Oxford Industries (NYSE:OXM) Trading Up 4.9% - Here's What Happened

Oxford Industries, Inc. (NYSE:OXM - Get Free Report) shares were up 4.9% during mid-day trading on Monday . The company traded as high as $52.24 and last traded at $52.41. Approximately 89,797 shares were traded during trading, a decline of 79% from the average daily volume of 423,256 shares. The stock had previously closed at $49.98.

Analyst Ratings Changes

Several research firms have recently issued reports on OXM. Citigroup lowered 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 note on Monday, April 7th. KeyCorp restated a "sector weight" rating on shares of Oxford Industries in a research note on Friday, March 28th. UBS Group lowered their price objective on shares of Oxford Industries from $66.00 to $57.00 and set a "neutral" rating for the company in a research note on Friday, March 28th. Finally, Telsey Advisory Group lowered their target price on Oxford Industries from $64.00 to $52.00 and set a "market perform" rating for the company in a research note on Wednesday, April 23rd.

Oxford Industries Price Performance

The stock has a fifty day moving average of $54.48 and a 200-day moving average of $70.33. The company has a quick ratio of 0.71, a current ratio of 1.42 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $801.22 million, a price-to-earnings ratio of 60.56 and a beta of 1.43.

Oxford Industries (NYSE:OXM - Get Free Report) last released its quarterly 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 firm had revenue of $390.51 million for the quarter, compared to the consensus estimate of $383.94 million. Oxford Industries had a return on equity of 19.09% and a net margin of 0.98%. The firm's quarterly revenue was down 3.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.90 EPS. On average, equities research analysts predict that Oxford Industries, Inc. will post 6.62 EPS for the current fiscal year.

Oxford Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 2nd. Investors of record on Thursday, April 17th were issued a dividend of $0.69 per share. The ex-dividend date of this dividend was Thursday, April 17th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 5.12%. This is a positive change from Oxford Industries's previous quarterly dividend of $0.67. Oxford Industries's dividend payout ratio (DPR) is currently 47.02%.

Insiders Place Their Bets

In other news, Director Milford W. Mcguirt purchased 1,000 shares of the business's stock in a transaction that occurred on Wednesday, April 2nd. The stock was purchased at an average cost of $58.70 per share, with a total value of $58,700.00. Following the completion of the acquisition, the director now directly owns 7,180 shares of the company's stock, valued at approximately $421,466. This trade represents a 16.18 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 5.70% of the stock is owned by insiders.

Institutional Trading of Oxford Industries

Institutional investors have recently modified their holdings of the business. Barclays PLC lifted its holdings in Oxford Industries by 74.0% in the third quarter. Barclays PLC now owns 48,484 shares of the textile maker's stock valued at $4,208,000 after acquiring an additional 20,620 shares during the period. Franklin Resources Inc. boosted its holdings in Oxford Industries by 7.4% during the third quarter. Franklin Resources Inc. now owns 7,688 shares of the textile maker's stock worth $667,000 after buying an additional 527 shares in the last quarter. JPMorgan Chase & Co. grew its position in Oxford Industries by 29.5% during the third quarter. JPMorgan Chase & Co. now owns 37,291 shares of the textile maker's stock worth $3,235,000 after buying an additional 8,500 shares during the period. Harbor Capital Advisors Inc. lifted its position in shares of Oxford Industries by 14.0% during the 4th quarter. Harbor Capital Advisors Inc. now owns 5,853 shares of the textile maker's stock valued at $461,000 after acquiring an additional 721 shares during the period. Finally, Wedge Capital Management L L P NC boosted its stake in shares of Oxford Industries by 27.8% during the 4th quarter. Wedge Capital Management L L P NC now owns 27,146 shares of the textile maker's stock worth $2,139,000 after acquiring an additional 5,911 shares in the last quarter. 91.16% of the stock is currently owned by hedge funds and other 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.