Oxford Industries (NYSE:OXM) Earns Market Perform Rating from Telsey Advisory Group

Telsey Advisory Group restated their market perform rating on shares of Oxford Industries (NYSE:OXM) in a research note released on Wednesday morning, Benzinga reports. The brokerage currently has a $110.00 target price on the textile maker’s stock.

Several other analysts have also weighed in on OXM. Citigroup lowered shares of Oxford Industries from a neutral rating to a sell rating and dropped their price objective for the stock from $98.00 to $94.00 in a report on Monday, April 1st. UBS Group dropped their price objective on shares of Oxford Industries from $106.00 to $104.00 and set a neutral rating for the company in a report on Monday, April 1st. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. According to MarketBeat, Oxford Industries presently has an average rating of Hold and a consensus price target of $103.60.

Oxford Industries Stock Performance

NYSE:OXM opened at $106.71 on Wednesday. Oxford Industries has a 12-month low of $82.33 and a 12-month high of $113.88. The company has a quick ratio of 0.55, a current ratio of 1.22 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $1.67 billion, a PE ratio of 28.92 and a beta of 1.60. The firm has a 50-day moving average price of $105.17 and a 200 day moving average price of $98.29.

Oxford Industries (NYSE:OXM) last posted its quarterly earnings data on Thursday, March 28th. The textile maker reported $1.90 earnings per share for the quarter, missing the consensus estimate of $1.92 by ($0.02). The firm had revenue of $404.43 million for the quarter, compared to analyst estimates of $408.28 million. Oxford Industries had a return on equity of 26.71% and a net margin of 3.86%. The business’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the business posted $2.28 EPS. Research analysts anticipate that Oxford Industries will post 9.47 earnings per share for the current fiscal year.

Oxford Industries Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 3rd. Investors of record on Friday, April 19th will be issued a $0.67 dividend. The ex-dividend date of this dividend is Thursday, April 18th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.51%. This is a positive change from Oxford Industries’s previous quarterly dividend of $0.65. Oxford Industries’s dividend payout ratio (DPR) is currently 72.63%.

Insider Activity at Oxford Industries

In related news, CEO Douglas B. Wood sold 33,587 shares of the firm’s stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $104.95, for a total value of $3,524,955.65. Following the completion of the sale, the chief executive officer now owns 12,394 shares of the company’s stock, valued at $1,300,750.30. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 6.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Oxford Industries

A number of hedge funds and other institutional investors have recently bought and sold shares of OXM. Ziegler Capital Management LLC boosted its stake in Oxford Industries by 5.8% in the third quarter. Ziegler Capital Management LLC now owns 8,516 shares of the textile maker’s stock valued at $819,000 after acquiring an additional 466 shares during the last quarter. Commonwealth Equity Services LLC bought a new position in Oxford Industries in the third quarter valued at approximately $292,000. GW Henssler & Associates Ltd. bought a new position in Oxford Industries in the third quarter valued at approximately $211,000. Brown Advisory Inc. boosted its stake in Oxford Industries by 5.7% in the third quarter. Brown Advisory Inc. now owns 100,557 shares of the textile maker’s stock valued at $9,667,000 after acquiring an additional 5,411 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Oxford Industries by 24.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,941 shares of the textile maker’s stock worth $283,000 after purchasing an additional 583 shares in the last quarter. 91.16% of the stock is owned by institutional investors.

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; 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; and men, women, and kids products under the Southern Tide brand.