries during the fourth quarter valued at $36,000. Coppell Advisory Solutions Corp. acquired a new stake in shares of Oxford Industries in the fourth quarter valued at about $35,000. Finally, Milestone Investment Advisors LLC acquired a new stake in shares of Oxford Industries in the third quarter valued at about $38,000. Hedge funds and other institutional investors own 91.16% of the company’s stock.
Oxford Industries Stock Down 3.7 %
The firm has a market cap of $1.69 billion, a PE ratio of 29.40 and a beta of 1.60. The business’s 50 day moving average price is $101.70 and its 200 day moving average price is $96.82. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.37 and a quick ratio of 0.63.
Oxford Industries (NYSE:OXM – Get Free Report) last posted its quarterly 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 return on equity of 26.08% and a net margin of 3.86%. The business had revenue of $404.43 million during the quarter, compared to analysts’ expectations of $408.28 million. During the same period in the prior year, the business posted $2.28 earnings per share. The business’s quarterly revenue was up 5.7% on a year-over-year basis. On average, equities research analysts expect that Oxford Industries, Inc. will post 10.28 earnings per share for the current year.
Oxford Industries Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, May 3rd. Shareholders of record on Friday, April 19th will be paid a $0.67 dividend. The ex-dividend date of this dividend is Thursday, April 18th. This is an increase from Oxford Industries’s previous quarterly dividend of $0.65. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.48%. Oxford Industries’s dividend payout ratio (DPR) is 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.