Oxford Industries, Inc. (NYSE:OXM – Get Free Report)’s stock price gapped down before the market opened on Thursday after Truist Financial lowered their price target on the stock from $56.00 to $47.00. The stock had previously closed at $50.03, but opened at $45.77. Truist Financial currently has a hold rating on the stock. Oxford Industries shares last traded at $45.56, with a volume of 214,904 shares.
A number of other equities analysts also recently issued reports on the company. Citigroup cut their target price on Oxford Industries from $47.00 to $44.00 and set a “sell” rating for the company in a research note on Thursday. KeyCorp reiterated a “sector weight” rating on shares of Oxford Industries in a report on Friday, March 28th. UBS Group raised their price objective on Oxford Industries from $54.00 to $56.00 and gave the company a “neutral” rating in a research note on Thursday, June 5th. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $52.00 price target on shares of Oxford Industries in a research report on Thursday. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $55.80.
View Our Latest Stock Report on Oxford Industries
Insider Activity at Oxford Industries
Hedge Funds Weigh In On Oxford Industries
A number of institutional investors and hedge funds have recently added to or reduced their stakes in OXM. Southernsun Asset Management LLC bought a new position in Oxford Industries during the fourth quarter worth $20,308,000. Senvest Management LLC bought a new stake in Oxford Industries during the fourth quarter worth approximately $19,352,000. Millennium Management LLC raised its position in Oxford Industries by 311.9% in the first quarter. Millennium Management LLC now owns 293,384 shares of the textile maker’s stock worth $17,213,000 after acquiring an additional 222,150 shares in the last quarter. Global Alpha Capital Management Ltd. bought a new stake in shares of Oxford Industries in the 4th quarter worth approximately $16,489,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Oxford Industries by 13.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 849,973 shares of the textile maker’s stock valued at $66,958,000 after buying an additional 103,253 shares in the last quarter. 91.16% of the stock is owned by hedge funds and other institutional investors.
Oxford Industries Trading Down 8.4%
The company has a fifty day simple moving average of $51.72 and a 200-day simple moving average of $66.12. The company has a current ratio of 1.42, a quick ratio of 0.71 and a debt-to-equity ratio of 0.09. The stock has a market cap of $586.38 million, a price-to-earnings ratio of 44.32 and a beta of 1.45.
Oxford Industries (NYSE:OXM – Get Free Report) last issued its earnings results on Wednesday, June 11th. The textile maker reported $1.82 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.82. The company had revenue of $392.86 million for the quarter, compared to the consensus estimate of $383.54 million. Oxford Industries had a return on equity of 19.09% and a net margin of 0.98%. The firm’s quarterly revenue was down 1.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.66 EPS. On average, research analysts forecast that Oxford Industries, Inc. will post 6.62 earnings per share for the current fiscal year.
Oxford Industries Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Friday, July 18th will be paid a $0.69 dividend. The ex-dividend date of this dividend is Friday, July 18th. This represents a $2.76 annualized dividend and a dividend yield of 7.00%. Oxford Industries’s payout ratio is 47.02%.
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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