Oxford Industries (NYSE:OXM) Lowered to Sell Rating by Wall Street Zen

Wall Street Zen downgraded shares of Oxford Industries (NYSE:OXM) from a hold rating to a sell rating in a report issued on Sunday morning.

Other equities research analysts have also recently issued reports about the company. Truist Financial decreased their price target on Oxford Industries from $38.00 to $32.00 and set a “hold” rating for the company in a research note on Friday, March 27th. Telsey Advisory Group cut their price objective on shares of Oxford Industries from $40.00 to $36.00 and set a “market perform” rating on the stock in a report on Friday, March 27th. KeyCorp reaffirmed a “sector weight” rating on shares of Oxford Industries in a research report on Thursday, December 11th. Weiss Ratings reiterated a “sell (d)” rating on shares of Oxford Industries in a research note on Monday, December 29th. Finally, Citigroup boosted their target price on shares of Oxford Industries from $33.00 to $34.00 and gave the stock a “neutral” rating in a research report on Monday, March 30th. Six equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Oxford Industries currently has a consensus rating of “Reduce” and an average price target of $34.25.

Oxford Industries Trading Down 0.0%

NYSE:OXM opened at $39.29 on Friday. The stock has a market capitalization of $585.04 million, a price-to-earnings ratio of -20.25 and a beta of 1.00. Oxford Industries has a 52 week low of $30.57 and a 52 week high of $60.31. The company has a quick ratio of 0.48, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. The firm has a 50 day moving average of $37.68 and a 200 day moving average of $37.81.

Oxford Industries (NYSE:OXM) last released its quarterly earnings results on Thursday, March 26th. The textile maker reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.14). Oxford Industries had a positive return on equity of 5.68% and a negative net margin of 1.89%.The firm had revenue of $374.49 million during the quarter, compared to analysts’ expectations of $372.30 million. During the same period in the prior year, the firm posted $1.37 earnings per share. Oxford Industries’s revenue for the quarter was down 4.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Oxford Industries will post 6.62 earnings per share for the current fiscal year.

Oxford Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Friday, April 17th will be issued a $0.70 dividend. This is a boost from Oxford Industries’s previous quarterly dividend of $0.69. This represents a $2.80 dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date of this dividend is Friday, April 17th. Oxford Industries’s dividend payout ratio is currently -142.27%.

Institutional Investors Weigh In On Oxford Industries

Institutional investors and hedge funds have recently modified their holdings of the company. Hantz Financial Services Inc. increased its holdings in Oxford Industries by 245.9% in the 3rd quarter. Hantz Financial Services Inc. now owns 671 shares of the textile maker’s stock worth $27,000 after buying an additional 477 shares during the period. CWM LLC lifted its stake in Oxford Industries by 61.5% during the 3rd quarter. CWM LLC now owns 801 shares of the textile maker’s stock valued at $32,000 after acquiring an additional 305 shares during the period. GAMMA Investing LLC lifted its stake in Oxford Industries by 46.6% during the 4th quarter. GAMMA Investing LLC now owns 925 shares of the textile maker’s stock valued at $32,000 after acquiring an additional 294 shares during the period. Quarry LP purchased a new stake in shares of Oxford Industries in the 3rd quarter valued at $38,000. Finally, Signaturefd LLC increased its stake in shares of Oxford Industries by 28.1% in the fourth quarter. Signaturefd LLC now owns 1,368 shares of the textile maker’s stock worth $47,000 after acquiring an additional 300 shares during the period. Institutional investors and hedge funds own 91.16% of the company’s stock.

About Oxford Industries

Oxford Industries, Inc, incorporated in 1942 and headquartered in Atlanta, Georgia, is a leading designer, marketer and distributor of high-quality men’s and women’s lifestyle apparel and accessories. The company’s product portfolio features a mix of owned brands and licensed partnerships that span casual, resort and performance categories. Key owned brands include Tommy Bahama, renowned for its island-inspired menswear and women’s sportswear, and Southern Tide, which offers coastal-focused clothing and footwear.