Citigroup Cuts Oxford Industries (NYSE:OXM) Price Target to $65.00

Oxford Industries (NYSE:OXM) had its price objective decreased by Citigroup from $92.00 to $65.00 in a research note published on Friday, Benzinga reports. Citigroup currently has a sell rating on the textile maker’s stock.

A number of other equities analysts have also recently weighed in on OXM. Telsey Advisory Group lowered their price objective on shares of Oxford Industries from $110.00 to $86.00 and set a market perform rating for the company in a research report on Thursday. UBS Group decreased their price objective on shares of Oxford Industries from $101.00 to $91.00 and set a neutral rating for the company in a research report on Thursday, September 5th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Oxford Industries presently has an average rating of Hold and a consensus target price of $90.40.

Oxford Industries Stock Performance

Shares of OXM stock opened at $85.15 on Friday. Oxford Industries has a 12-month low of $74.95 and a 12-month high of $113.88. The company has a market cap of $1.34 billion, a PE ratio of 34.47 and a beta of 1.53. The company has a current ratio of 1.32, a quick ratio of 0.68 and a debt-to-equity ratio of 0.03. The business’s fifty day simple moving average is $92.74 and its 200-day simple moving average is $100.82.

Oxford Industries (NYSE:OXM) last issued its quarterly earnings data on Wednesday, September 11th. The textile maker reported $2.77 EPS for the quarter, missing analysts’ consensus estimates of $3.00 by ($0.23). Oxford Industries had a return on equity of 22.19% and a net margin of 1.92%. The firm had revenue of $419.89 million for the quarter, compared to analyst estimates of $438.16 million. During the same period in the previous year, the business earned $3.45 EPS. Oxford Industries’s revenue for the quarter was down .1% compared to the same quarter last year. Analysts expect that Oxford Industries will post 8.8 earnings per share for the current fiscal year.

Oxford Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Friday, October 18th will be given a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 3.15%. The ex-dividend date of this dividend is Friday, October 18th. Oxford Industries’s dividend payout ratio (DPR) is presently 108.50%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. 1620 Investment Advisors Inc. bought a new position in shares of Oxford Industries in the 2nd quarter valued at about $28,000. Quest Partners LLC acquired a new stake in Oxford Industries during the fourth quarter worth approximately $36,000. Quarry LP boosted its stake in Oxford Industries by 4,650.0% in the 2nd quarter. Quarry LP now owns 475 shares of the textile maker’s stock valued at $48,000 after purchasing an additional 465 shares during the period. Natixis bought a new stake in shares of Oxford Industries in the first quarter valued at about $109,000. Finally, SG Americas Securities LLC acquired a new position in shares of Oxford Industries during the 1st quarter worth approximately $137,000. Institutional investors and hedge funds own 91.16% of the company’s stock.

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.