Truist Financial Issues Pessimistic Forecast for Oxford Industries (NYSE:OXM) Stock Price

Oxford Industries (NYSE:OXM) had its price objective decreased by Truist Financial from $56.00 to $47.00 in a research report sent to investors on Thursday morning,Benzinga reports. Truist Financial currently has a hold rating on the textile maker’s stock.

Other analysts also recently issued reports about the stock. Citigroup decreased their price objective on shares of Oxford Industries from $47.00 to $44.00 and set a “sell” rating on the stock in a research report on Thursday. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $52.00 price objective on shares of Oxford Industries in a research note on Thursday. UBS Group lifted their target price on Oxford Industries from $54.00 to $56.00 and gave the company a “neutral” rating in a research note on Thursday, June 5th. Finally, KeyCorp reiterated a “sector weight” rating on shares of Oxford Industries in a research report on Friday, March 28th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $55.80.

Oxford Industries Stock Down 8.4%

OXM opened at $39.45 on Thursday. The firm’s 50 day simple moving average is $51.72 and its two-hundred day simple moving average is $66.00. The company has a market capitalization of $586.38 million, a PE ratio of 44.32 and a beta of 1.45. Oxford Industries has a 1-year low of $39.28 and a 1-year high of $108.51. The company has a current ratio of 1.42, a quick ratio of 0.71 and a debt-to-equity ratio of 0.09.

Oxford Industries (NYSE:OXM) last posted its quarterly earnings data on Wednesday, June 11th. The textile maker reported $1.82 EPS for the quarter, hitting the consensus estimate of $1.82. Oxford Industries had a return on equity of 19.09% and a net margin of 0.98%. The firm had revenue of $392.86 million for the quarter, compared to the consensus estimate of $383.54 million. During the same quarter last year, the company earned $2.66 earnings per share. The business’s revenue for the quarter was down 1.3% compared to the same quarter last year. As a group, equities analysts forecast that Oxford Industries will post 6.62 EPS for the current year.

Oxford Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Friday, July 18th will be paid a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a yield of 7.00%. The ex-dividend date is Friday, July 18th. Oxford Industries’s payout ratio is 47.02%.

Insider Buying and Selling at Oxford Industries

In related news, Director Milford W. Mcguirt bought 1,000 shares of Oxford Industries stock in a transaction dated Wednesday, April 2nd. The shares were acquired at an average cost of $58.70 per share, with a total value of $58,700.00. Following the completion of the transaction, the director now owns 7,180 shares in the company, valued at $421,466. The trade was a 16.18% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 6.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Oxford Industries

A number of large investors have recently modified their holdings of OXM. Global Alpha Capital Management Ltd. bought a new position in Oxford Industries during the 4th quarter worth about $16,489,000. Charles Schwab Investment Management Inc. raised its holdings in Oxford Industries by 8.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 618,654 shares of the textile maker’s stock worth $48,738,000 after purchasing an additional 50,420 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Oxford Industries by 16.1% in the fourth quarter. Bank of New York Mellon Corp now owns 232,045 shares of the textile maker’s stock worth $18,281,000 after purchasing an additional 32,224 shares in the last quarter. Entropy Technologies LP purchased a new stake in shares of Oxford Industries during the fourth quarter valued at about $376,000. Finally, Principal Financial Group Inc. boosted its holdings in shares of Oxford Industries by 3.1% in the 4th quarter. Principal Financial Group Inc. now owns 71,850 shares of the textile maker’s stock valued at $5,660,000 after buying an additional 2,137 shares in the last quarter. Hedge funds and other institutional investors own 91.16% of the company’s stock.

About Oxford Industries

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.