Oxford Industries (NYSE:OXM) Shares Up 2.1% - Should You Buy?

Oxford Industries, Inc. (NYSE:OXM - Get Free Report)'s share price was up 2.1% during mid-day trading on Monday . The company traded as high as $59.96 and last traded at $60.23. Approximately 19,095 shares traded hands during mid-day trading, a decline of 94% from the average daily volume of 337,576 shares. The stock had previously closed at $58.96.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Telsey Advisory Group dropped their price objective on shares of Oxford Industries from $86.00 to $68.00 and set a "market perform" rating on the stock in a research report on Monday, March 24th. KeyCorp reissued a "sector weight" rating on shares of Oxford Industries in a report on Friday, March 28th. Finally, UBS Group decreased their price target on Oxford Industries from $66.00 to $57.00 and set a "neutral" rating for the company in a report on Friday, March 28th.

Oxford Industries Stock Performance

The company has a current ratio of 1.42, a quick ratio of 0.71 and a debt-to-equity ratio of 0.09. The firm's fifty day moving average price is $68.21 and its 200-day moving average price is $76.16. The firm has a market cap of $860.96 million, a price-to-earnings ratio of 61.61 and a beta of 1.61.

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, beating the consensus estimate of $1.28 by $0.09. Oxford Industries had a net margin of 0.98% and a return on equity of 19.09%. The company had revenue of $390.51 million during the quarter, compared to the consensus estimate of $383.94 million. During the same quarter in the prior year, the firm posted $1.90 earnings per share. Oxford Industries's revenue for the quarter was down 3.4% on a year-over-year basis. Analysts expect that Oxford Industries, Inc. 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. Shareholders of record on Thursday, April 17th will be paid a $0.69 dividend. The ex-dividend date of this dividend is Thursday, April 17th. This is a positive change from Oxford Industries's previous quarterly dividend of $0.67. This represents a $2.76 dividend on an annualized basis and a yield of 5.03%. Oxford Industries's payout ratio is currently 47.02%.

Insider Activity

In other Oxford Industries news, Director Milford W. Mcguirt bought 1,000 shares of the company's stock in a transaction on Wednesday, April 2nd. The shares were bought at an average price of $58.70 per share, for a total transaction of $58,700.00. Following the transaction, the director now owns 7,180 shares of the company's stock, valued at approximately $421,466. This trade represents a 16.18 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Tracey Hernandez sold 1,250 shares of Oxford Industries stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $86.92, for a total value of $108,650.00. Following the completion of the sale, the senior vice president now owns 1,681 shares in the company, valued at approximately $146,112.52. This trade represents a 42.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.70% of the company's stock.

Institutional Investors Weigh In On Oxford Industries

Hedge funds and other institutional investors have recently bought and sold shares of the business. Wellington Management Group LLP increased its holdings in shares of Oxford Industries by 4.9% in the 4th quarter. Wellington Management Group LLP now owns 580,580 shares of the textile maker's stock valued at $45,738,000 after purchasing an additional 27,198 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Oxford Industries by 20.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 24,329 shares of the textile maker's stock worth $1,917,000 after purchasing an additional 4,141 shares during the last quarter. Vident Advisory LLC grew its holdings in shares of Oxford Industries by 9.0% during the fourth quarter. Vident Advisory LLC now owns 8,249 shares of the textile maker's stock worth $650,000 after buying an additional 683 shares in the last quarter. ProShare Advisors LLC grew its holdings in shares of Oxford Industries by 44.5% during the fourth quarter. ProShare Advisors LLC now owns 4,467 shares of the textile maker's stock worth $352,000 after buying an additional 1,376 shares in the last quarter. Finally, Man Group plc acquired a new position in shares of Oxford Industries in the fourth quarter valued at approximately $3,119,000. 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.