Oxford Industries, Inc. (NYSE:OXM - Get Free Report)'s share price traded up 4.9% on Monday . The stock traded as high as $52.24 and last traded at $52.41. 89,797 shares were traded during trading, a decline of 79% from the average session volume of 423,256 shares. The stock had previously closed at $49.98.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on OXM shares. Telsey Advisory Group decreased their target price on Oxford Industries from $64.00 to $52.00 and set a "market perform" rating for the company in a report on Wednesday, April 23rd. KeyCorp reissued a "sector weight" rating on shares of Oxford Industries in a research report on Friday, March 28th. UBS Group dropped their price objective on shares of Oxford Industries from $66.00 to $57.00 and set a "neutral" rating on the stock in a report on Friday, March 28th. Finally, Citigroup reduced their target price on shares of Oxford Industries from $52.00 to $47.00 and set a "sell" rating for the company in a report on Monday, April 7th.
Get Our Latest Stock Report on Oxford Industries
Oxford Industries Stock Performance
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 firm has a 50-day moving average of $54.28 and a two-hundred day moving average of $69.98. The company has a market capitalization of $798.85 million, a PE ratio of 60.38 and a beta of 1.43.
Oxford Industries (NYSE:OXM - Get Free Report) last announced 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 net margin of 0.98% and a return on equity of 19.09%. The firm's quarterly revenue was down 3.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.90 earnings per share. Research analysts anticipate that Oxford Industries, Inc. will post 6.62 EPS for the current year.
Oxford Industries Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, May 2nd. Stockholders of record on Thursday, April 17th were paid a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a dividend yield of 5.14%. This is an increase from Oxford Industries's previous quarterly dividend of $0.67. The ex-dividend date of this dividend was Thursday, April 17th. Oxford Industries's dividend payout ratio is presently 47.02%.
Insider Activity
In related news, Director Milford W. Mcguirt purchased 1,000 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The shares were purchased at an average cost of $58.70 per share, with a total value of $58,700.00. Following the purchase, the director now owns 7,180 shares of the company's stock, valued at $421,466. This represents a 16.18 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 5.70% of the company's stock.
Institutional Investors Weigh In On Oxford Industries
Large investors have recently bought and sold shares of the company. Quadrant Capital Group LLC increased its position in shares of Oxford Industries by 981.6% during the fourth quarter. Quadrant Capital Group LLC now owns 411 shares of the textile maker's stock worth $32,000 after purchasing an additional 373 shares in the last quarter. Blue Trust Inc. raised its position in shares of Oxford Industries by 27.6% in the fourth quarter. Blue Trust Inc. now owns 739 shares of the textile maker's stock valued at $64,000 after buying an additional 160 shares during the last quarter. Venturi Wealth Management LLC purchased a new position in shares of Oxford Industries in the fourth quarter worth about $63,000. Vestcor Inc purchased a new position in shares of Oxford Industries in the fourth quarter worth about $100,000. Finally, Truvestments Capital LLC boosted its position in Oxford Industries by 15.6% during the fourth quarter. Truvestments Capital LLC now owns 2,411 shares of the textile maker's stock worth $190,000 after acquiring an additional 326 shares during the last quarter. 91.16% of the stock is currently owned by hedge funds and other institutional investors.
Oxford Industries Company Profile
(
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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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