Oxford Industries' (OXM) "Sector Weight" Rating Reaffirmed at KeyCorp

KeyCorp reiterated their sector weight rating on shares of Oxford Industries (NYSE:OXM - Free Report) in a report issued on Friday, Marketbeat reports. KeyCorp also issued estimates for Oxford Industries' FY2027 earnings at $5.64 EPS.

Several other research analysts have also commented on OXM. Telsey Advisory Group cut their price target on shares of Oxford Industries from $86.00 to $68.00 and set a "market perform" rating on the stock in a report on Monday, March 24th. UBS Group reduced their price objective on Oxford Industries from $81.00 to $80.00 and set a "neutral" rating on the stock in a research note on Thursday, December 12th.

Oxford Industries Stock Performance

NYSE OXM traded up $0.42 during trading hours on Friday, hitting $59.09. 129,531 shares of the stock were exchanged, compared to its average volume of 339,409. 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 50-day moving average of $69.20 and a 200 day moving average of $76.45. The company has a market cap of $927.69 million, a price-to-earnings ratio of 66.39 and a beta of 1.61. Oxford Industries has a 12-month low of $53.23 and a 12-month high of $111.46.

Oxford Industries (NYSE:OXM - Get Free Report) last issued its quarterly earnings data on Thursday, March 27th. The textile maker reported $1.37 EPS for the quarter, beating analysts' consensus estimates of $1.28 by $0.09. Oxford Industries had a net margin of 0.98% and a return on equity of 19.09%. The firm had revenue of $390.51 million for the quarter, compared to analysts' expectations of $383.94 million. During the same period in the prior year, the company earned $1.90 EPS. The firm's revenue was down 3.4% on a year-over-year basis. As a group, equities research analysts forecast that Oxford Industries will post 6.62 earnings per share for the current year.

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Oxford Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Thursday, April 17th will be paid a dividend of $0.69 per share. This is a positive change from Oxford Industries's previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $2.76 annualized dividend and a yield of 4.67%. Oxford Industries's dividend payout ratio is 47.02%.

Insiders Place Their Bets

In related news, SVP Tracey Hernandez sold 1,250 shares of Oxford Industries stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $86.92, for a total transaction of $108,650.00. Following the sale, the senior vice president now directly owns 1,681 shares in the company, valued at $146,112.52. The trade was a 42.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 5.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Oxford Industries

A number of hedge funds and other institutional investors have recently made changes to their positions in OXM. Quadrant Capital Group LLC increased its stake 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 valued at $32,000 after acquiring an additional 373 shares during the period. Venturi Wealth Management LLC acquired a new position in shares of Oxford Industries during the 4th quarter valued at $63,000. Blue Trust Inc. raised its stake in shares of Oxford Industries by 27.6% in the 4th quarter. Blue Trust Inc. now owns 739 shares of the textile maker's stock worth $64,000 after buying an additional 160 shares in the last quarter. Vestcor Inc acquired a new stake in shares of Oxford Industries in the fourth quarter valued at $100,000. Finally, Advisors Asset Management Inc. boosted its stake in Oxford Industries by 223.3% during the third quarter. Advisors Asset Management Inc. now owns 1,568 shares of the textile maker's stock valued at $136,000 after buying an additional 1,083 shares in the last quarter. 91.16% of the stock is currently owned by institutional investors.

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.