Oxford Industries (NYSE:OXM) Price Target Lowered to $47.00 at Citigroup

Oxford Industries (NYSE:OXM - Free Report) had its target price trimmed by Citigroup from $52.00 to $47.00 in a research report sent to investors on Monday morning,Benzinga reports. The firm currently has a sell rating on the textile maker's stock.

Other equities research analysts have also recently issued research reports about the company. KeyCorp restated a "sector weight" rating on shares of Oxford Industries in a research note on Friday, March 28th. Telsey Advisory Group lowered their target price on shares of Oxford Industries from $86.00 to $68.00 and set a "market perform" rating for the company in a report on Monday, March 24th. Finally, UBS Group cut their price target on shares of Oxford Industries from $66.00 to $57.00 and set a "neutral" rating on the stock in a research note on Friday, March 28th.

Oxford Industries Stock Down 0.1 %

Oxford Industries stock traded down $0.05 during trading on Monday, reaching $50.84. The stock had a trading volume of 346,824 shares, compared to its average volume of 352,309. Oxford Industries has a 52-week low of $44.40 and a 52-week high of $111.46. The business has a 50 day moving average price of $62.65 and a 200 day moving average price of $74.09. 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 cap of $755.72 million, a PE ratio of 57.12 and a beta of 1.40.

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Oxford Industries (NYSE:OXM - Get Free Report) last released its quarterly earnings data on Thursday, March 27th. The textile maker reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.09. The business had revenue of $390.51 million during 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 company's revenue for the quarter was down 3.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.90 EPS. On average, analysts predict that Oxford Industries will post 6.62 EPS for the current year.

Oxford Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Thursday, April 17th will be paid a $0.69 dividend. The ex-dividend date is Thursday, April 17th. This represents a $2.76 dividend on an annualized basis and a yield of 5.43%. This is a boost from Oxford Industries's previous quarterly dividend of $0.67. Oxford Industries's payout ratio is currently 47.02%.

Insider Transactions at Oxford Industries

In other Oxford Industries news, Director Milford W. Mcguirt purchased 1,000 shares of the firm's 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 purchase, the director now directly owns 7,180 shares in the company, valued at approximately $421,466. This trade represents a 16.18 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Tracey Hernandez sold 1,250 shares of Oxford Industries stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $86.92, for a total transaction of $108,650.00. Following the completion of the transaction, the senior vice president now owns 1,681 shares in the company, valued at approximately $146,112.52. This represents a 42.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.70% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Quadrant Capital Group LLC lifted its holdings in shares of Oxford Industries by 981.6% in the 4th quarter. Quadrant Capital Group LLC now owns 411 shares of the textile maker's stock valued at $32,000 after buying an additional 373 shares during the period. Blue Trust Inc. boosted its position in shares of Oxford Industries by 27.6% during the 4th quarter. Blue Trust Inc. now owns 739 shares of the textile maker's stock worth $64,000 after purchasing an additional 160 shares in the last quarter. Venturi Wealth Management LLC purchased a new position in shares of Oxford Industries in the 4th quarter valued at about $63,000. Vestcor Inc acquired a new stake in shares of Oxford Industries in the fourth quarter valued at about $100,000. Finally, M&T Bank Corp purchased a new stake in Oxford Industries during the third quarter worth about $206,000. Institutional investors and hedge funds own 91.16% of the company's stock.

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.