Oxford Industries (NYSE:OXM) Given New $57.00 Price Target at UBS Group

Oxford Industries (NYSE:OXM) had its price target lowered by UBS Group from $66.00 to $57.00 in a research note published on Friday morning,Benzinga reports. The brokerage currently has a neutral rating on the textile maker’s stock.

A number of other research firms also recently weighed in on OXM. Telsey Advisory Group dropped their target price on Oxford Industries from $86.00 to $68.00 and set a “market perform” rating for the company in a report on Monday, March 24th. KeyCorp reiterated a “sector weight” rating on shares of Oxford Industries in a research note on Friday.

Oxford Industries Stock Down 5.8 %

Shares of OXM opened at $58.93 on Friday. The firm has a market cap of $925.26 million, a P/E ratio of 66.21 and a beta of 1.61. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.71 and a current ratio of 1.42. Oxford Industries has a 52 week low of $53.23 and a 52 week high of $111.46. The firm’s 50-day simple moving average is $69.73 and its 200 day simple moving average is $76.72.

Oxford Industries (NYSE:OXM) last posted its earnings results on Thursday, March 27th. The textile maker reported $1.37 EPS for the quarter, beating the consensus estimate of $1.28 by $0.09. The company had revenue of $390.51 million for the quarter, compared to the consensus estimate of $383.94 million. Oxford Industries had a return on equity of 19.09% and a net margin of 0.98%. The firm’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.90 earnings per share. On average, analysts forecast that Oxford Industries will post 6.62 earnings per share for the current year.

Oxford Industries Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Thursday, April 17th will be paid a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 4.68%. The ex-dividend date is Thursday, April 17th. This is an increase from Oxford Industries’s previous quarterly dividend of $0.67. Oxford Industries’s payout ratio is 301.12%.

Insiders Place Their Bets

In other news, SVP Tracey Hernandez sold 1,250 shares of the business’s stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $86.92, for a total value of $108,650.00. Following the completion of the transaction, the senior vice president now directly owns 1,681 shares in the company, valued at approximately $146,112.52. The trade was a 42.65 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 5.70% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in OXM. Quadrant Capital Group LLC boosted its holdings in shares of Oxford Industries by 981.6% in the 4th quarter. Quadrant Capital Group LLC now owns 411 shares of the textile maker’s stock valued at $32,000 after purchasing an additional 373 shares in the last quarter. Venturi Wealth Management LLC bought a new stake in shares of Oxford Industries during the 4th quarter worth $63,000. Blue Trust Inc. boosted its stake in Oxford Industries by 27.6% in the fourth quarter. Blue Trust Inc. now owns 739 shares of the textile maker’s stock valued at $64,000 after buying an additional 160 shares in the last quarter. Vestcor Inc bought a new position in Oxford Industries in the fourth quarter valued at about $100,000. Finally, Advisors Asset Management Inc. raised its stake in Oxford Industries by 223.3% during the third quarter. Advisors Asset Management Inc. now owns 1,568 shares of the textile maker’s stock worth $136,000 after acquiring an additional 1,083 shares in the last quarter. 91.16% of the stock is owned by institutional investors.

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.