Telsey Advisory Group Reaffirms Market Perform Rating for Oxford Industries (NYSE:OXM)

Telsey Advisory Group reaffirmed their market perform rating on shares of Oxford Industries (NYSE:OXM - Free Report) in a report issued on Wednesday morning, Benzinga reports. The firm currently has a $110.00 price objective on the textile maker's stock.

A number of other equities analysts have also weighed in on the company. Citigroup lowered 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 research note on Monday, April 1st. UBS Group dropped their price objective on Oxford Industries from $106.00 to $104.00 and set a neutral rating for the company in a research note on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of Hold and an average target price of $103.60.

Oxford Industries Stock Performance

OXM traded down $0.52 during midday trading on Wednesday, reaching $107.25. The company had a trading volume of 163,088 shares, compared to its average volume of 200,701. The company has a quick ratio of 0.55, a current ratio of 1.22 and a debt-to-equity ratio of 0.05. The business has a 50-day moving average of $104.90 and a two-hundred day moving average of $98.11. The company has a market cap of $1.68 billion, a P/E ratio of 29.07 and a beta of 1.60. Oxford Industries has a 1 year low of $82.33 and a 1 year 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 EPS for the quarter, missing analysts' consensus estimates of $1.92 by ($0.02). The company had revenue of $404.43 million during the quarter, compared to analysts' expectations of $408.28 million. Oxford Industries had a return on equity of 26.71% and a net margin of 3.86%. The business's quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.28 EPS. As a group, equities research analysts predict that Oxford Industries will post 9.47 earnings per share 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 represents a $2.68 annualized dividend and a dividend yield of 2.50%. This is a positive change from Oxford Industries's previous quarterly dividend of $0.65. The ex-dividend date is Thursday, April 18th. Oxford Industries's dividend payout ratio (DPR) is presently 72.63%.

Insider Activity

In other news, CEO Douglas B. Wood sold 33,587 shares of the firm'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 completion of the sale, the chief executive officer now directly owns 12,394 shares of the company's stock, valued at approximately $1,300,750.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 6.00% of the company's stock.

Institutional Investors Weigh In On Oxford Industries

Several institutional investors have recently modified their holdings of the stock. Quest Partners LLC purchased a new stake in shares of Oxford Industries in the fourth quarter worth approximately $36,000. Milestone Investment Advisors LLC purchased a new stake in shares of Oxford Industries in the third quarter worth approximately $38,000. Virtu Financial LLC purchased a new stake in shares of Oxford Industries in the fourth quarter worth approximately $206,000. GW Henssler & Associates Ltd. purchased a new stake in shares of Oxford Industries in the third quarter worth approximately $211,000. Finally, AXQ Capital LP purchased a new stake in shares of Oxford Industries in the third quarter worth approximately $221,000. 91.16% of the stock is owned by institutional investors.

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; 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.