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

Shares of Oxford Industries, Inc. (NYSE:OXM) have received a consensus recommendation of “Hold” from the six ratings firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $103.20.

OXM has been the subject of a number of research analyst reports. Telsey Advisory Group restated a “market perform” rating and set a $110.00 price objective on shares of Oxford Industries in a research report on Thursday, June 13th. Citigroup reduced their target price on shares of Oxford Industries from $94.00 to $92.00 and set a “sell” rating for the company in a research report on Thursday, June 13th.

Insiders Place Their Bets

In other news, 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 value of $1,752,421.40. Following the completion of the transaction, the executive vice president now owns 24,865 shares of the company’s stock, valued at $2,484,262.15. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 5.70% of the stock is currently owned by insiders.

Institutional Trading of Oxford Industries

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Oxford Industries by 0.3% in the first quarter. Vanguard Group Inc. now owns 1,767,543 shares of the textile maker’s stock valued at $198,672,000 after acquiring an additional 4,869 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Oxford Industries by 0.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 735,045 shares of the textile maker’s stock worth $73,507,000 after purchasing an additional 5,767 shares in the last quarter. Wellington Management Group LLP raised its holdings in Oxford Industries by 7.9% during the fourth quarter. Wellington Management Group LLP now owns 403,340 shares of the textile maker’s stock worth $40,334,000 after purchasing an additional 29,493 shares in the last quarter. William Blair Investment Management LLC raised its holdings in Oxford Industries by 18.2% during the first 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, Charles Schwab Investment Management Inc. raised its holdings in Oxford Industries by 3.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 193,259 shares of the textile maker’s stock worth $19,326,000 after purchasing an additional 6,607 shares in the last quarter. Institutional investors and hedge funds own 91.16% of the company’s stock.

Oxford Industries Stock Performance

Shares of NYSE OXM opened at $96.74 on Friday. The company’s fifty day moving average price is $101.73 and its 200 day moving average price is $103.00. Oxford Industries has a 1 year low of $82.33 and a 1 year high of $113.88. The company has a market capitalization of $1.52 billion, a PE ratio of 39.17 and a beta of 1.54. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.68 and a current ratio of 1.32.

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

Oxford Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 2nd. Shareholders of record on Friday, July 19th were paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 2.77%. The ex-dividend date was Friday, July 19th. Oxford Industries’s dividend payout ratio (DPR) is presently 108.50%.

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.