Oxford Industries (NYSE:OXM) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

Oxford Industries, Inc. (NYSE:OXM) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $85.69 and traded as high as $86.67. Oxford Industries shares last traded at $86.31, with a volume of 336,753 shares.

Analyst Ratings Changes

OXM has been the topic of several recent analyst reports. Telsey Advisory Group reiterated a “market perform” rating and issued a $86.00 target price on shares of Oxford Industries in a report on Wednesday, December 4th. Citigroup lowered their target price on Oxford Industries from $92.00 to $65.00 and set a “sell” rating on the stock in a report on Friday, September 13th. Finally, UBS Group cut their price target on Oxford Industries from $81.00 to $80.00 and set a “neutral” rating for the company in a report on Thursday, December 12th.

Oxford Industries Price Performance

The company has a market cap of $1.35 billion, a P/E ratio of 96.83 and a beta of 1.56. The stock has a 50-day simple moving average of $79.85 and a 200 day simple moving average of $85.69. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.65 and a current ratio of 1.42.

Oxford Industries (NYSE:OXM) last announced its quarterly earnings data on Wednesday, December 11th. The textile maker reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.20). Oxford Industries had a net margin of 0.98% and a return on equity of 19.09%. The business had revenue of $308.00 million during the quarter, compared to analyst estimates of $316.84 million. During the same quarter in the prior year, the company posted $1.01 EPS. The company’s quarterly revenue was down 5.7% compared to the same quarter last year. On average, equities analysts expect that Oxford Industries, Inc. will post 6.62 EPS for the current year.

Oxford Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date of this dividend is Friday, January 17th. Oxford Industries’s dividend payout ratio is currently 301.12%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in OXM. Quarry LP increased its stake in Oxford Industries by 4,650.0% during the 2nd quarter. Quarry LP now owns 475 shares of the textile maker’s stock worth $48,000 after purchasing an additional 465 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in shares of Oxford Industries by 223.3% in the third quarter. Advisors Asset Management Inc. now owns 1,568 shares of the textile maker’s stock valued at $136,000 after purchasing an additional 1,083 shares during the last quarter. M&T Bank Corp acquired a new position in Oxford Industries during the third quarter worth $206,000. Verity Asset Management Inc. acquired a new stake in Oxford Industries in the 3rd quarter valued at $233,000. Finally, Mercer Global Advisors Inc. ADV lifted its position in Oxford Industries by 4.7% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 3,359 shares of the textile maker’s stock worth $336,000 after buying an additional 150 shares in the last quarter. 91.16% of the stock is currently owned by institutional investors.

About Oxford Industries

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.