Oxford Industries, Inc. (NYSE:OXM) Given Consensus Recommendation of "Reduce" by Brokerages

Key Points

• Oxford Industries, Inc. has received a consensus recommendation of "Reduce" from analysts, with one sell rating and five hold ratings.
• The stock's average 1-year price target from analysts is $55.80, although price targets from recent reports vary significantly.
• Insider trading activity includes significant purchases by CEO Robert S. Trauber and Thomas Caldecot Chubb III, indicating a growing confidence in the company despite its stock value fluctuation.

Shares of Oxford Industries, Inc. (NYSE:OXM - Get Free Report) have earned an average recommendation of "Reduce" from the six ratings firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $55.80.

A number of research analysts recently weighed in on the stock. UBS Group lifted their price objective on shares of Oxford Industries from $54.00 to $56.00 and gave the company a "neutral" rating in a report on Thursday, June 5th. Telsey Advisory Group reissued a "market perform" rating and issued a $52.00 price objective on shares of Oxford Industries in a research note on Thursday, June 12th. Zacks Research raised shares of Oxford Industries to a "hold" rating in a research note on Monday. Citigroup decreased their price target on shares of Oxford Industries from $47.00 to $44.00 and set a "sell" rating on the stock in a research note on Thursday, June 12th. Finally, Truist Financial cut their price target on shares of Oxford Industries from $56.00 to $47.00 and set a "hold" rating on the stock in a report on Thursday, June 12th.

Insider Activity at Oxford Industries

In related news, CEO Robert S. Trauber bought 10,000 shares of the firm's stock in a transaction on Wednesday, June 18th. The stock was purchased at an average price of $41.38 per share, with a total value of $413,800.00. Following the completion of the transaction, the chief executive officer directly owned 13,364 shares of the company's stock, valued at $553,002.32. This trade represents a 297.27% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Thomas Caldecot Chubb III bought 6,500 shares of the firm's stock in a transaction on Monday, June 16th. The shares were bought at an average cost of $40.12 per share, with a total value of $260,780.00. Following the transaction, the chief executive officer directly owned 59,063 shares of the company's stock, valued at approximately $2,369,607.56. This trade represents a 12.37% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders purchased 16,818 shares of company stock valued at $686,724. 6.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd acquired a new position in shares of Oxford Industries in the second quarter valued at $34,000. Blue Trust Inc. raised its stake in Oxford Industries by 124.8% during the second quarter. Blue Trust Inc. now owns 1,448 shares of the textile maker's stock worth $58,000 after acquiring an additional 804 shares in the last quarter. BNP Paribas Financial Markets raised its stake in Oxford Industries by 44.8% during the second quarter. BNP Paribas Financial Markets now owns 1,507 shares of the textile maker's stock worth $61,000 after acquiring an additional 466 shares in the last quarter. GAMMA Investing LLC raised its stake in Oxford Industries by 406.0% during the second quarter. GAMMA Investing LLC now owns 2,095 shares of the textile maker's stock worth $84,000 after acquiring an additional 1,681 shares in the last quarter. Finally, State of Wyoming raised its stake in Oxford Industries by 159.4% during the first quarter. State of Wyoming now owns 2,511 shares of the textile maker's stock worth $147,000 after acquiring an additional 1,543 shares in the last quarter. 91.16% of the stock is currently owned by institutional investors and hedge funds.

Oxford Industries Stock Down 2.0%

NYSE:OXM opened at $44.76 on Friday. The firm has a market capitalization of $668.67 million, a P/E ratio of 8.69 and a beta of 1.38. Oxford Industries has a 1-year low of $36.25 and a 1-year high of $93.72. The company's fifty day moving average price is $42.89 and its 200-day moving average price is $53.81. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.32 and a quick ratio of 0.64.

Oxford Industries (NYSE:OXM - Get Free Report) last announced its quarterly earnings results on Wednesday, June 11th. The textile maker reported $1.82 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.82. Oxford Industries had a net margin of 5.35% and a return on equity of 14.97%. The firm had revenue of $392.86 million for the quarter, compared to the consensus estimate of $383.54 million. During the same period in the prior year, the firm posted $2.66 earnings per share. The firm's quarterly revenue was down 1.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Oxford Industries will post 6.62 EPS for the current year.

Oxford Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 1st. Investors of record on Friday, July 18th were paid a $0.69 dividend. The ex-dividend date of this dividend was Friday, July 18th. This represents a $2.76 annualized dividend and a dividend yield of 6.2%. Oxford Industries's payout ratio is presently 53.59%.

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.

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