Oxford Industries’ (OXM) Market Perform Rating Reiterated at Telsey Advisory Group

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

OXM has been the topic of several other reports. Citigroup lowered Oxford Industries from a neutral rating to a sell rating and cut their price objective for the company from $98.00 to $94.00 in a research report on Monday, April 1st. UBS Group dropped their target price on Oxford Industries from $106.00 to $104.00 and set a neutral rating on the stock in a research report on Monday, April 1st. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of Hold and a consensus price target of $103.60.

Oxford Industries Trading Up 0.9 %

NYSE:OXM opened at $106.72 on Wednesday. The business’s 50-day moving average is $105.17 and its two-hundred day moving average is $98.26. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.22 and a quick ratio of 0.55. Oxford Industries has a 12 month low of $82.33 and a 12 month high of $113.88. The firm has a market capitalization of $1.67 billion, a PE ratio of 28.92 and a beta of 1.60.

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

Oxford Industries Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 3rd. Stockholders of record on Friday, April 19th 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 2.51%. This is a positive change from Oxford Industries’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Thursday, April 18th. Oxford Industries’s payout ratio is presently 72.63%.

Insider Buying and Selling

In related news, CEO Douglas B. Wood sold 33,587 shares of Oxford Industries stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $104.95, for a total value of $3,524,955.65. Following the completion of the transaction, the chief executive officer now directly owns 12,394 shares in the company, valued at $1,300,750.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 6.00% of the company’s stock.

Hedge Funds Weigh In On Oxford Industries

Hedge funds have recently bought and sold shares of the company. Moody Aldrich Partners LLC acquired a new position in Oxford Industries in the fourth quarter worth about $2,280,000. American Century Companies Inc. boosted its stake in Oxford Industries by 15.2% in the third quarter. American Century Companies Inc. now owns 200,637 shares of the textile maker’s stock valued at $19,287,000 after acquiring an additional 26,532 shares during the period. Neumeier Poma Investment Counsel LLC grew its holdings in shares of Oxford Industries by 2.2% during the third quarter. Neumeier Poma Investment Counsel LLC now owns 133,920 shares of the textile maker’s stock valued at $12,874,000 after purchasing an additional 2,920 shares during the last quarter. Earnest Partners LLC grew its holdings in shares of Oxford Industries by 31.0% during the third quarter. Earnest Partners LLC now owns 120,176 shares of the textile maker’s stock valued at $11,553,000 after purchasing an additional 28,452 shares during the last quarter. Finally, Illinois Municipal Retirement Fund bought a new position in shares of Oxford Industries during the third quarter valued at approximately $868,000. 91.16% of the stock is currently owned by institutional investors and hedge funds.

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.