Oxford Industries (NYSE:OXM) Shares Pass Above 200-Day Moving Average - What's Next?

Oxford Industries, Inc. (NYSE:OXM - Get Free Report)'s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-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 traded.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Citigroup reduced their price objective on Oxford Industries from $92.00 to $65.00 and set a "sell" rating on the stock in a research note on Friday, September 13th. UBS Group reduced their price target on Oxford Industries from $81.00 to $80.00 and set a "neutral" rating on the stock in a research report on Thursday, December 12th. Finally, Telsey Advisory Group reiterated a "market perform" rating and issued a $86.00 price objective on shares of Oxford Industries in a research note on Wednesday, December 4th.

Oxford Industries Trading Down 0.5 %

The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.65 and a current ratio of 1.42. The company's 50-day moving average price is $79.85 and its 200-day moving average price is $85.69. The firm has a market capitalization of $1.35 billion, a PE ratio of 96.83 and a beta of 1.56.

Oxford Industries (NYSE:OXM - Get Free Report) last announced its quarterly earnings results on Wednesday, December 11th. The textile maker reported ($0.11) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.09 by ($0.20). The business had revenue of $308.00 million for the quarter, compared to analysts' expectations of $316.84 million. Oxford Industries had a return on equity of 19.09% and a net margin of 0.98%. The firm's quarterly revenue was down 5.7% on a year-over-year basis. During the same period last year, the firm earned $1.01 earnings per share. On average, sell-side analysts expect that Oxford Industries, Inc. will post 6.62 earnings per share for the current year.

Oxford Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be issued a dividend of $0.67 per share. The ex-dividend date is Friday, January 17th. This represents a $2.68 dividend on an annualized basis and a yield of 3.11%. Oxford Industries's payout ratio is currently 301.12%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Rhumbline Advisers boosted its stake in Oxford Industries by 1.5% in the second quarter. Rhumbline Advisers now owns 47,719 shares of the textile maker's stock valued at $4,779,000 after acquiring an additional 725 shares in the last quarter. Texas Permanent School Fund Corp lifted its holdings in shares of Oxford Industries by 2.2% in the 2nd quarter. Texas Permanent School Fund Corp now owns 13,132 shares of the textile maker's stock valued at $1,315,000 after purchasing an additional 278 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Oxford Industries by 25.1% in the 2nd quarter. American Century Companies Inc. now owns 361,940 shares of the textile maker's stock valued at $36,248,000 after purchasing an additional 72,605 shares during the period. Envestnet Asset Management Inc. grew its stake in Oxford Industries by 0.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 67,867 shares of the textile maker's stock worth $6,797,000 after buying an additional 516 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV increased its position in Oxford Industries by 4.7% during the second quarter. Mercer Global Advisors Inc. ADV now owns 3,359 shares of the textile maker's stock worth $336,000 after buying an additional 150 shares during the period. Institutional investors and hedge funds 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.