Oxford Industries, Inc. (NYSE:OXM) Receives $90.40 Average PT from Brokerages

Oxford Industries, Inc. (NYSE:OXM) has earned a consensus recommendation of “Hold” from the six research firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $90.40.

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

Hedge Funds Weigh In On Oxford Industries

Several institutional investors and hedge funds have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. boosted its position in Oxford Industries by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 193,259 shares of the textile maker’s stock valued at $19,326,000 after buying an additional 6,607 shares in the last quarter. Teacher Retirement System of Texas bought a new stake in Oxford Industries during the 4th quarter worth $240,000. BNP Paribas Financial Markets increased its holdings in Oxford Industries by 21.6% in the 4th quarter. BNP Paribas Financial Markets now owns 16,388 shares of the textile maker’s stock worth $1,639,000 after purchasing an additional 2,908 shares in the last quarter. QRG Capital Management Inc. boosted its stake in shares of Oxford Industries by 12.0% during the fourth quarter. QRG Capital Management Inc. now owns 2,945 shares of the textile maker’s stock valued at $295,000 after purchasing an additional 315 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of 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 during the last quarter. 91.16% of the stock is currently owned by institutional investors and hedge funds.

Oxford Industries Price Performance

Shares of OXM opened at $86.06 on Monday. Oxford Industries has a one year low of $74.95 and a one year high of $113.88. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of 34.99 and a beta of 1.53. The stock’s fifty day moving average is $92.28 and its 200-day moving average is $100.59. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.68 and a current ratio of 1.27.

Oxford Industries (NYSE:OXM) last released its earnings results 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 analysts’ expectations of $438.16 million. Oxford Industries had a return on equity of 21.93% and a net margin of 1.92%. The business’s revenue was down .1% on a year-over-year basis. During the same period last year, the business earned $3.45 earnings per share. Equities analysts anticipate that Oxford Industries will post 7.15 EPS for the current year.

Oxford Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Friday, October 18th will be given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date of this dividend is Friday, October 18th. Oxford Industries’s dividend payout ratio (DPR) is currently 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.