Oxford Industries (NYSE:OXM) Given New $104.00 Price Target at UBS Group

Oxford Industries (NYSE:OXM - Free Report) had its price target cut by UBS Group from $106.00 to $104.00 in a research note released on Monday, Benzinga reports. They currently have a neutral rating on the textile maker's stock.

A number of other analysts also recently commented on OXM. Telsey Advisory Group upped their price objective on Oxford Industries from $102.00 to $110.00 and gave the stock a market perform rating in a report on Monday. Citigroup downgraded Oxford Industries from a neutral rating to a sell rating and dropped their price objective for the stock from $98.00 to $94.00 in a report on Monday. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, Oxford Industries has an average rating of Hold and an average target price of $103.60.

Oxford Industries Trading Down 3.6 %

OXM traded down $4.10 during trading on Monday, hitting $108.30. The company's stock had a trading volume of 835,101 shares, compared to its average volume of 184,924. The firm's 50 day moving average price is $101.91 and its 200-day moving average price is $96.90. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.37 and a quick ratio of 0.63. The stock has a market cap of $1.69 billion, a PE ratio of 29.35 and a beta of 1.60. Oxford Industries has a twelve month low of $82.33 and a twelve month high of $113.88.

Oxford Industries (NYSE:OXM - Get Free Report) last issued its quarterly earnings results 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). The business had revenue of $404.43 million during the quarter, compared to analyst estimates of $408.28 million. Oxford Industries had a net margin of 3.86% and a return on equity of 26.08%. The company's revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the firm posted $2.28 earnings per share. On average, analysts expect that Oxford Industries will post 10.28 earnings per share for the current year.

Oxford Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 3rd. Investors of record on Friday, April 19th will be given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 2.47%. This is a boost from Oxford Industries's previous quarterly dividend of $0.65. The ex-dividend date is Thursday, April 18th. Oxford Industries's dividend payout ratio is 70.46%.

Institutional Trading of Oxford Industries

Institutional investors have recently added to or reduced their stakes in the business. American Century Companies Inc. lifted its position in shares of Oxford Industries by 15.2% during the third quarter. American Century Companies Inc. now owns 200,637 shares of the textile maker's stock worth $19,287,000 after purchasing an additional 26,532 shares during the last quarter. Neumeier Poma Investment Counsel LLC lifted its position in shares of Oxford Industries by 2.2% during the third quarter. Neumeier Poma Investment Counsel LLC now owns 133,920 shares of the textile maker's stock worth $12,874,000 after purchasing an additional 2,920 shares during the last quarter. Earnest Partners LLC lifted its position in shares of Oxford Industries by 31.0% during the third quarter. Earnest Partners LLC now owns 120,176 shares of the textile maker's stock worth $11,553,000 after purchasing an additional 28,452 shares during the last quarter. Illinois Municipal Retirement Fund bought a new position in shares of Oxford Industries during the third quarter worth about $868,000. Finally, Victory Capital Management Inc. lifted its position in shares of Oxford Industries by 517.2% during the third quarter. Victory Capital Management Inc. now owns 67,128 shares of the textile maker's stock worth $6,453,000 after purchasing an additional 56,251 shares during the last quarter. 91.16% of the stock is owned by hedge funds and other 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.