Citigroup Has Lowered Expectations for Oxford Industries (NYSE:OXM) Stock Price

Oxford Industries (NYSE:OXM - Free Report) had its price objective cut by Citigroup from $47.00 to $44.00 in a research report report published on Thursday,Benzinga reports. They currently have a sell rating on the textile maker's stock.

Several other analysts also recently weighed in on OXM. UBS Group upped their price objective on Oxford Industries from $54.00 to $56.00 and gave the stock a "neutral" rating in a research report on Thursday, June 5th. KeyCorp restated a "sector weight" rating on shares of Oxford Industries in a research report on Friday, March 28th. Truist Financial assumed coverage on Oxford Industries in a research report on Wednesday, May 28th. They set a "hold" rating and a $56.00 price objective for the company. Finally, Telsey Advisory Group restated a "market perform" rating and set a $52.00 price objective on shares of Oxford Industries in a research report on Thursday. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $55.80.

Oxford Industries Stock Performance

OXM traded down $6.90 during trading on Thursday, hitting $43.13. The stock had a trading volume of 1,720,325 shares, compared to its average volume of 385,166. The company has a 50 day moving average price of $51.85 and a 200-day moving average price of $66.40. The firm has a market cap of $641.13 million, a price-to-earnings ratio of 48.46 and a beta of 1.45. Oxford Industries has a one year low of $42.12 and a one year high of $108.51. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.42 and a quick ratio of 0.71.

Oxford Industries (NYSE:OXM - Get Free Report) last released its earnings results on Wednesday, June 11th. The textile maker reported $1.82 earnings per share for the quarter, meeting analysts' consensus estimates of $1.82. The firm had revenue of $392.86 million during the quarter, compared to the consensus estimate of $383.54 million. Oxford Industries had a return on equity of 19.09% and a net margin of 0.98%. The company's revenue was down 1.3% compared to the same quarter last year. During the same period in the prior year, the company posted $2.66 EPS. As a group, research analysts predict that Oxford Industries will post 6.62 EPS for the current year.

Oxford Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Friday, July 18th will be issued a $0.69 dividend. The ex-dividend date of this dividend is Friday, July 18th. This represents a $2.76 dividend on an annualized basis and a yield of 6.40%. Oxford Industries's payout ratio is presently 47.02%.

Insiders Place Their Bets

In other news, Director Milford W. Mcguirt bought 1,000 shares of the stock in a transaction on Wednesday, April 2nd. The stock was acquired at an average price of $58.70 per share, with a total value of $58,700.00. Following the acquisition, the director now directly owns 7,180 shares in the company, valued at approximately $421,466. This trade represents a 16.18% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 6.00% of the company's stock.

Institutional Investors Weigh In On Oxford Industries

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Inspire Investing LLC increased its stake in shares of Oxford Industries by 16.1% in the first quarter. Inspire Investing LLC now owns 5,907 shares of the textile maker's stock valued at $347,000 after buying an additional 818 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Oxford Industries by 22.9% in the first 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 during the period. Petrus Trust Company LTA acquired a new stake in shares of Oxford Industries in the first quarter valued at about $226,000. Millennium Management LLC increased its stake in shares of Oxford Industries by 311.9% in the first 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 during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Oxford Industries by 4.6% in the first 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 during the period. Institutional investors and hedge funds own 91.16% of the company's stock.

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.