Oxford Industries, Inc. (NYSE:OXM - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $85.69 and traded as high as $86.67. Oxford Industries shares last traded at $86.31, with a volume of 336,753 shares changing hands.
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on the stock. Telsey Advisory Group restated a "market perform" rating and set a $86.00 price objective on shares of Oxford Industries in a research report on Wednesday, December 4th. Citigroup cut their price target on shares of Oxford Industries from $92.00 to $65.00 and set a "sell" rating for the company in a report on Friday, September 13th. Finally, UBS Group lowered their price objective on Oxford Industries from $81.00 to $80.00 and set a "neutral" rating on the stock in a report on Thursday, December 12th.
Get Our Latest Analysis on Oxford Industries
Oxford Industries Trading Down 0.5 %
The company has a market cap of $1.35 billion, a price-to-earnings ratio of 96.83 and a beta of 1.56. The business has a fifty day simple moving average of $79.85 and a 200 day simple moving average of $85.69. The company has a quick ratio of 0.65, a current ratio of 1.42 and a debt-to-equity ratio of 0.09.
Oxford Industries (NYSE:OXM - Get Free Report) last announced its quarterly earnings data on Wednesday, December 11th. The textile maker reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.20). The company had revenue of $308.00 million during the quarter, compared to analyst estimates of $316.84 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 5.7% on a year-over-year basis. During the same quarter last year, the business earned $1.01 EPS. On average, equities analysts anticipate that Oxford Industries, Inc. will post 6.62 EPS for the current fiscal year.
Oxford Industries Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date is Friday, January 17th. Oxford Industries's dividend payout ratio is currently 301.12%.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in OXM. FMR LLC boosted its position in shares of Oxford Industries by 36.8% in the third quarter. FMR LLC now owns 906,324 shares of the textile maker's stock worth $78,633,000 after acquiring an additional 244,022 shares during the last quarter. Victory Capital Management Inc. raised its stake in 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 purchasing an additional 156,634 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Oxford Industries by 4.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 568,234 shares of the textile maker's stock valued at $49,300,000 after purchasing an additional 25,619 shares during the last quarter. State Street Corp grew its stake in shares of Oxford Industries by 1.3% during the 3rd quarter. State Street Corp now owns 559,581 shares of the textile maker's stock valued at $48,549,000 after buying an additional 7,336 shares during the period. Finally, Wellington Management Group LLP increased its holdings in shares of Oxford Industries by 22.7% during the 3rd quarter. Wellington Management Group LLP now owns 553,382 shares of the textile maker's stock worth $48,011,000 after buying an additional 102,525 shares during the last quarter. Hedge funds and other institutional investors own 91.16% of the company's stock.
About Oxford Industries
(
Get Free Report)
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.
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