Telsey Advisory Group Reiterates Market Perform Rating for Oxford Industries (NYSE:OXM)

Telsey Advisory Group reissued their market perform rating on shares of Oxford Industries (NYSE:OXM) in a report released on Thursday morning, Benzinga reports. They currently have a $110.00 target price on the textile maker’s stock.

A number of other analysts have also recently issued reports on the company. UBS Group lowered their target price on Oxford Industries from $101.00 to $91.00 and set a neutral rating for the company in a research note on Thursday. Citigroup reduced their price target on shares of Oxford Industries from $94.00 to $92.00 and set a sell rating for the company in a report on Thursday, June 13th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, Oxford Industries has a consensus rating of Hold and an average price target of $100.60.

Oxford Industries Trading Down 1.0 %

OXM opened at $83.57 on Thursday. The firm’s fifty day moving average is $94.26 and its two-hundred day moving average is $101.42. The firm has a market cap of $1.31 billion, a PE ratio of 33.83 and a beta of 1.53. Oxford Industries has a twelve month low of $82.33 and a twelve month high of $113.88. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.68 and a current ratio of 1.32.

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

Oxford Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 2nd. Stockholders of record on Friday, July 19th were issued a $0.67 dividend. The ex-dividend date of this dividend was Friday, July 19th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.21%. Oxford Industries’s dividend payout ratio (DPR) is presently 108.50%.

Insider Transactions at Oxford Industries

In related news, EVP Thomas E. Campbell sold 17,540 shares of the firm’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $99.91, for a total value of $1,752,421.40. Following the completion of the transaction, the executive vice president now 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 SEC, which can be accessed through the SEC website. 5.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Oxford Industries

Several hedge funds have recently modified their holdings of OXM. Capstone Investment Advisors LLC boosted its position in Oxford Industries by 161.5% during the first quarter. Capstone Investment Advisors LLC now owns 15,160 shares of the textile maker’s stock valued at $1,704,000 after purchasing an additional 9,363 shares during the last quarter. Boston Partners acquired a new stake in shares of Oxford Industries in the 1st quarter valued at approximately $990,000. Vanguard Group Inc. grew its stake in shares of Oxford Industries by 0.3% in the first quarter. Vanguard Group Inc. now owns 1,767,543 shares of the textile maker’s stock valued at $198,672,000 after buying an additional 4,869 shares in the last quarter. Nebula Research & Development LLC acquired a new position in Oxford Industries during the fourth quarter worth $761,000. Finally, Susquehanna Fundamental Investments LLC bought a new stake in Oxford Industries during the first quarter worth $2,056,000. 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.