Brokerages Set Oxford Industries, Inc. (NYSE:OXM) Target Price at $103.60

Shares of Oxford Industries, Inc. (NYSE:OXM - Get Free Report) have earned an average recommendation of "Hold" from the six brokerages that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $103.60.

Several analysts have recently issued reports on the stock. Telsey Advisory Group restated a "market perform" rating and set a $110.00 target price on shares of Oxford Industries in a research report on Wednesday, April 24th. Citigroup lowered Oxford Industries from a "neutral" rating to a "sell" rating and lowered their target price for the stock from $98.00 to $94.00 in a report on Monday, April 1st. Finally, UBS Group cut their price target on Oxford Industries from $106.00 to $104.00 and set a "neutral" rating on the stock in a report on Monday, April 1st.

Insider Buying and Selling at Oxford Industries

In other news, CEO Douglas B. Wood sold 33,587 shares of Oxford Industries stock in a transaction on Friday, April 5th. The shares were sold at an average price of $104.95, for a total transaction of $3,524,955.65. Following the completion of the sale, the chief executive officer now directly owns 12,394 shares in the company, valued at $1,300,750.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 6.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Oxford Industries

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in Oxford Industries by 0.3% during the first quarter. Vanguard Group Inc. now owns 1,767,543 shares of the textile maker's stock valued at $198,672,000 after purchasing an additional 4,869 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Oxford Industries by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 735,045 shares of the textile maker's stock valued at $73,507,000 after buying an additional 5,767 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Oxford Industries by 7.9% in the 4th quarter. Wellington Management Group LLP now owns 403,340 shares of the textile maker's stock valued at $40,334,000 after buying an additional 29,493 shares during the period. William Blair Investment Management LLC grew its holdings in Oxford Industries by 18.2% during the first quarter. William Blair Investment Management LLC now owns 371,168 shares of the textile maker's stock worth $41,719,000 after acquiring an additional 57,117 shares during the period. Finally, American Century Companies Inc. raised its position in Oxford Industries by 15.2% during the third quarter. American Century Companies Inc. now owns 200,637 shares of the textile maker's stock valued at $19,287,000 after acquiring an additional 26,532 shares in the last quarter. Institutional investors and hedge funds own 91.16% of the company's stock.

Oxford Industries Price Performance

Shares of Oxford Industries stock traded down $1.51 during trading hours on Tuesday, hitting $107.53. The company's stock had a trading volume of 187,335 shares, compared to its average volume of 196,535. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.55 and a current ratio of 1.22. Oxford Industries has a 12-month low of $82.33 and a 12-month high of $113.88. The business has a 50 day moving average price of $106.97 and a two-hundred day moving average price of $99.70. The company has a market cap of $1.68 billion, a PE ratio of 29.56 and a beta of 1.58.

Oxford Industries (NYSE:OXM - Get Free Report) last released its earnings results on Thursday, March 28th. The textile maker reported $1.90 EPS 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 company had revenue of $404.43 million during the quarter, compared to analysts' expectations of $408.28 million. During the same period last year, the firm posted $2.28 EPS. Oxford Industries's quarterly revenue was up 5.7% compared to the same quarter last year. Analysts expect that Oxford Industries will post 9.6 earnings per share for the current fiscal year.

Oxford Industries Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 3rd. Shareholders of record on Friday, April 19th were given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 2.49%. The ex-dividend date was Thursday, April 18th. This is an increase from Oxford Industries's previous quarterly dividend of $0.65. Oxford Industries's payout ratio is currently 72.63%.

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.