Oxford Industries (NYSE:OXM) Shares Cross Above 200-Day Moving Average – Time to Sell?

Oxford Industries, Inc. (NYSE:OXM)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $85.69 and traded as high as $86.67. Oxford Industries shares last traded at $86.31, with a volume of 336,753 shares.

Wall Street Analyst Weigh In

OXM has been the subject of a number of research analyst reports. Telsey Advisory Group reaffirmed a “market perform” rating and set a $86.00 price objective on shares of Oxford Industries in a report on Wednesday, December 4th. Citigroup dropped their price target on Oxford Industries from $92.00 to $65.00 and set a “sell” rating for the company in a research note on Friday, September 13th. Finally, UBS Group reduced their price objective on Oxford Industries from $81.00 to $80.00 and set a “neutral” rating on the stock in a research report on Thursday, December 12th.

Oxford Industries Stock Up 3.8 %

The company has a market cap of $1.36 billion, a PE ratio of 96.98 and a beta of 1.56. The stock’s 50 day moving average price is $79.85 and its 200-day moving average price is $85.69. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.65 and a current ratio of 1.42.

Oxford Industries (NYSE:OXM) last announced its quarterly earnings data on Wednesday, December 11th. The textile maker reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.20). The company had revenue of $308.00 million for the quarter, compared to the consensus estimate of $316.84 million. Oxford Industries had a net margin of 0.98% and a return on equity of 19.09%. The firm’s quarterly revenue was down 5.7% compared to the same quarter last year. During the same period last year, the business posted $1.01 earnings per share. On average, analysts predict that Oxford Industries, Inc. will post 6.62 earnings per share for the current year.

Oxford Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be given a $0.67 dividend. The ex-dividend date is Friday, January 17th. This represents a $2.68 annualized dividend and a yield of 3.11%. Oxford Industries’s payout ratio is currently 301.12%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in OXM. Quarry LP increased its position in shares of Oxford Industries by 4,650.0% in the second quarter. Quarry LP now owns 475 shares of the textile maker’s stock valued at $48,000 after acquiring an additional 465 shares during the period. Advisors Asset Management Inc. increased its holdings in Oxford Industries by 223.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,568 shares of the textile maker’s stock valued at $136,000 after purchasing an additional 1,083 shares during the period. M&T Bank Corp purchased a new stake in Oxford Industries in the 3rd quarter worth approximately $206,000. Verity Asset Management Inc. bought a new stake in shares of Oxford Industries in the 3rd quarter worth approximately $233,000. Finally, FORA Capital LLC purchased a new position in shares of Oxford Industries during the third quarter valued at approximately $300,000. 91.16% of the stock is owned by hedge funds and other institutional investors.

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.