Oxford Industries, Inc. (NYSE:OXM) Given Consensus Recommendation of “Reduce” by Brokerages

Oxford Industries, Inc. (NYSE:OXM) has received an average recommendation of “Reduce” from the seven brokerages that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $38.00.

Several brokerages have recently weighed in on OXM. Truist Financial reduced their price target on Oxford Industries from $38.00 to $32.00 and set a “hold” rating on the stock in a report on Friday, March 27th. UBS Group reduced their price target on Oxford Industries from $36.00 to $35.00 and set a “neutral” rating on the stock in a report on Thursday, March 19th. Citigroup increased their price target on Oxford Industries from $33.00 to $34.00 and gave the stock a “neutral” rating in a report on Monday, March 30th. Telsey Advisory Group increased their price target on Oxford Industries from $36.00 to $51.00 and gave the stock a “market perform” rating in a report on Wednesday, April 22nd. Finally, Zacks Research downgraded Oxford Industries from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 14th.

Oxford Industries Price Performance

NYSE:OXM opened at $41.68 on Friday. The firm has a market capitalization of $620.67 million, a price-to-earnings ratio of -21.49 and a beta of 1.03. Oxford Industries has a 1 year low of $30.57 and a 1 year high of $56.39. The business has a 50 day simple moving average of $40.24 and a 200-day simple moving average of $38.48. 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 (NYSE:OXM) last posted its quarterly earnings data on Thursday, March 26th. The textile maker reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $374.49 million during the quarter, compared to the consensus estimate of $372.30 million. During the same period in the previous year, the business earned $1.37 earnings per share. Oxford Industries’s revenue for the quarter was down 4.1% on a year-over-year basis. Equities analysts forecast that Oxford Industries will post 2.51 EPS for the current year.

Oxford Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 1st. Stockholders of record on Friday, April 17th were issued a $0.70 dividend. The ex-dividend date was Friday, April 17th. This is a positive change from Oxford Industries’s previous quarterly dividend of $0.69. This represents a $2.80 annualized dividend and a dividend yield of 6.7%. Oxford Industries’s dividend payout ratio (DPR) is currently -144.33%.

Institutional Investors Weigh In On Oxford Industries

Several hedge funds and other institutional investors have recently modified their holdings of OXM. Hantz Financial Services Inc. increased its holdings in Oxford Industries by 245.9% during the 3rd quarter. Hantz Financial Services Inc. now owns 671 shares of the textile maker’s stock worth $27,000 after purchasing an additional 477 shares during the period. CWM LLC increased its holdings in Oxford Industries by 61.5% during the 3rd quarter. CWM LLC now owns 801 shares of the textile maker’s stock worth $32,000 after purchasing an additional 305 shares during the period. GAMMA Investing LLC increased its holdings in Oxford Industries by 46.6% during the 4th quarter. GAMMA Investing LLC now owns 925 shares of the textile maker’s stock worth $32,000 after purchasing an additional 294 shares during the period. Quarry LP purchased a new position in Oxford Industries during the 3rd quarter worth $38,000. Finally, Signaturefd LLC increased its holdings in Oxford Industries by 28.1% during the 4th quarter. Signaturefd LLC now owns 1,368 shares of the textile maker’s stock worth $47,000 after purchasing an additional 300 shares during the period. 91.16% of the stock is currently owned by hedge funds and other institutional investors.

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.