Oxford Industries (NYSE:OXM) Stock Price Crosses Above 200 Day Moving Average - Here's Why

Key Points

• Technical move: Oxford shares crossed above their 200‑day moving average
• Analyst sentiment is mixed to negative: seven recent analyst ratings (five Holds, two Sells) produce a consensus target of $38.00 and an average rating of "Reduce," with several firms cutting price targets while one raised its view.
• Fundamentals and payout: Q1 EPS missed at ($0.09) despite revenue of $374.49M (down 4.1% YoY), and the company raised its quarterly dividend to $0.70 (annual $2.80) for a ~6.9% yield despite trailing earnings.

Shares of Oxford Industries, Inc. (NYSE:OXM - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $38.20 and traded as high as $43.62. Oxford Industries shares last traded at $40.8050, with a volume of 262,194 shares traded.

Wall Street Analyst Weigh In

Several research firms recently weighed in on OXM. Truist Financial cut their target price on shares of Oxford Industries from $38.00 to $32.00 and set a "hold" rating for the company in a research note on Friday, March 27th. UBS Group dropped their price objective on shares of Oxford Industries from $36.00 to $35.00 and set a "neutral" rating for the company in a report on Thursday, March 19th. Telsey Advisory Group raised their price objective on Oxford Industries from $36.00 to $51.00 and gave the company a "market perform" rating in a research report on Wednesday, April 22nd. Wall Street Zen cut Oxford Industries from a "hold" rating to a "sell" rating in a report on Sunday, April 5th. Finally, Citigroup boosted their target price on Oxford Industries from $33.00 to $34.00 and gave the stock a "neutral" rating in a research report on Monday, March 30th. Five investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Reduce" and a consensus target price of $38.00.

Oxford Industries Price Performance

The company has a market cap of $607.59 million, a P/E ratio of -21.03 and a beta of 1.03. The firm's 50-day moving average is $39.63 and its two-hundred day moving average is $38.20. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.48.

Oxford Industries (NYSE:OXM - Get Free Report) last released its quarterly earnings data on Thursday, March 26th. The textile maker reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.14). Oxford Industries had a negative net margin of 1.89% and a positive return on equity of 5.68%. The business had revenue of $374.49 million for the quarter, compared to the consensus estimate of $372.30 million. During the same quarter last year, the business earned $1.37 EPS. Oxford Industries's revenue for the quarter was down 4.1% compared to the same quarter last year. Analysts anticipate that Oxford Industries, Inc. will post 2.51 earnings per share for the current year.

Oxford Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 1st. Investors of record on Friday, April 17th were given a $0.70 dividend. This is an increase from Oxford Industries's previous quarterly dividend of $0.69. This represents a $2.80 annualized dividend and a yield of 6.9%. The ex-dividend date was Friday, April 17th. Oxford Industries's dividend payout ratio (DPR) is -144.33%.

Institutional Investors Weigh In On Oxford Industries

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC boosted its holdings in shares of Oxford Industries by 33.9% in the 1st quarter. AQR Capital Management LLC now owns 6,495 shares of the textile maker's stock worth $381,000 after purchasing an additional 1,643 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Oxford Industries by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,817 shares of the textile maker's stock valued at $517,000 after purchasing an additional 387 shares during the last quarter. Millennium Management LLC raised its holdings in Oxford Industries by 311.9% during the 1st 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. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Oxford Industries by 22.9% during the 1st 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. Finally, Norges Bank bought a new stake in Oxford Industries in the second quarter worth $369,000. 91.16% of the stock is currently owned by hedge funds and other institutional investors.

Oxford Industries Company Profile

Oxford Industries, Inc, incorporated in 1942 and headquartered in Atlanta, Georgia, is a leading designer, marketer and distributor of high-quality men's and women's lifestyle apparel and accessories. The company's product portfolio features a mix of owned brands and licensed partnerships that span casual, resort and performance categories. Key owned brands include Tommy Bahama, renowned for its island-inspired menswear and women's sportswear, and Southern Tide, which offers coastal-focused clothing and footwear.

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