Telsey Advisory Group Reaffirms Market Perform Rating for Oxford Industries (NYSE:OXM)

Telsey Advisory Group reissued their market perform rating on shares of Oxford Industries (NYSE:OXM - Free Report) in a report released on Thursday morning,Benzinga reports. Telsey Advisory Group currently has a $52.00 price objective on the textile maker's stock. Telsey Advisory Group also issued estimates for Oxford Industries' Q2 2027 earnings at $2.60 EPS, Q3 2027 earnings at ($0.40) EPS and Q4 2027 earnings at $1.26 EPS.

Other research analysts also recently issued reports about the stock. Citigroup dropped 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. UBS Group increased their target price on shares of Oxford Industries from $54.00 to $56.00 and gave the company a "neutral" rating in a research report on Thursday, June 5th. KeyCorp reissued a "sector weight" rating on shares of Oxford Industries in a research report on Friday, March 28th. Finally, Truist Financial started coverage on shares of Oxford Industries in a research report on Wednesday, May 28th. They set a "hold" rating and a $56.00 price objective on the stock. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the stock. Based on data from MarketBeat, Oxford Industries currently has an average rating of "Hold" and a consensus target price of $55.80.

Oxford Industries Stock Down 13.8%

Shares of NYSE OXM traded down $6.90 during mid-day trading on Thursday, reaching $43.13. The company had a trading volume of 1,720,325 shares, compared to its average volume of 385,166. The company has a current ratio of 1.42, a quick ratio of 0.71 and a debt-to-equity ratio of 0.09. The firm has a 50 day simple moving average of $52.05 and a two-hundred day simple moving average of $66.67. The stock has a market cap of $641.13 million, a P/E ratio of 48.46 and a beta of 1.45. Oxford Industries has a 52-week low of $42.12 and a 52-week high of $108.51.

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

Oxford Industries Dividend Announcement

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

Insider Activity

In related news, Director Milford W. Mcguirt acquired 1,000 shares of Oxford Industries stock in a transaction that occurred on Wednesday, April 2nd. The stock was purchased at an average price of $58.70 per share, for a total transaction of $58,700.00. Following the completion of the purchase, 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 ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 6.00% of the company's stock.

Institutional Investors Weigh In On Oxford Industries

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Global Alpha Capital Management Ltd. purchased a new stake in Oxford Industries in the fourth quarter valued at approximately $16,489,000. Charles Schwab Investment Management Inc. grew its holdings in Oxford Industries by 8.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 618,654 shares of the textile maker's stock valued at $48,738,000 after purchasing an additional 50,420 shares during the period. Bank of New York Mellon Corp grew its holdings in Oxford Industries by 16.1% in the fourth quarter. Bank of New York Mellon Corp now owns 232,045 shares of the textile maker's stock valued at $18,281,000 after purchasing an additional 32,224 shares during the period. Entropy Technologies LP purchased a new stake in Oxford Industries in the fourth quarter valued at approximately $376,000. Finally, Principal Financial Group Inc. grew its holdings in Oxford Industries by 3.1% in the fourth quarter. Principal Financial Group Inc. now owns 71,850 shares of the textile maker's stock valued at $5,660,000 after purchasing an additional 2,137 shares during the period. 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.