Oxford Industries, Inc. (NYSE:OXM – Get Free Report) was the recipient of a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 2,650,000 shares, an increase of 21.6% from the August 15th total of 2,180,000 shares. Currently, 17.5% of the shares of the company are sold short. Based on an average daily volume of 316,000 shares, the days-to-cover ratio is currently 8.4 days.
Analysts Set New Price Targets
OXM has been the topic of several analyst reports. Telsey Advisory Group lowered their target price on Oxford Industries from $110.00 to $86.00 and set a “market perform” rating on the stock in a research report on Thursday. Citigroup cut their price objective on shares of Oxford Industries from $92.00 to $65.00 and set a “sell” rating on the stock in a research note on Friday. Finally, UBS Group decreased their target price on shares of Oxford Industries from $101.00 to $91.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $90.40.
Get Our Latest Analysis on Oxford Industries
Hedge Funds Weigh In On Oxford Industries
Oxford Industries Price Performance
OXM stock traded up $1.06 during trading hours on Friday, hitting $85.15. 588,347 shares of the stock traded hands, compared to its average volume of 256,043. The stock has a 50-day simple moving average of $92.74 and a 200 day simple moving average of $100.83. The company has a market cap of $1.34 billion, a P/E ratio of 34.47 and a beta of 1.53. The company has a current ratio of 1.32, a quick ratio of 0.68 and a debt-to-equity ratio of 0.03. Oxford Industries has a one year low of $74.95 and a one year high of $113.88.
Oxford Industries (NYSE:OXM – Get Free Report) last issued its earnings results on Wednesday, September 11th. The textile maker reported $2.77 earnings per share for the quarter, missing analysts’ consensus estimates of $3.00 by ($0.23). The business had revenue of $419.89 million for the quarter, compared to the consensus estimate of $438.16 million. Oxford Industries had a return on equity of 22.19% and a net margin of 1.92%. The company’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.45 earnings per share. Equities analysts forecast that Oxford Industries will post 8.8 earnings per share for the current year.
Oxford Industries Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Friday, October 18th will be given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date of this dividend is Friday, October 18th. Oxford Industries’s dividend payout ratio (DPR) is presently 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.
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