Oxford Industries, Inc. (NYSE:OXM) Receives $38.00 Consensus Target Price from Analysts

by · The Cerbat Gem

Oxford Industries, Inc. (NYSE:OXM – Get Free Report) has earned an average recommendation of “Reduce” from the seven analysts that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell rating and five have given a hold rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $38.00.

A number of brokerages have recently issued reports on OXM. Zacks Research downgraded Oxford Industries from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 14th. Citigroup boosted their price objective on Oxford Industries from $33.00 to $34.00 and gave the company a “neutral” rating in a research note on Monday, March 30th. Wall Street Zen downgraded Oxford Industries from a “hold” rating to a “sell” rating in a research note on Sunday, April 5th. Truist Financial dropped their price objective on Oxford Industries from $38.00 to $32.00 and set a “hold” rating on the stock in a research note on Friday, March 27th. Finally, Telsey Advisory Group boosted their price objective on Oxford Industries from $36.00 to $51.00 and gave the company a “market perform” rating in a research note on Wednesday, April 22nd.

Read Our Latest Research Report on Oxford Industries

Institutional Trading of Oxford Industries

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OXM. AQR Capital Management LLC increased its position in Oxford Industries by 33.9% in the 1st quarter. AQR Capital Management LLC now owns 6,495 shares of the textile maker’s stock valued at $381,000 after buying an additional 1,643 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Oxford Industries by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,817 shares of the textile maker’s stock valued at $517,000 after buying an additional 387 shares in the last quarter. Millennium Management LLC increased its position in Oxford Industries by 311.9% in the 1st quarter. Millennium Management LLC now owns 293,384 shares of the textile maker’s stock valued at $17,213,000 after buying an additional 222,150 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Oxford Industries by 22.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 29,906 shares of the textile maker’s stock valued at $1,755,000 after buying an additional 5,577 shares in the last quarter. Finally, Norges Bank bought a new stake in Oxford Industries in the 2nd quarter valued at about $369,000. 91.16% of the stock is owned by institutional investors.

Oxford Industries Stock Up 2.9%

Shares of NYSE:OXM opened at $39.08 on Friday. The company has a market capitalization of $581.86 million, a price-to-earnings ratio of -20.14 and a beta of 1.03. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.48. The business’s 50-day moving average is $40.15 and its 200-day moving average is $38.46. Oxford Industries has a 1 year low of $30.57 and a 1 year high of $56.39.

Oxford Industries (NYSE:OXM – Get Free Report) last announced its quarterly earnings data on Thursday, March 26th. The textile maker reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.14). The business had revenue of $374.49 million during the quarter, compared to analyst estimates of $372.30 million. Oxford Industries had a negative net margin of 1.89% and a positive return on equity of 5.68%. The firm’s revenue for the quarter was down 4.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.37 earnings per share. Equities research analysts predict that Oxford Industries will post 2.51 earnings per share for the current year.

Oxford Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 1st. Investors of record on Friday, April 17th were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 7.2%. The ex-dividend date of this dividend was Friday, April 17th. This is a positive change from Oxford Industries’s previous quarterly dividend of $0.69. Oxford Industries’s dividend payout ratio is presently -144.33%.

About Oxford Industries

(Get Free Report)

Oxford Industries, Inc, incorporated in 1942 and headquartered in Atlanta, Georgia, is a leading designer, marketer and distributor of high-quality men’s and women’s lifestyle apparel and accessories. The company’s product portfolio features a mix of owned brands and licensed partnerships that span casual, resort and performance categories. Key owned brands include Tommy Bahama, renowned for its island-inspired menswear and women’s sportswear, and Southern Tide, which offers coastal-focused clothing and footwear.

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