Oxford Industries (NYSE:OXM) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Oxford Industries, Inc. (NYSE:OXM)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $85.69 and traded as high as $86.67. Oxford Industries shares last traded at $86.31, with a volume of 336,753 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Citigroup reduced their price target on Oxford Industries from $92.00 to $65.00 and set a “sell” rating for the company in a report on Friday, September 13th. UBS Group reduced their target price on Oxford Industries from $81.00 to $80.00 and set a “neutral” rating for the company in a research note on Thursday, December 12th. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $86.00 price target on shares of Oxford Industries in a research note on Wednesday, December 4th.

Oxford Industries Trading Up 3.8 %

The company has a fifty day moving average of $79.85 and a 200-day moving average of $85.69. The company has a current ratio of 1.42, a quick ratio of 0.65 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of 96.98 and a beta of 1.56.

Oxford Industries (NYSE:OXM) last issued its quarterly earnings results on Wednesday, December 11th. The textile maker reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.20). The firm had revenue of $308.00 million during the quarter, compared to analyst estimates of $316.84 million. Oxford Industries had a return on equity of 19.09% and a net margin of 0.98%. The business’s revenue was down 5.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.01 earnings per share. As a group, equities research analysts anticipate that Oxford Industries, Inc. will post 6.62 earnings per share for the current fiscal year.

Oxford Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be paid a dividend of $0.67 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a $2.68 annualized dividend and a yield of 3.11%. Oxford Industries’s dividend payout ratio is presently 301.12%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Barclays PLC boosted its stake in Oxford Industries by 74.0% during the third quarter. Barclays PLC now owns 48,484 shares of the textile maker’s stock worth $4,208,000 after buying an additional 20,620 shares during the last quarter. Cerity Partners LLC grew its stake in shares of Oxford Industries by 25.6% in the 3rd quarter. Cerity Partners LLC now owns 10,644 shares of the textile maker’s stock valued at $923,000 after buying an additional 2,167 shares during the period. Jane Street Group LLC raised its position in shares of Oxford Industries by 73.7% during the 3rd quarter. Jane Street Group LLC now owns 36,812 shares of the textile maker’s stock valued at $3,194,000 after buying an additional 15,617 shares during the period. Maverick Capital Ltd. lifted its holdings in Oxford Industries by 673.5% in the second quarter. Maverick Capital Ltd. now owns 62,642 shares of the textile maker’s stock valued at $6,274,000 after acquiring an additional 54,544 shares during the last quarter. Finally, Victory Capital Management Inc. grew its position in Oxford Industries by 31.6% in the third quarter. Victory Capital Management Inc. now owns 652,726 shares of the textile maker’s stock worth $56,631,000 after acquiring an additional 156,634 shares during the period. 91.16% of the stock is owned by hedge funds and other institutional investors.

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.