Brokerages Set Oxford Industries, Inc. (NYSE:OXM) PT at $83.00

Shares of Oxford Industries, Inc. (NYSE:OXM - Get Free Report) have been assigned an average recommendation of "Reduce" from the five ratings firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $83.00.

OXM has been the subject of a number of research reports. Telsey Advisory Group decreased their target price on shares of Oxford Industries from $110.00 to $86.00 and set a "market perform" rating for the company in a research report on Thursday, September 12th. UBS Group dropped their price target on Oxford Industries from $101.00 to $91.00 and set a "neutral" rating for the company in a research report on Thursday, September 5th. Finally, Citigroup cut their target price on Oxford Industries from $92.00 to $65.00 and set a "sell" rating for the company in a research note on Friday, September 13th.

Insider Buying and Selling

In other Oxford Industries news, EVP Scott Grassmyer sold 1,495 shares of the company's stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $86.77, for a total value of $129,721.15. Following the sale, the executive vice president now owns 31,428 shares of the company's stock, valued at $2,727,007.56. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 5.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Oxford Industries

Several hedge funds and other institutional investors have recently modified their holdings of the company. Victory Capital Management Inc. grew its position in shares of Oxford Industries by 31.6% during the third quarter. Victory Capital Management Inc. now owns 652,726 shares of the textile maker's stock worth $56,631,000 after buying an additional 156,634 shares in the last quarter. Meritage Portfolio Management boosted its stake in Oxford Industries by 9.0% during the 3rd quarter. Meritage Portfolio Management now owns 3,718 shares of the textile maker's stock valued at $323,000 after acquiring an additional 308 shares during the last quarter. Verity Asset Management Inc. acquired a new position in Oxford Industries during the 3rd quarter worth $233,000. Ceredex Value Advisors LLC increased its position in shares of Oxford Industries by 19.2% in the 3rd quarter. Ceredex Value Advisors LLC now owns 119,450 shares of the textile maker's stock worth $10,363,000 after purchasing an additional 19,200 shares during the last quarter. Finally, Semanteon Capital Management LP acquired a new stake in shares of Oxford Industries in the 3rd quarter valued at about $788,000. 91.16% of the stock is owned by institutional investors and hedge funds.

Oxford Industries Stock Performance

OXM stock traded up $2.13 during midday trading on Tuesday, reaching $75.21. 225,386 shares of the company traded hands, compared to its average volume of 271,492. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of 41.32 and a beta of 1.55. The business has a 50 day moving average of $80.92 and a 200-day moving average of $94.07. Oxford Industries has a 52-week low of $72.24 and a 52-week high of $113.88.

Oxford Industries (NYSE:OXM - Get Free Report) last issued its earnings results on Wednesday, September 11th. The textile maker reported $2.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.00 by ($0.23). Oxford Industries had a return on equity of 21.93% and a net margin of 1.92%. The business had revenue of $419.89 million for the quarter, compared to the consensus estimate of $438.16 million. During the same quarter in the previous year, the company earned $3.45 earnings per share. The firm's revenue was down .1% on a year-over-year basis. Research analysts anticipate that Oxford Industries will post 7.16 earnings per share for the current year.

Oxford Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Friday, October 18th were paid a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 3.56%. The ex-dividend date of this dividend was Friday, October 18th. Oxford Industries's dividend payout ratio (DPR) is presently 147.25%.

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.