Oxford Industries’ (OXM) “Market Perform” Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reiterated their market perform rating on shares of Oxford Industries (NYSE:OXM) in a research report released on Wednesday,Benzinga reports. Telsey Advisory Group currently has a $86.00 price objective on the textile maker’s stock.

OXM has been the subject of several other research reports. Citigroup lowered their price objective on shares of Oxford Industries from $92.00 to $65.00 and set a “sell” rating for the company in a research report on Friday, September 13th. UBS Group lowered their target price on shares of Oxford Industries from $101.00 to $91.00 and set a “neutral” rating for the company in a report on Thursday, September 5th.

Oxford Industries Stock Down 0.2 %

OXM stock opened at $79.85 on Wednesday. Oxford Industries has a 52 week low of $72.24 and a 52 week high of $113.88. The company has a fifty day simple moving average of $77.87 and a two-hundred day simple moving average of $89.49. The firm has a market capitalization of $1.25 billion, a P/E ratio of 43.87 and a beta of 1.56.

Oxford Industries (NYSE:OXM) last released its quarterly earnings data on Wednesday, September 11th. The textile maker reported $2.77 EPS for the quarter, missing the consensus estimate of $3.00 by ($0.23). Oxford Industries had a net margin of 1.92% and a return on equity of 21.93%. The business had revenue of $419.89 million for the quarter, compared to the consensus estimate of $438.16 million. During the same quarter last year, the business earned $3.45 EPS. Oxford Industries’s revenue for the quarter was down .1% compared to the same quarter last year. As a group, analysts anticipate that Oxford Industries will post 7.16 EPS for the current year.

Oxford Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Friday, October 18th were issued a $0.67 dividend. The ex-dividend date was Friday, October 18th. This represents a $2.68 annualized dividend and a dividend yield of 3.36%. Oxford Industries’s dividend payout ratio (DPR) is presently 147.25%.

Insider Transactions at Oxford Industries

In related news, EVP Scott Grassmyer sold 1,495 shares of Oxford Industries stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $86.77, for a total transaction of $129,721.15. Following the completion of the sale, the executive vice president now owns 31,428 shares in the company, valued at $2,727,007.56. This trade represents a 4.54 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 5.70% of the company’s stock.

Institutional Investors Weigh In On Oxford Industries

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FMR LLC lifted its holdings in Oxford Industries by 36.8% during the 3rd quarter. FMR LLC now owns 906,324 shares of the textile maker’s stock valued at $78,633,000 after buying an additional 244,022 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Oxford Industries by 31.6% during the 3rd quarter. Victory Capital Management Inc. now owns 652,726 shares of the textile maker’s stock valued at $56,631,000 after buying an additional 156,634 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Oxford Industries by 4.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 568,234 shares of the textile maker’s stock valued at $49,300,000 after buying an additional 25,619 shares in the last quarter. State Street Corp lifted its holdings in Oxford Industries by 1.3% during the 3rd quarter. State Street Corp now owns 559,581 shares of the textile maker’s stock valued at $48,549,000 after buying an additional 7,336 shares in the last quarter. Finally, Wellington Management Group LLP lifted its holdings in Oxford Industries by 22.7% during the 3rd quarter. Wellington Management Group LLP now owns 553,382 shares of the textile maker’s stock valued at $48,011,000 after buying an additional 102,525 shares in the last quarter. Institutional investors own 91.16% of the company’s stock.

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.