Oxford Industries (NYSE:OXM) Trading Up 2.1% – What’s Next?

Oxford Industries, Inc. (NYSE:OXM)’s stock price was up 2.1% during mid-day trading on Monday . The company traded as high as $59.96 and last traded at $60.23. Approximately 19,095 shares changed hands during mid-day trading, a decline of 94% from the average daily volume of 337,576 shares. The stock had previously closed at $58.96.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. UBS Group decreased their target price on Oxford Industries from $66.00 to $57.00 and set a “neutral” rating for the company in a research note on Friday. KeyCorp reiterated a “sector weight” rating on shares of Oxford Industries in a research note on Friday. Finally, Telsey Advisory Group dropped their target price on shares of Oxford Industries from $86.00 to $68.00 and set a “market perform” rating on the stock in a research report on Monday, March 24th.

Oxford Industries Stock Performance

The company has a debt-to-equity ratio of 0.09, a current ratio of 1.42 and a quick ratio of 0.71. The company has a fifty day moving average price of $69.73 and a 200 day moving average price of $76.63. The stock has a market cap of $919.80 million, a P/E ratio of 66.08 and a beta of 1.61.

Oxford Industries (NYSE:OXM) last announced its quarterly earnings results on Thursday, March 27th. The textile maker reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.09. The business had revenue of $390.51 million during the quarter, compared to analyst estimates of $383.94 million. Oxford Industries had a net margin of 0.98% and a return on equity of 19.09%. Oxford Industries’s quarterly revenue was down 3.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.90 EPS. On average, equities analysts expect that Oxford Industries, Inc. will post 6.62 EPS for the current year.

Oxford Industries Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Thursday, April 17th will be given a $0.69 dividend. This is a positive change from Oxford Industries’s previous quarterly dividend of $0.67. This represents a $2.76 dividend on an annualized basis and a yield of 4.71%. The ex-dividend date is Thursday, April 17th. Oxford Industries’s dividend payout ratio is presently 301.12%.

Insider Activity

In related news, SVP Tracey Hernandez sold 1,250 shares of Oxford Industries stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $86.92, for a total transaction of $108,650.00. Following the sale, the senior vice president now directly owns 1,681 shares in the company, valued at approximately $146,112.52. This trade represents a 42.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 5.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Oxford Industries

A number of hedge funds have recently made changes to their positions in the business. Wellington Management Group LLP increased its holdings in Oxford Industries by 4.9% during the fourth quarter. Wellington Management Group LLP now owns 580,580 shares of the textile maker’s stock worth $45,738,000 after buying an additional 27,198 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Oxford Industries by 20.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 24,329 shares of the textile maker’s stock worth $1,917,000 after purchasing an additional 4,141 shares during the last quarter. Vident Advisory LLC raised its holdings in shares of Oxford Industries by 9.0% in the 4th quarter. Vident Advisory LLC now owns 8,249 shares of the textile maker’s stock worth $650,000 after purchasing an additional 683 shares during the period. ProShare Advisors LLC lifted its stake in Oxford Industries by 44.5% in the fourth quarter. ProShare Advisors LLC now owns 4,467 shares of the textile maker’s stock valued at $352,000 after purchasing an additional 1,376 shares during the last quarter. Finally, Man Group plc bought a new position in Oxford Industries during the fourth quarter valued at $3,119,000. 91.16% of the stock is currently owned by institutional investors.

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.