UBS Group Forecasts Strong Price Appreciation for Oxford Industries (NYSE:OXM) Stock

Oxford Industries (NYSE:OXM - Free Report) had its price objective increased by UBS Group from $54.00 to $56.00 in a research report released on Thursday,Benzinga reports. The brokerage currently has a neutral rating on the textile maker's stock.

Several other equities research analysts also recently commented on the stock. Citigroup cut their target price on shares of Oxford Industries from $52.00 to $47.00 and set a "sell" rating on the stock in a research report on Monday, April 7th. Truist Financial assumed coverage on shares of Oxford Industries in a research note on Wednesday, May 28th. They set a "hold" rating and a $56.00 price target for the company. KeyCorp reissued a "sector weight" rating on shares of Oxford Industries in a research note on Friday, March 28th. Finally, Telsey Advisory Group restated a "market perform" rating and issued a $52.00 price objective on shares of Oxford Industries in a report on Thursday. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $58.20.

Oxford Industries Price Performance

Shares of NYSE OXM traded up $0.24 during midday trading on Thursday, reaching $54.38. 267,612 shares of the company were exchanged, compared to its average volume of 377,684. The stock's 50-day moving average price is $52.39 and its 200-day moving average price is $67.29. The stock has a market cap of $808.28 million, a P/E ratio of 61.10 and a beta of 1.43. The company has a quick ratio of 0.71, a current ratio of 1.42 and a debt-to-equity ratio of 0.09. Oxford Industries has a one year low of $42.12 and a one year high of $108.51.

Oxford Industries (NYSE:OXM - Get Free Report) last issued its earnings results on Thursday, March 27th. The textile maker reported $1.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.28 by $0.09. The business had revenue of $390.51 million during the quarter, compared to analysts' expectations of $383.94 million. Oxford Industries had a return on equity of 19.09% and a net margin of 0.98%. The business's revenue for the quarter was down 3.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.90 EPS. On average, sell-side analysts anticipate that Oxford Industries will post 6.62 earnings per share for the current fiscal year.

Oxford Industries Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 2nd. Stockholders of record on Thursday, April 17th were given a $0.69 dividend. The ex-dividend date was Thursday, April 17th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 5.08%. This is an increase from Oxford Industries's previous quarterly dividend of $0.67. Oxford Industries's payout ratio is 47.02%.

Insider Activity

In other Oxford Industries news, Director Milford W. Mcguirt acquired 1,000 shares of the company's stock in a transaction dated Wednesday, April 2nd. The shares were bought at an average cost of $58.70 per share, with a total value of $58,700.00. Following the purchase, the director now directly owns 7,180 shares of the company's stock, valued at $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 at this hyperlink. Insiders own 6.00% of the company's stock.

Institutional Investors Weigh In On Oxford Industries

A number of hedge funds have recently added to or reduced their stakes in the business. Southernsun Asset Management LLC acquired a new stake in shares of Oxford Industries during the 4th quarter worth approximately $20,308,000. Senvest Management LLC bought a new position in Oxford Industries during the fourth quarter worth $19,352,000. Millennium Management LLC boosted its stake in Oxford Industries by 311.9% during the first quarter. Millennium Management LLC now owns 293,384 shares of the textile maker's stock worth $17,213,000 after acquiring an additional 222,150 shares in the last quarter. Global Alpha Capital Management Ltd. acquired a new stake in Oxford Industries in the fourth quarter worth $16,489,000. Finally, Dimensional Fund Advisors LP increased its stake in Oxford Industries by 13.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 849,973 shares of the textile maker's stock valued at $66,958,000 after purchasing an additional 103,253 shares in the last quarter. 91.16% of the stock is currently owned by 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; 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.