Oxford Industries, Inc. (NYSE:OXM) Receives $90.40 Consensus Target Price from Brokerages

Shares of Oxford Industries, Inc. (NYSE:OXM) have received an average recommendation of “Hold” from the six analysts that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $90.40.

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

Hedge Funds Weigh In On Oxford Industries

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OXM. Pacer Advisors Inc. bought a new position in Oxford Industries in the 2nd quarter worth approximately $54,882,000. Millennium Management LLC grew its holdings in Oxford Industries by 254.1% in the 2nd quarter. Millennium Management LLC now owns 266,412 shares of the textile maker’s stock worth $26,681,000 after buying an additional 191,185 shares in the last quarter. Ceredex Value Advisors LLC bought a new position in Oxford Industries in the 2nd quarter worth approximately $10,040,000. Norges Bank bought a new position in Oxford Industries in the 4th quarter worth approximately $9,682,000. Finally, Victory Capital Management Inc. grew its holdings in Oxford Industries by 21.7% in the 2nd quarter. Victory Capital Management Inc. now owns 496,092 shares of the textile maker’s stock worth $49,684,000 after buying an additional 88,345 shares in the last quarter. 91.16% of the stock is owned by institutional investors.

Oxford Industries Stock Down 0.8 %

Shares of Oxford Industries stock opened at $86.54 on Monday. The firm has a market cap of $1.36 billion, a P/E ratio of 35.04 and a beta of 1.53. Oxford Industries has a fifty-two week low of $74.95 and a fifty-two week high of $113.88. The business has a 50-day moving average price of $91.50 and a 200 day moving average price of $100.32.

Oxford Industries (NYSE:OXM) last announced its quarterly earnings data on Wednesday, September 11th. The textile maker reported $2.77 earnings per share 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 the consensus estimate of $438.16 million. Oxford Industries had a net margin of 1.92% and a return on equity of 21.93%. The firm’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.45 earnings per share. As a group, equities research analysts anticipate that Oxford Industries will post 7.15 earnings per share for the current year.

Oxford Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Friday, October 18th will be issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date is Friday, October 18th. Oxford Industries’s dividend payout ratio (DPR) is 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.