Analysts Set Oxford Industries, Inc. (NYSE:OXM) Price Target at $90.40

Oxford Industries, Inc. (NYSE:OXM) has received a consensus rating of “Hold” from the six brokerages that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $90.40.

Several equities analysts have commented on the stock. 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 research report on Friday, September 13th. UBS Group lowered their target price 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. Finally, Telsey Advisory Group lowered their price objective on shares of Oxford Industries from $110.00 to $86.00 and set a “market perform” rating on the stock in a research report on Thursday, September 12th.

Insider Buying and Selling at Oxford Industries

In other Oxford Industries news, EVP Scott Grassmyer sold 1,495 shares of the stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $86.77, for a total transaction of $129,721.15. Following the transaction, the executive vice president now directly owns 31,428 shares in the company, valued at $2,727,007.56. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 5.70% of the company’s stock.

Institutional Trading of Oxford Industries

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Oxford Industries by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 1,767,543 shares of the textile maker’s stock valued at $198,672,000 after buying an additional 4,869 shares during the last quarter. Pacer Advisors Inc. purchased a new stake in shares of Oxford Industries during the second quarter worth about $54,882,000. Victory Capital Management Inc. grew its stake in shares of Oxford Industries by 21.7% in the second quarter. Victory Capital Management Inc. now owns 496,092 shares of the textile maker’s stock worth $49,684,000 after purchasing an additional 88,345 shares during the last quarter. Wellington Management Group LLP increased its holdings in Oxford Industries by 7.9% during the 4th quarter. Wellington Management Group LLP now owns 403,340 shares of the textile maker’s stock valued at $40,334,000 after purchasing an additional 29,493 shares during the period. Finally, William Blair Investment Management LLC raised its position in 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 valued at $41,719,000 after purchasing an additional 57,117 shares during the last quarter. Institutional investors own 91.16% of the company’s stock.

Oxford Industries Stock Up 2.9 %

NYSE OXM opened at $76.49 on Friday. Oxford Industries has a 52 week low of $73.44 and a 52 week high of $113.88. The business has a 50 day moving average price of $85.32 and a 200-day moving average price of $97.51. The company has a market cap of $1.20 billion, a price-to-earnings ratio of 30.97 and a beta of 1.53.

Oxford Industries (NYSE:OXM) last issued its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $438.16 million. During the same period last year, the company earned $3.45 earnings per share. The business’s revenue for the quarter was down .1% compared to the same quarter last year. On average, equities research analysts anticipate that Oxford Industries will post 7.16 earnings per share for the current year.

Oxford Industries Dividend Announcement

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 dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 3.50%. The ex-dividend date is Friday, October 18th. Oxford Industries’s payout ratio is 108.50%.

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.