Oxford Industries (NYSE:OXM) Receives “Sector Weight” Rating from KeyCorp

KeyCorp reissued their sector weight rating on shares of Oxford Industries (NYSE:OXM) in a report released on Friday, MarketBeat Ratings reports.

OXM has been the topic of a number of other research reports. Telsey Advisory Group dropped their price target on Oxford Industries from $86.00 to $68.00 and set a “market perform” rating on the stock in a research note on Monday, March 24th. UBS Group dropped their price objective on shares of Oxford Industries from $81.00 to $80.00 and set a “neutral” rating on the stock in a research report on Thursday, December 12th.

Oxford Industries Stock Performance

NYSE OXM opened at $58.93 on Friday. The firm has a market capitalization of $925.26 million, a P/E ratio of 66.21 and a beta of 1.61. 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 firm’s fifty day moving average price is $69.73 and its two-hundred day moving average price is $76.72. Oxford Industries has a 1 year low of $53.23 and a 1 year high of $111.46.

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

Oxford Industries Increases Dividend

The company 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. The ex-dividend date of this dividend is Thursday, April 17th. This is an increase from Oxford Industries’s previous quarterly dividend of $0.67. This represents a $2.76 annualized dividend and a yield of 4.68%. Oxford Industries’s payout ratio is 301.12%.

Insiders Place Their Bets

In related news, SVP Tracey Hernandez sold 1,250 shares of the company’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $86.92, for a total value of $108,650.00. Following the transaction, the senior vice president now directly owns 1,681 shares in the company, valued at approximately $146,112.52. This represents a 42.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 5.70% of the company’s stock.

Institutional Trading of Oxford Industries

A number of institutional investors have recently bought and sold shares of the business. Sanctuary Advisors LLC increased its holdings in shares of Oxford Industries by 3.7% during the fourth quarter. Sanctuary Advisors LLC now owns 3,799 shares of the textile maker’s stock worth $328,000 after purchasing an additional 137 shares during the period. Blue Trust Inc. increased its stake in Oxford Industries by 27.6% during the 4th quarter. Blue Trust Inc. now owns 739 shares of the textile maker’s stock worth $64,000 after acquiring an additional 160 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Oxford Industries by 3.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,430 shares of the textile maker’s stock worth $664,000 after acquiring an additional 280 shares during the period. Truvestments Capital LLC raised its holdings in Oxford Industries by 15.6% in the 4th quarter. Truvestments Capital LLC now owns 2,411 shares of the textile maker’s stock valued at $190,000 after acquiring an additional 326 shares in the last quarter. Finally, Inspire Investing LLC lifted its position in shares of Oxford Industries by 7.2% during the 4th quarter. Inspire Investing LLC now owns 5,089 shares of the textile maker’s stock valued at $401,000 after acquiring an additional 343 shares during the period. 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.