Oxford Industries, Inc. (NYSE:OXM – Get Free Report)’s share price fell 6% on Monday . The company traded as low as $42.93 and last traded at $42.7650. 26,783 shares traded hands during mid-day trading, a decline of 92% from the average session volume of 327,137 shares. The stock had previously closed at $45.48.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on the stock. Telsey Advisory Group boosted their price target on shares of Oxford Industries from $36.00 to $51.00 and gave the company a “market perform” rating in a research report on Wednesday, April 22nd. Truist Financial decreased their price target on shares of Oxford Industries from $38.00 to $32.00 and set a “hold” rating on the stock in a report on Friday, March 27th. UBS Group decreased their price target on shares of Oxford Industries from $36.00 to $35.00 and set a “neutral” rating on the stock in a report on Thursday, March 19th. Citigroup upped their price target on shares of Oxford Industries from $33.00 to $34.00 and gave the stock a “neutral” rating in a report on Monday, March 30th. Finally, Wall Street Zen cut shares of Oxford Industries from a “hold” rating to a “sell” rating in a report on Sunday, April 5th. Five equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Oxford Industries currently has a consensus rating of “Reduce” and a consensus price target of $38.00.
Get Our Latest Stock Report on OXM
Oxford Industries Trading Down 4.0%
Oxford Industries (NYSE:OXM – Get Free Report) last announced its 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 company had revenue of $374.49 million during the quarter, compared to analysts’ expectations of $372.30 million. During the same quarter last year, the firm posted $1.37 earnings per share. The firm’s revenue was down 4.1% on a year-over-year basis. As a group, equities research analysts forecast that Oxford Industries, Inc. will post 2.51 EPS for the current year.
Oxford Industries Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, May 1st. Investors of record on Friday, April 17th were given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 7.0%. This is a boost from Oxford Industries’s previous quarterly dividend of $0.69. The ex-dividend date was Friday, April 17th. Oxford Industries’s dividend payout ratio (DPR) is presently -144.33%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in OXM. Cerity Partners LLC grew its holdings in shares of Oxford Industries by 3.0% during the second quarter. Cerity Partners LLC now owns 9,914 shares of the textile maker’s stock valued at $399,000 after buying an additional 286 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Oxford Industries by 46.6% during the fourth quarter. GAMMA Investing LLC now owns 925 shares of the textile maker’s stock valued at $32,000 after buying an additional 294 shares during the last quarter. Signaturefd LLC grew its holdings in shares of Oxford Industries by 28.1% during the fourth quarter. Signaturefd LLC now owns 1,368 shares of the textile maker’s stock valued at $47,000 after buying an additional 300 shares during the last quarter. CWM LLC grew its holdings in shares of Oxford Industries by 61.5% during the third quarter. CWM LLC now owns 801 shares of the textile maker’s stock valued at $32,000 after buying an additional 305 shares during the last quarter. Finally, Illinois Municipal Retirement Fund grew its holdings in shares of Oxford Industries by 4.9% during the first quarter. Illinois Municipal Retirement Fund now owns 7,696 shares of the textile maker’s stock valued at $296,000 after buying an additional 359 shares during the last quarter. 91.16% of the stock is currently owned by hedge funds and other institutional investors.
Oxford Industries Company Profile
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.
Read More
- Five stocks we like better than Oxford Industries
- D-Wave Earnings Looked Weak, But Investors May Be Missing This
- Nebius Upside Expands as AI Feedback Loop Intensifies
- Insider Trades: Okta and Abbott See Buys, Micron Insiders Sell
- Plug Power Flips The Switch On Profitability
Receive News & Ratings for Oxford Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oxford Industries and related companies with MarketBeat.com's FREE daily email newsletter.
