Oxford Industries (NYSE:OXM) Earns Hold Rating from Analysts at Truist Financial

Truist Financial assumed coverage on shares of Oxford Industries (NYSE:OXM - Free Report) in a report released on Wednesday morning, MarketBeat.com reports. The brokerage issued a hold rating and a $56.00 target price on the textile maker's stock.

Other equities analysts have also issued reports about the company. Citigroup reduced their price objective on Oxford Industries from $52.00 to $47.00 and set a "sell" rating for the company in a report on Monday, April 7th. UBS Group cut their price target on Oxford Industries from $66.00 to $57.00 and set a "neutral" rating for the company in a research note on Friday, March 28th. KeyCorp restated a "sector weight" rating on shares of Oxford Industries in a research note on Friday, March 28th. Finally, Telsey Advisory Group lowered their price target on shares of Oxford Industries from $64.00 to $52.00 and set a "market perform" rating on the stock in a research report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat.com, Oxford Industries has an average rating of "Hold" and an average target price of $58.40.

Oxford Industries Stock Down 1.4%

Shares of NYSE:OXM traded down $0.75 during mid-day trading on Wednesday, hitting $54.26. 259,147 shares of the company traded hands, compared to its average volume of 377,613. The stock has a 50-day moving average price of $53.08 and a two-hundred day moving average price of $68.09. Oxford Industries has a 12-month low of $42.12 and a 12-month high of $111.44. The stock has a market cap of $806.63 million, a P/E ratio of 60.97 and a beta of 1.43. The company has a current ratio of 1.42, a quick ratio of 0.71 and a debt-to-equity ratio of 0.09.

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 for the quarter, topping the consensus estimate of $1.28 by $0.09. The business had revenue of $390.51 million for the quarter, compared to analysts' expectations of $383.94 million. Oxford Industries had a net margin of 0.98% and a return on equity of 19.09%. The firm's revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.90 earnings per share. On average, equities research analysts forecast that Oxford Industries will post 6.62 earnings per share for the current year.

Oxford Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 2nd. Shareholders of record on Thursday, April 17th were paid a $0.69 dividend. The ex-dividend date of this dividend was Thursday, April 17th. This represents a $2.76 annualized dividend and a yield of 5.09%. This is a positive change from Oxford Industries's previous quarterly dividend of $0.67. Oxford Industries's dividend payout ratio is currently 47.02%.

Insiders Place Their Bets

In related news, Director Milford W. Mcguirt purchased 1,000 shares of Oxford Industries stock in a transaction that occurred on Wednesday, April 2nd. The shares were acquired at an average cost of $58.70 per share, for a total transaction of $58,700.00. Following the transaction, the director now directly owns 7,180 shares in the company, valued at $421,466. The trade was a 16.18% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 6.00% of the company's stock.

Institutional Trading of Oxford Industries

A number of institutional investors have recently made changes to their positions in OXM. Sanctuary Advisors LLC raised its holdings in Oxford Industries by 3.7% during the 4th quarter. Sanctuary Advisors LLC now owns 3,799 shares of the textile maker's stock valued at $328,000 after buying an additional 137 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Oxford Industries by 27.6% during the fourth quarter. Blue Trust Inc. now owns 739 shares of the textile maker's stock worth $64,000 after purchasing an additional 160 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of Oxford Industries by 5.9% in the first quarter. PNC Financial Services Group Inc. now owns 3,328 shares of the textile maker's stock worth $195,000 after purchasing an additional 185 shares during the last quarter. Illinois Municipal Retirement Fund increased its holdings in Oxford Industries by 3.4% during the 1st quarter. Illinois Municipal Retirement Fund now owns 8,036 shares of the textile maker's stock valued at $471,000 after purchasing an additional 267 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Oxford Industries by 3.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,430 shares of the textile maker's stock valued at $664,000 after purchasing an additional 280 shares during the last quarter. Hedge funds and other institutional investors own 91.16% of the company's stock.

Oxford Industries Company Profile

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.