Citigroup Inc Trims Oxford Industries Inc (OXM) Target Price to $64.00

Oxford Industries Inc (NYSE:OXM) had its price objective reduced by Citigroup Inc from $74.00 to $64.00 in a research note released on Friday morning. Citigroup Inc currently has a buy rating on the textile maker’s stock.

Several other research firms have also recently commented on OXM. Zacks Investment Research upgraded Oxford Industries from a sell rating to a hold rating in a research note on Tuesday, November 29th. DA Davidson set a $81.00 target price on Oxford Industries and gave the company a buy rating in a research note on Wednesday, November 30th. Telsey Advisory Group cut Oxford Industries from an outperform rating to a market perform rating and reduced their target price for the company from $77.00 to $67.00 in a research note on Wednesday, December 7th. B. Riley reiterated a buy rating and set a $75.00 target price on shares of Oxford Industries in a research note on Monday, December 5th. Finally, Wunderlich restated a buy rating and set a $80.00 price objective on shares of Oxford Industries in a research note on Friday, January 13th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of $71.75.

Oxford Industries (NYSE:OXM) traded up 1.75% on Friday, hitting $57.44. 155,032 shares of the stock traded hands. The stock has a market cap of $963.15 million, a price-to-earnings ratio of 18.25 and a beta of 0.42. The firm’s 50-day moving average price is $55.06 and its 200-day moving average price is $60.15. Oxford Industries has a 12-month low of $49.50 and a 12-month high of $76.19.

Oxford Industries (NYSE:OXM) last released its earnings results on Thursday, March 23rd. The textile maker reported $0.63 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by $0.29. The business had revenue of $261 million for the quarter, compared to analysts’ expectations of $267.28 million. Oxford Industries had a net margin of 5.87% and a return on equity of 17.54%. The business’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter last year, the company posted $1.09 earnings per share. On average, equities research analysts anticipate that Oxford Industries will post $3.58 EPS for the current fiscal year.

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The business also recently declared a quarterly dividend, which will be paid on Friday, April 28th. Investors of record on Thursday, April 13th will be given a $0.27 dividend. The ex-dividend date is Tuesday, April 11th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.88%. Oxford Industries’s dividend payout ratio (DPR) is 30.00%.

Several institutional investors have recently added to or reduced their stakes in OXM. BlackRock Fund Advisors raised its position in Oxford Industries by 8.3% in the third quarter. BlackRock Fund Advisors now owns 1,032,985 shares of the textile maker’s stock worth $69,933,000 after buying an additional 78,875 shares during the period. Dimensional Fund Advisors LP raised its position in Oxford Industries by 5.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 683,921 shares of the textile maker’s stock worth $41,125,000 after buying an additional 36,584 shares during the period. Foresters Investment Management Company Inc. raised its position in Oxford Industries by 71.4% in the fourth quarter. Foresters Investment Management Company Inc. now owns 532,800 shares of the textile maker’s stock worth $32,485,000 after buying an additional 222,000 shares during the period. Cardinal Capital Management LLC CT raised its position in Oxford Industries by 96.4% in the fourth quarter. Cardinal Capital Management LLC CT now owns 477,193 shares of the textile maker’s stock worth $28,693,000 after buying an additional 234,222 shares during the period. Finally, BlackRock Institutional Trust Company N.A. raised its position in Oxford Industries by 6.5% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 417,518 shares of the textile maker’s stock worth $28,266,000 after buying an additional 25,332 shares during the period. Institutional investors and hedge funds own 88.96% of the company’s stock.

About Oxford Industries

Oxford Industries, Inc is an apparel company. The Company designs, sources, markets and distributes products bearing the trademarks of its owned Tommy Bahama, Lilly Pulitzer and Southern Tide lifestyle brands, other owned brands and licensed brands, as well as private label apparel products. It distributes its lifestyle branded products through its direct to consumer channels, consisting of its Tommy Bahama and Lilly Pulitzer full-price retail stores and its e-commerce sites for Tommy Bahama, Lilly Pulitzer and Southern Tide, and through its wholesale distribution channels.

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