Brokerages Set Oxford Industries, Inc. (NYSE:OXM) Price Target at $83.00

Shares of Oxford Industries, Inc. (NYSE:OXM) have earned an average recommendation of “Reduce” from the four research firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation and three have given a hold recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $80.67.

OXM has been the subject of a number of research analyst reports. UBS Group lowered their price objective on shares of Oxford Industries from $101.00 to $91.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. Telsey Advisory Group reduced their target price on shares of Oxford Industries from $110.00 to $86.00 and set a “market perform” rating on the stock in a report on Thursday, September 12th. Finally, Citigroup reduced their target price on shares of Oxford Industries from $92.00 to $65.00 and set a “sell” rating on the stock in a report on Friday, September 13th.

Oxford Industries Trading Down 1.1 %

Shares of NYSE:OXM opened at $77.00 on Tuesday. The firm has a 50 day moving average of $80.27 and a 200-day moving average of $93.35. The stock has a market capitalization of $1.21 billion, a PE ratio of 42.31 and a beta of 1.55. Oxford Industries has a 12 month low of $72.24 and a 12 month high of $113.88.

Oxford Industries (NYSE:OXM) last issued its earnings results on Wednesday, September 11th. The textile maker reported $2.77 EPS for the quarter, missing the consensus estimate of $3.00 by ($0.23). The firm had revenue of $419.89 million during the quarter, compared to analyst estimates of $438.16 million. Oxford Industries had a net margin of 1.92% and a return on equity of 21.93%. Oxford Industries’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.45 earnings per share. On average, research analysts predict that Oxford Industries will post 7.16 EPS for the current fiscal year.

Oxford Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Friday, October 18th were issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date was Friday, October 18th. Oxford Industries’s payout ratio is 147.25%.

Insiders Place Their Bets

In other news, EVP Scott Grassmyer sold 1,495 shares of the company’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $86.77, for a total value of $129,721.15. Following the sale, the executive vice president now directly owns 31,428 shares of the company’s stock, valued at approximately $2,727,007.56. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 5.70% of the company’s stock.

Institutional Investors Weigh In On Oxford Industries

Institutional investors have recently modified their holdings of the company. Boston Partners bought a new stake in shares of Oxford Industries in the 1st quarter valued at $990,000. Vanguard Group Inc. boosted its stake in Oxford Industries by 0.3% during the first quarter. Vanguard Group Inc. now owns 1,767,543 shares of the textile maker’s stock worth $198,672,000 after acquiring an additional 4,869 shares in the last quarter. Maverick Capital Ltd. boosted its stake in Oxford Industries by 673.5% during the second quarter. Maverick Capital Ltd. now owns 62,642 shares of the textile maker’s stock worth $6,274,000 after acquiring an additional 54,544 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new position in Oxford Industries during the first quarter worth $2,056,000. Finally, Semanteon Capital Management LP bought a new position in Oxford Industries during the third quarter worth $788,000. 91.16% of the stock is owned by institutional investors.

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.