Oxford Industries, Inc. (NYSE:OXM) Given Consensus Recommendation of “Hold” by Brokerages

Posted by Defense World Staff on Aug 5th, 2023

Shares of Oxford Industries, Inc. (NYSE:OXM – Get Free Report) have been given an average rating of “Hold” by the five ratings firms that are presently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $123.50.

Several research analysts recently issued reports on the stock. Citigroup cut their price target on shares of Oxford Industries from $110.00 to $101.00 in a report on Thursday, June 8th. UBS Group assumed coverage on shares of Oxford Industries in a research report on Friday, June 16th. They set a “neutral” rating and a $110.00 price target for the company. Finally, StockNews.com downgraded shares of Oxford Industries from a “buy” rating to a “hold” rating in a research report on Tuesday.

Insider Buying and Selling at Oxford Industries

In related news, Director Dennis M. Love sold 1,000 shares of Oxford Industries stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $103.41, for a total transaction of $103,410.00. Following the transaction, the director now owns 16,923 shares in the company, valued at approximately $1,750,007.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Dennis M. Love sold 929 shares of the business’s stock in a transaction dated Wednesday, July 12th. The shares were sold at an average price of $104.58, for a total value of $97,154.82. Following the completion of the sale, the director now owns 15,994 shares of the company’s stock, valued at approximately $1,672,652.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dennis M. Love sold 1,000 shares of the business’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $103.41, for a total transaction of $103,410.00. Following the completion of the sale, the director now directly owns 16,923 shares of the company’s stock, valued at approximately $1,750,007.43. The disclosure for this sale can be found here. 6.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Oxford Industries

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Steward Partners Investment Advisory LLC bought a new stake in shares of Oxford Industries during the 4th quarter valued at about $25,000. Coppell Advisory Solutions Corp. bought a new stake in shares of Oxford Industries during the 4th quarter valued at about $35,000. Gladius Capital Management LP bought a new stake in shares of Oxford Industries during the 4th quarter valued at about $43,000. First Horizon Advisors Inc. grew its position in shares of Oxford Industries by 120.8% during the 2nd quarter. First Horizon Advisors Inc. now owns 446 shares of the textile maker’s stock valued at $44,000 after buying an additional 244 shares during the last quarter. Finally, UBS Group AG grew its position in shares of Oxford Industries by 51.4% during the 3rd quarter. UBS Group AG now owns 501 shares of the textile maker’s stock valued at $45,000 after buying an additional 170 shares during the last quarter. Institutional investors own 91.73% of the company’s stock.

Oxford Industries Trading Up 0.8 %

OXM stock opened at $105.99 on Friday. The company has a current ratio of 1.35, a quick ratio of 0.61 and a debt-to-equity ratio of 0.16. Oxford Industries has a 12-month low of $85.00 and a 12-month high of $123.37. The stock has a market cap of $1.67 billion, a price-to-earnings ratio of 10.24 and a beta of 1.51. The business’s 50-day moving average is $102.18 and its 200 day moving average is $107.04.

Oxford Industries (NYSE:OXM – Get Free Report) last announced its earnings results on Wednesday, June 7th. The textile maker reported $3.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.74 by $0.04. The company had revenue of $420.10 million for the quarter, compared to analyst estimates of $419.10 million. Oxford Industries had a return on equity of 32.20% and a net margin of 11.28%. On average, sell-side analysts anticipate that Oxford Industries will post 11.05 EPS for the current fiscal year.

Oxford Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 28th. Shareholders of record on Friday, July 14th were issued a $0.65 dividend. The ex-dividend date of this dividend was Thursday, July 13th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 2.45%. Oxford Industries’s dividend payout ratio (DPR) is presently 25.12%.

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; women's and girl's dresses and sportswear, scarves, bags, jewelry, and belts, as well as footwear and children's apparel and swimwear under the Lilly Pulitzer brand; and men's shirts, pants, shorts, outerwear, ties, swimwear, footwear, and accessories, as well as women and youth products under the Southern Tide brand.