Oxford Industries, Inc. (NYSE:OXM) Receives Consensus Rating of “Hold” from Analysts

Shares of Oxford Industries, Inc. (NYSE:OXM) have earned a consensus rating of “Hold” from the six brokerages that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $103.20.

Several equities analysts recently commented on the company. UBS Group dropped 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. Telsey Advisory Group restated a “market perform” rating and set a $110.00 target price on shares of Oxford Industries in a research report on Thursday, June 13th. Finally, Citigroup dropped their target price on Oxford Industries from $94.00 to $92.00 and set a “sell” rating on the stock in a research report on Thursday, June 13th.

Insiders Place Their Bets

In other Oxford Industries news, EVP Thomas E. Campbell sold 17,540 shares of the firm’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $99.91, for a total value of $1,752,421.40. Following the completion of the sale, the executive vice president now directly owns 24,865 shares in the company, valued at $2,484,262.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Douglas B. Wood sold 33,587 shares of the firm’s stock in a transaction that occurred 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 owns 12,394 shares of the company’s stock, valued at $1,300,750.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Thomas E. Campbell sold 17,540 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $99.91, for a total transaction of $1,752,421.40. Following the sale, the executive vice president now directly owns 24,865 shares of the company’s stock, valued at approximately $2,484,262.15. The disclosure for this sale can be found here. 5.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Oxford Industries

A number of large investors have recently added to or reduced their stakes in the stock. SummerHaven Investment Management LLC grew its position in shares of Oxford Industries by 1.6% during the 4th quarter. SummerHaven Investment Management LLC now owns 7,016 shares of the textile maker’s stock valued at $702,000 after acquiring an additional 109 shares during the period. Texas Permanent School Fund Corp grew its position in shares of Oxford Industries by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 12,854 shares of the textile maker’s stock valued at $1,445,000 after acquiring an additional 170 shares during the period. ProShare Advisors LLC lifted its stake in shares of Oxford Industries by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 3,012 shares of the textile maker’s stock valued at $339,000 after buying an additional 207 shares in the last quarter. QRG Capital Management Inc. lifted its stake in shares of Oxford Industries by 12.0% during the 4th quarter. QRG Capital Management Inc. now owns 2,945 shares of the textile maker’s stock valued at $295,000 after buying an additional 315 shares in the last quarter. Finally, Quest Partners LLC purchased a new position in shares of Oxford Industries during the 4th quarter valued at $36,000. Institutional investors own 91.16% of the company’s stock.

Oxford Industries Stock Performance

Shares of Oxford Industries stock opened at $100.10 on Wednesday. Oxford Industries has a one year low of $82.33 and a one year high of $113.88. The firm has a market capitalization of $1.57 billion, a price-to-earnings ratio of 40.53 and a beta of 1.55. The business has a 50-day simple moving average of $104.99 and a 200 day simple moving average of $102.87. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.32 and a quick ratio of 0.68.

Oxford Industries (NYSE:OXM) last issued its quarterly earnings data on Wednesday, June 12th. The textile maker reported $2.66 EPS for the quarter, missing analysts’ consensus estimates of $2.70 by ($0.04). The company had revenue of $398.18 million for the quarter, compared to the consensus estimate of $404.81 million. Oxford Industries had a return on equity of 23.78% and a net margin of 2.62%. The business’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same period in the prior year, the firm posted $3.78 earnings per share. On average, research analysts anticipate that Oxford Industries will post 8.8 earnings per share for the current fiscal year.

Oxford Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 2nd. Stockholders of record on Friday, July 19th will be issued a dividend of $0.67 per share. The ex-dividend date of this dividend is Friday, July 19th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.68%. Oxford Industries’s dividend payout ratio is currently 108.50%.

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; 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.