Analysts Set Oxford Industries, Inc. (NYSE:OXM) PT at $34.25

Oxford Industries, Inc. (NYSE:OXM) has been given an average rating of “Reduce” by the seven ratings firms that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $38.00.

Several equities analysts recently weighed in on the company. Citigroup lifted their target price on Oxford Industries from $33.00 to $34.00 and gave the company a “neutral” rating in a research report on Monday, March 30th. Truist Financial lowered their target price 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. Wall Street Zen downgraded Oxford Industries from a “hold” rating to a “sell” rating in a research report on Sunday, April 5th. Weiss Ratings reiterated a “sell (d)” rating on shares of Oxford Industries in a research report on Monday, December 29th. Finally, Telsey Advisory Group lifted their target price on Oxford Industries from $36.00 to $51.00 and gave the company a “market perform” rating in a research report on Wednesday.

Oxford Industries Price Performance

NYSE OXM opened at $44.80 on Wednesday. The company has a market capitalization of $667.00 million, a PE ratio of -23.09 and a beta of 1.00. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.48 and a current ratio of 1.10. The business’s fifty day moving average is $39.29 and its 200 day moving average is $38.05. Oxford Industries has a fifty-two week low of $30.57 and a fifty-two week high of $60.31.

Oxford Industries (NYSE:OXM) last released its earnings results on Thursday, March 26th. The textile maker reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.14). The company had revenue of $374.49 million for the quarter, compared to analysts’ expectations of $372.30 million. Oxford Industries had a negative net margin of 1.89% and a positive return on equity of 5.68%. Oxford Industries’s revenue for the quarter was down 4.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.37 earnings per share. Sell-side analysts predict that Oxford Industries will post 2.51 earnings per share for the current year.

Oxford Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Friday, April 17th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 6.2%. This is a boost from Oxford Industries’s previous quarterly dividend of $0.69. The ex-dividend date is Friday, April 17th. Oxford Industries’s dividend payout ratio (DPR) is presently -144.33%.

Institutional Investors Weigh In On Oxford Industries

Institutional investors and hedge funds have recently bought and sold shares of the business. Hantz Financial Services Inc. raised its holdings in Oxford Industries by 245.9% during the third quarter. Hantz Financial Services Inc. now owns 671 shares of the textile maker’s stock valued at $27,000 after acquiring an additional 477 shares during the period. CWM LLC raised its holdings in Oxford Industries by 61.5% during the third quarter. CWM LLC now owns 801 shares of the textile maker’s stock valued at $32,000 after acquiring an additional 305 shares during the period. GAMMA Investing LLC raised its holdings 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 acquiring an additional 294 shares during the period. Quarry LP bought a new stake in Oxford Industries during the third quarter valued at about $38,000. Finally, Signaturefd LLC raised its holdings in Oxford Industries by 28.1% during the fourth quarter. Signaturefd LLC now owns 1,368 shares of the textile maker’s stock valued at $47,000 after acquiring an additional 300 shares during the period. 91.16% of the stock is owned by 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.