Oxford Industries (NYSE:OXM) PT Lowered to $91.00 at UBS Group

Oxford Industries (NYSE:OXM) had its target price reduced by UBS Group from $101.00 to $91.00 in a report published on Thursday, Benzinga reports. They currently have a neutral rating on the textile maker’s stock.

Several other research firms also recently weighed in on OXM. Telsey Advisory Group reissued a market perform rating and issued a $110.00 target price on shares of Oxford Industries in a research report on Thursday, June 13th. Citigroup cut their price objective on Oxford Industries from $94.00 to $92.00 and set a sell rating on the stock in a research note on Thursday, June 13th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of Hold and a consensus target price of $100.60.

Oxford Industries Trading Down 1.0 %

NYSE:OXM opened at $83.57 on Thursday. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of 33.83 and a beta of 1.53. Oxford Industries has a one year low of $82.33 and a one year high of $113.88. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.68 and a current ratio of 1.32. The business’s 50-day simple moving average is $94.26 and its 200 day simple moving average is $101.42.

Oxford Industries (NYSE:OXM) last released its earnings results on Wednesday, June 12th. The textile maker reported $2.66 EPS for the quarter, missing the consensus estimate of $2.70 by ($0.04). The business had revenue of $398.18 million for the quarter, compared to analysts’ expectations of $404.81 million. Oxford Industries had a net margin of 2.62% and a return on equity of 23.78%. The business’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same quarter last year, the company posted $3.78 earnings per share. As a group, sell-side analysts predict that Oxford Industries will post 8.8 earnings per share for the current fiscal year.

Oxford Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 2nd. Investors of record on Friday, July 19th were paid a dividend of $0.67 per share. The ex-dividend date was Friday, July 19th. This represents a $2.68 annualized dividend and a yield of 3.21%. Oxford Industries’s dividend payout ratio (DPR) is 108.50%.

Insider Buying and Selling at Oxford Industries

In other news, EVP Thomas E. Campbell sold 17,540 shares of the stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $99.91, for a total transaction of $1,752,421.40. Following the sale, the executive vice president now directly owns 24,865 shares in the company, valued at approximately $2,484,262.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in OXM. 1620 Investment Advisors Inc. acquired a new position in shares of Oxford Industries during the second quarter valued at $28,000. Quest Partners LLC bought a new stake in Oxford Industries in the 4th quarter valued at about $36,000. Quarry LP boosted its stake in Oxford Industries by 4,650.0% during the 2nd quarter. Quarry LP now owns 475 shares of the textile maker’s stock valued at $48,000 after purchasing an additional 465 shares during the period. Natixis bought a new position in Oxford Industries in the 1st quarter worth about $109,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Oxford Industries in the first quarter valued at approximately $137,000. 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; 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.