UBS Group Has Lowered Expectations for Oxford Industries (NYSE:OXM) Stock Price

Oxford Industries (NYSE:OXM - Free Report) had its target price reduced by UBS Group from $66.00 to $57.00 in a research note issued to investors on Friday morning,Benzinga reports. They currently have a neutral rating on the textile maker's stock.

A number of other analysts have also recently commented on the company. KeyCorp restated a "sector weight" rating on shares of Oxford Industries in a research report on Friday. Telsey Advisory Group reduced their price objective on shares of Oxford Industries from $86.00 to $68.00 and set a "market perform" rating for the company in a research report on Monday, March 24th.

Oxford Industries Stock Performance

NYSE OXM traded up $0.42 during mid-day trading on Friday, reaching $59.09. 129,531 shares of the stock were exchanged, compared to its average volume of 339,409. The company has a market capitalization of $927.69 million, a P/E ratio of 66.39 and a beta of 1.61. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.71 and a current ratio of 1.42. The business's 50 day moving average is $69.20 and its 200-day moving average is $76.45. Oxford Industries has a 1 year low of $53.23 and a 1 year high of $111.46.

Oxford Industries (NYSE:OXM - Get Free Report) last posted its earnings results on Thursday, March 27th. The textile maker reported $1.37 earnings per share (EPS) for the quarter, topping 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 business had revenue of $390.51 million for the quarter, compared to analyst estimates of $383.94 million. During the same period in the prior year, the company posted $1.90 EPS. The company's revenue for the quarter was down 3.4% on a year-over-year basis. On average, equities research analysts forecast that Oxford Industries will post 6.62 EPS for the current fiscal year.

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Oxford Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Thursday, April 17th will be given a dividend of $0.69 per share. The ex-dividend date 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 4.67%. Oxford Industries's payout ratio is presently 47.02%.

Insider Activity at Oxford Industries

In other Oxford Industries 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 transaction, the senior vice president now directly owns 1,681 shares of the company's stock, 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 accessible through the SEC website. Insiders own 5.70% of the company's stock.

Institutional Trading of Oxford Industries

Several hedge funds have recently made changes to their positions in OXM. Southernsun Asset Management LLC purchased a new stake in shares of Oxford Industries during the 4th quarter valued at approximately $20,308,000. Senvest Management LLC purchased a new stake in Oxford Industries in the fourth quarter valued at $19,352,000. FMR LLC lifted its stake in shares of Oxford Industries by 36.8% in the 3rd quarter. FMR LLC now owns 906,324 shares of the textile maker's stock valued at $78,633,000 after purchasing an additional 244,022 shares during the last quarter. Global Alpha Capital Management Ltd. acquired a new position in shares of Oxford Industries in the 4th quarter valued at $16,489,000. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Oxford Industries by 13.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 849,973 shares of the textile maker's stock worth $66,958,000 after purchasing an additional 103,253 shares during the period. Hedge funds and other institutional investors 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.