Brokerages Set Oxford Industries, Inc. (NYSE:OXM) Target Price at $34.00

Shares of Oxford Industries, Inc. (NYSE:OXM) have been given an average recommendation of “Reduce” by the seven analysts that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and six have issued a hold recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $34.25.

A number of research firms have recently issued reports on OXM. Zacks Research upgraded Oxford Industries from a “strong sell” rating to a “hold” rating in a report on Monday, March 16th. Weiss Ratings reiterated a “sell (d)” rating on shares of Oxford Industries in a report on Monday, December 29th. Truist Financial dropped their price target on Oxford Industries from $38.00 to $32.00 and set a “hold” rating on the stock in a research report on Friday, March 27th. Telsey Advisory Group reduced their price objective on Oxford Industries from $40.00 to $36.00 and set a “market perform” rating for the company in a research note on Friday, March 27th. Finally, Wall Street Zen upgraded Oxford Industries from a “sell” rating to a “hold” rating in a research report on Saturday, March 28th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OXM. Hantz Financial Services Inc. lifted its position in Oxford Industries by 245.9% in the 3rd quarter. Hantz Financial Services Inc. now owns 671 shares of the textile maker’s stock worth $27,000 after buying an additional 477 shares in the last quarter. CWM LLC raised its holdings in shares of Oxford Industries by 61.5% during the third quarter. CWM LLC now owns 801 shares of the textile maker’s stock worth $32,000 after acquiring an additional 305 shares in the last quarter. GAMMA Investing LLC boosted its position in Oxford Industries by 46.6% during the fourth quarter. GAMMA Investing LLC now owns 925 shares of the textile maker’s stock valued at $32,000 after purchasing an additional 294 shares during the last quarter. Quarry LP purchased a new position in Oxford Industries in the third quarter valued at about $38,000. Finally, Signaturefd LLC grew its stake 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 purchasing an additional 300 shares in the last quarter. 91.16% of the stock is owned by hedge funds and other institutional investors.

Oxford Industries Stock Performance

Shares of OXM opened at $38.56 on Friday. The company has a 50-day moving average of $37.61 and a two-hundred day moving average of $37.97. The stock has a market cap of $574.16 million, a price-to-earnings ratio of -19.88 and a beta of 1.00. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.48. Oxford Industries has a one year low of $30.57 and a one year high of $61.02.

Oxford Industries (NYSE:OXM) last released its quarterly 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 negative net margin of 1.89% and a positive return on equity of 5.68%. The firm had revenue of $374.49 million for the quarter, compared to analyst estimates of $372.30 million. During the same quarter in the prior year, the firm earned $1.37 EPS. The firm’s revenue was down 4.1% compared to the same quarter last year. On average, equities research analysts expect that Oxford Industries will post 6.62 earnings per share for the current year.

Oxford Industries Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Friday, April 17th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 7.3%. This is a positive change from Oxford Industries’s previous quarterly dividend of $0.69. The ex-dividend date of this dividend is Friday, April 17th. Oxford Industries’s payout ratio is currently -142.27%.

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.