Oxford Industries (NYSE:OXM) Receives “Market Perform” Rating from Telsey Advisory Group

Telsey Advisory Group restated their market perform rating on shares of Oxford Industries (NYSE:OXM) in a research note released on Wednesday morning, Benzinga reports. They currently have a $110.00 price target on the textile maker’s stock.

Several other equities analysts have also recently weighed in on the company. Citigroup cut Oxford Industries from a neutral rating to a sell rating and cut their price objective for the stock from $98.00 to $94.00 in a research report on Monday, April 1st. UBS Group lowered their price target on Oxford Industries from $106.00 to $104.00 and set a neutral rating on the stock in a research note on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of Hold and an average target price of $103.60.

Oxford Industries Price Performance

Shares of NYSE:OXM opened at $107.25 on Wednesday. Oxford Industries has a fifty-two week low of $82.33 and a fifty-two week high of $113.88. The business has a 50-day moving average of $104.90 and a two-hundred day moving average of $98.11. The stock has a market capitalization of $1.68 billion, a P/E ratio of 29.07 and a beta of 1.60. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.22 and a quick ratio of 0.55.

Oxford Industries (NYSE:OXM) last posted its quarterly earnings data on Thursday, March 28th. The textile maker reported $1.90 earnings per share for the quarter, missing the consensus estimate of $1.92 by ($0.02). Oxford Industries had a return on equity of 26.71% and a net margin of 3.86%. The business had revenue of $404.43 million for the quarter, compared to analyst estimates of $408.28 million. During the same period in the prior year, the firm posted $2.28 EPS. Oxford Industries’s revenue for the quarter was up 5.7% on a year-over-year basis. On average, equities research analysts predict that Oxford Industries will post 9.47 EPS for the current fiscal year.

Oxford Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 3rd. Stockholders of record on Friday, April 19th will be paid a $0.67 dividend. This is a positive change from Oxford Industries’s previous quarterly dividend of $0.65. This represents a $2.68 annualized dividend and a dividend yield of 2.50%. The ex-dividend date of this dividend is Thursday, April 18th. Oxford Industries’s dividend payout ratio is currently 72.63%.

Insider Activity

In other news, CEO Douglas B. Wood sold 33,587 shares of the company’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $104.95, for a total value of $3,524,955.65. Following the sale, the chief executive officer now directly owns 12,394 shares in the company, valued at approximately $1,300,750.30. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 6.00% of the company’s stock.

Institutional Investors Weigh In On Oxford Industries

Several large investors have recently modified their holdings of OXM. Ziegler Capital Management LLC grew its position in Oxford Industries by 5.8% during the 3rd quarter. Ziegler Capital Management LLC now owns 8,516 shares of the textile maker’s stock worth $819,000 after acquiring an additional 466 shares during the last quarter. Commonwealth Equity Services LLC bought a new stake in Oxford Industries during the 3rd quarter worth approximately $292,000. GW Henssler & Associates Ltd. bought a new stake in Oxford Industries during the 3rd quarter worth approximately $211,000. Brown Advisory Inc. grew its position in Oxford Industries by 5.7% during the 3rd quarter. Brown Advisory Inc. now owns 100,557 shares of the textile maker’s stock worth $9,667,000 after acquiring an additional 5,411 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Oxford Industries by 24.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,941 shares of the textile maker’s stock worth $283,000 after acquiring an additional 583 shares during 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; 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; and men, women, and kids products under the Southern Tide brand.