Oxford Industries, Inc. (NYSE:OXM) Receives $83.00 Average Target Price from Analysts

Shares of Oxford Industries, Inc. (NYSE:OXM) have received a consensus recommendation of “Reduce” from the four research firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation and three have issued a hold recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $80.67.

OXM has been the subject of several recent research reports. Telsey Advisory Group lowered their price target on Oxford Industries from $110.00 to $86.00 and set a “market perform” rating for the company in a research note on Thursday, September 12th. UBS Group reduced their target price on Oxford Industries from $101.00 to $91.00 and set a “neutral” rating for the company in a report on Thursday, September 5th. Finally, Citigroup lowered their price target on 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 Stock Performance

Oxford Industries stock opened at $79.45 on Tuesday. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of 43.65 and a beta of 1.55. The company has a 50 day moving average price of $80.12 and a 200 day moving average price of $93.07. Oxford Industries has a 52 week low of $72.24 and a 52 week high of $113.88.

Oxford Industries (NYSE:OXM) last posted its quarterly 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). Oxford Industries had a return on equity of 21.93% and a net margin of 1.92%. The company had revenue of $419.89 million for the quarter, compared to analyst estimates of $438.16 million. During the same quarter in the prior year, the business posted $3.45 earnings per share. The business’s revenue for the quarter was down .1% compared to the same quarter last year. Equities analysts forecast that Oxford Industries will post 7.16 earnings per share for the current fiscal year.

Oxford Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Friday, October 18th were paid a $0.67 dividend. The ex-dividend date was Friday, October 18th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.37%. Oxford Industries’s payout ratio is presently 147.25%.

Insider Activity at Oxford Industries

In other Oxford Industries news, EVP Scott Grassmyer sold 1,495 shares of Oxford Industries stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $86.77, for a total value of $129,721.15. Following the transaction, the executive vice president now directly owns 31,428 shares of the company’s stock, valued at $2,727,007.56. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 5.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Oxford Industries

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in Oxford Industries by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 1,767,543 shares of the textile maker’s stock worth $198,672,000 after purchasing an additional 4,869 shares during the last quarter. Victory Capital Management Inc. raised its holdings in Oxford Industries by 31.6% in the 3rd quarter. Victory Capital Management Inc. now owns 652,726 shares of the textile maker’s stock valued at $56,631,000 after acquiring an additional 156,634 shares in the last quarter. Pacer Advisors Inc. acquired a new position in Oxford Industries in the 2nd quarter valued at approximately $54,882,000. William Blair Investment Management LLC grew its holdings in shares of Oxford Industries by 18.2% during the 1st quarter. William Blair Investment Management LLC now owns 371,168 shares of the textile maker’s stock worth $41,719,000 after purchasing an additional 57,117 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in shares of Oxford Industries by 25.1% in the second quarter. American Century Companies Inc. now owns 361,940 shares of the textile maker’s stock valued at $36,248,000 after purchasing an additional 72,605 shares in the last quarter. Institutional investors and hedge funds own 91.16% of the company’s stock.

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.