Oxford Industries (NYSE:OXM) Price Target Lowered to $91.00 at UBS Group

Oxford Industries (NYSE:OXM) had its price target decreased by UBS Group from $101.00 to $91.00 in a report published on Thursday morning, Benzinga reports. UBS Group currently has a neutral rating on the textile maker’s stock.

OXM has been the topic of several other reports. Telsey Advisory Group reiterated a market perform rating and set a $110.00 price target on shares of Oxford Industries in a research report on Thursday, June 13th. Citigroup dropped their price target on shares of Oxford Industries from $94.00 to $92.00 and set a sell rating on the stock in a research report on Thursday, June 13th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Oxford Industries currently has an average rating of Hold and an average target price of $100.60.

Oxford Industries Stock Performance

OXM stock opened at $83.57 on Thursday. The company has a 50-day simple moving average of $94.26 and a 200 day simple moving average of $101.42. The company has a market capitalization of $1.31 billion, a P/E ratio of 33.83 and a beta of 1.53. The company has a quick ratio of 0.68, a current ratio of 1.32 and a debt-to-equity ratio of 0.03. Oxford Industries has a fifty-two week low of $82.33 and a fifty-two week high of $113.88.

Oxford Industries (NYSE:OXM) last issued its quarterly earnings results on Wednesday, June 12th. The textile maker reported $2.66 earnings per share for the quarter, missing analysts’ consensus estimates of $2.70 by ($0.04). Oxford Industries had a return on equity of 23.78% and a net margin of 2.62%. The company had revenue of $398.18 million during the quarter, compared to analyst estimates of $404.81 million. During the same period in the prior year, the company posted $3.78 earnings per share. The company’s revenue was down 5.2% on a year-over-year basis. Sell-side analysts predict that Oxford Industries will post 8.8 earnings per share for the current fiscal year.

Oxford Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 2nd. Stockholders of record on Friday, July 19th were issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 3.21%. The ex-dividend date was Friday, July 19th. Oxford Industries’s dividend payout ratio is 108.50%.

Insider Buying and Selling

In other Oxford Industries news, EVP Thomas E. Campbell sold 17,540 shares of the company’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $99.91, for a total transaction of $1,752,421.40. Following the completion of the sale, the executive vice president now directly owns 24,865 shares of the company’s stock, valued at $2,484,262.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 5.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Oxford Industries

Hedge funds have recently made changes to their positions in the company. 1620 Investment Advisors Inc. purchased a new position in Oxford Industries during the 2nd quarter worth approximately $28,000. Quest Partners LLC acquired a new stake in shares of Oxford Industries in the fourth quarter worth $36,000. Quarry LP grew its holdings in shares of Oxford Industries by 4,650.0% during the second quarter. Quarry LP now owns 475 shares of the textile maker’s stock valued at $48,000 after buying an additional 465 shares in the last quarter. Natixis purchased a new position in shares of Oxford Industries during the first quarter valued at $109,000. Finally, SG Americas Securities LLC acquired a new position in Oxford Industries during the first quarter valued at $137,000. Hedge funds and other institutional investors own 91.16% of the company’s stock.

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.