UBS Group Cuts Oxford Industries (NYSE:OXM) Price Target to $57.00

Oxford Industries (NYSE:OXM) had its price objective cut by UBS Group from $66.00 to $57.00 in a report issued on Friday morning,Benzinga reports. They currently have a neutral rating on the textile maker’s stock.

A number of other research analysts have also weighed in on OXM. Telsey Advisory Group cut their price objective on Oxford Industries from $86.00 to $68.00 and set a “market perform” rating on the stock in a report on Monday, March 24th. KeyCorp reiterated a “sector weight” rating on shares of Oxford Industries in a report on Friday.

Oxford Industries Stock Performance

Shares of Oxford Industries stock opened at $58.93 on Friday. The firm has a market capitalization of $925.26 million, a P/E ratio of 66.21 and a beta of 1.61. Oxford Industries has a 52 week low of $53.23 and a 52 week high of $111.46. The company has a quick ratio of 0.71, a current ratio of 1.42 and a debt-to-equity ratio of 0.09. The company has a 50 day moving average price of $69.73 and a 200 day moving average price of $76.63.

Oxford Industries (NYSE:OXM) last posted its quarterly earnings data on Thursday, March 27th. The textile maker reported $1.37 EPS for the quarter, topping the consensus estimate of $1.28 by $0.09. The business had revenue of $390.51 million during the quarter, compared to the consensus estimate of $383.94 million. Oxford Industries had a net margin of 0.98% and a return on equity of 19.09%. The business’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.90 earnings per share. Sell-side analysts expect that Oxford Industries will post 6.62 EPS for the current year.

Oxford Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Thursday, April 17th will be paid a dividend of $0.69 per share. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 4.68%. This is a positive change from Oxford Industries’s previous quarterly dividend of $0.67. Oxford Industries’s dividend payout ratio (DPR) is presently 301.12%.

Insider Activity

In other news, SVP Tracey Hernandez sold 1,250 shares of Oxford Industries stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $86.92, for a total transaction of $108,650.00. Following the completion of the transaction, the senior vice president now directly owns 1,681 shares of the company’s stock, valued at $146,112.52. The trade was a 42.65 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 5.70% of the company’s stock.

Institutional Trading of Oxford Industries

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. boosted its stake in shares of Oxford Industries by 223.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,568 shares of the textile maker’s stock worth $136,000 after acquiring an additional 1,083 shares in the last quarter. Intech Investment Management LLC purchased a new position in Oxford Industries during the third quarter worth approximately $502,000. Charles Schwab Investment Management Inc. boosted its position in Oxford Industries by 4.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 568,234 shares of the textile maker’s stock worth $49,300,000 after purchasing an additional 25,619 shares in the last quarter. Cerity Partners LLC grew its holdings in Oxford Industries by 25.6% in the third quarter. Cerity Partners LLC now owns 10,644 shares of the textile maker’s stock valued at $923,000 after purchasing an additional 2,167 shares during the period. Finally, FMR LLC increased its position in shares of Oxford Industries by 36.8% in the third quarter. FMR LLC now owns 906,324 shares of the textile maker’s stock valued at $78,633,000 after buying an additional 244,022 shares in the last quarter. Institutional investors and hedge funds own 91.16% of the company’s stock.

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.