Oxford Industries’ (OXM) “Sector Weight” Rating Reiterated at KeyCorp

KeyCorp reiterated their sector weight rating on shares of Oxford Industries (NYSE:OXM) in a research note released on Friday morning, Marketbeat reports. KeyCorp also issued estimates for Oxford Industries’ FY2027 earnings at $5.64 EPS.

Other equities analysts also recently issued reports about the company. Telsey Advisory Group dropped their target price on Oxford Industries from $86.00 to $68.00 and set a “market perform” rating for the company in a research report on Monday, March 24th. UBS Group dropped their price objective on shares of Oxford Industries from $81.00 to $80.00 and set a “neutral” rating for the company in a report on Thursday, December 12th.

Oxford Industries Stock Performance

NYSE:OXM opened at $58.93 on Friday. Oxford Industries has a fifty-two week low of $53.23 and a fifty-two week high of $111.46. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.71 and a current ratio of 1.42. The company has a 50 day moving average price of $69.73 and a 200 day moving average price of $76.63. The stock has a market capitalization of $925.26 million, a P/E ratio of 66.21 and a beta of 1.61.

Oxford Industries (NYSE:OXM) last released its quarterly earnings results on Thursday, March 27th. The textile maker reported $1.37 EPS for the quarter, topping the consensus estimate of $1.28 by $0.09. Oxford Industries had a return on equity of 19.09% and a net margin of 0.98%. The business had revenue of $390.51 million during the quarter, compared to analyst estimates of $383.94 million. During the same period last year, the business posted $1.90 earnings per share. The company’s quarterly revenue was down 3.4% on a year-over-year basis. Equities research analysts forecast that Oxford Industries will post 6.62 EPS for the current year.

Oxford Industries Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Thursday, April 17th will be given a $0.69 dividend. The ex-dividend date is Thursday, April 17th. This represents a $2.76 dividend on an annualized basis and a yield of 4.68%. This is a positive change from Oxford Industries’s previous quarterly dividend of $0.67. Oxford Industries’s dividend payout ratio (DPR) is currently 301.12%.

Insider Transactions at Oxford Industries

In other news, SVP Tracey Hernandez sold 1,250 shares of Oxford Industries stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $86.92, for a total transaction of $108,650.00. Following the completion of the sale, the senior vice president now directly owns 1,681 shares of the company’s stock, valued at approximately $146,112.52. The trade was a 42.65 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 5.70% of the company’s stock.

Institutional Trading of Oxford Industries

A number of hedge funds and other institutional investors have recently bought and sold shares of OXM. Advisors Asset Management Inc. increased its holdings in shares of Oxford Industries by 223.3% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,568 shares of the textile maker’s stock valued at $136,000 after acquiring an additional 1,083 shares during the last quarter. Intech Investment Management LLC purchased a new position in Oxford Industries in the third quarter valued at approximately $502,000. Charles Schwab Investment Management Inc. raised its holdings in Oxford Industries by 4.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 568,234 shares of the textile maker’s stock worth $49,300,000 after purchasing an additional 25,619 shares in the last quarter. Cerity Partners LLC lifted its position in shares of Oxford Industries by 25.6% during the 3rd quarter. Cerity Partners LLC now owns 10,644 shares of the textile maker’s stock worth $923,000 after buying an additional 2,167 shares during the last quarter. Finally, FMR LLC boosted its holdings in shares of Oxford Industries by 36.8% in the 3rd quarter. FMR LLC now owns 906,324 shares of the textile maker’s stock valued at $78,633,000 after buying an additional 244,022 shares in the last quarter. 91.16% of the stock is currently owned by institutional investors and hedge funds.

Oxford Industries Company Profile

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.