Oxford Industries, Inc. (NYSE:OXM) Receives Consensus Rating of “Reduce” from Analysts

Shares of Oxford Industries, Inc. (NYSE:OXM) have received an average recommendation of “Reduce” from the seven brokerages that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $38.00.

A number of brokerages have recently issued reports on OXM. Citigroup upped their target price on shares of Oxford Industries from $33.00 to $34.00 and gave the stock a “neutral” rating in a research report on Monday, March 30th. Zacks Research lowered shares of Oxford Industries from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 14th. Wall Street Zen lowered shares of Oxford Industries from a “hold” rating to a “sell” rating in a research report on Sunday, April 5th. Telsey Advisory Group upped their target price on shares of Oxford Industries from $36.00 to $51.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 22nd. Finally, Truist Financial cut their price objective on shares of Oxford Industries from $38.00 to $32.00 and set a “hold” rating on the stock in a report on Friday, March 27th.

Hedge Funds Weigh In On Oxford Industries

Large investors have recently bought and sold shares of the business. Hantz Financial Services Inc. lifted its holdings in Oxford Industries by 245.9% in the third quarter. Hantz Financial Services Inc. now owns 671 shares of the textile maker’s stock valued at $27,000 after buying an additional 477 shares during the period. CWM LLC lifted its holdings in Oxford Industries by 61.5% in the third quarter. CWM LLC now owns 801 shares of the textile maker’s stock valued at $32,000 after buying an additional 305 shares during the period. GAMMA Investing LLC lifted its holdings in Oxford Industries by 46.6% in the fourth quarter. GAMMA Investing LLC now owns 925 shares of the textile maker’s stock valued at $32,000 after buying an additional 294 shares during the period. Quarry LP acquired a new position in Oxford Industries in the third quarter valued at approximately $38,000. Finally, Signaturefd LLC lifted its holdings in Oxford Industries by 28.1% in the fourth quarter. Signaturefd LLC now owns 1,368 shares of the textile maker’s stock valued at $47,000 after buying an additional 300 shares during the period. 91.16% of the stock is currently owned by institutional investors and hedge funds.

Oxford Industries Price Performance

Shares of OXM stock opened at $39.48 on Friday. Oxford Industries has a 1 year low of $30.57 and a 1 year high of $57.55. The firm’s 50 day moving average is $40.16 and its 200-day moving average is $38.45. The firm has a market capitalization of $587.86 million, a price-to-earnings ratio of -20.35 and a beta of 1.03. The company has a current ratio of 1.10, a quick ratio of 0.48 and a debt-to-equity ratio of 0.23.

Oxford Industries (NYSE:OXM) last announced its earnings results on Thursday, March 26th. The textile maker reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.14). Oxford Industries had a positive return on equity of 5.68% and a negative net margin of 1.89%.The company had revenue of $374.49 million for the quarter, compared to analyst estimates of $372.30 million. During the same quarter in the previous year, the company posted $1.37 earnings per share. Oxford Industries’s revenue for the quarter was down 4.1% on a year-over-year basis. Sell-side analysts forecast that Oxford Industries will post 2.51 EPS for the current fiscal year.

Oxford Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 1st. Investors of record on Friday, April 17th were issued a $0.70 dividend. This is an increase from Oxford Industries’s previous quarterly dividend of $0.69. This represents a $2.80 annualized dividend and a yield of 7.1%. The ex-dividend date was Friday, April 17th. Oxford Industries’s dividend payout ratio (DPR) is currently -144.33%.

About Oxford Industries

Oxford Industries, Inc, incorporated in 1942 and headquartered in Atlanta, Georgia, is a leading designer, marketer and distributor of high-quality men’s and women’s lifestyle apparel and accessories. The company’s product portfolio features a mix of owned brands and licensed partnerships that span casual, resort and performance categories. Key owned brands include Tommy Bahama, renowned for its island-inspired menswear and women’s sportswear, and Southern Tide, which offers coastal-focused clothing and footwear.