Oxford Industries (NYSE:OXM) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

Oxford Industries, Inc. (NYSE:OXM) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-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 traded.

Wall Street Analysts Forecast Growth

A number of research firms have commented on OXM. Telsey Advisory Group reiterated a “market perform” rating and issued a $86.00 price target on shares of Oxford Industries in a research report on Wednesday, December 4th. Citigroup cut their target price on shares of Oxford Industries from $92.00 to $65.00 and set a “sell” rating on the stock in a research note on Friday, September 13th. Finally, UBS Group cut their price target on Oxford Industries from $81.00 to $80.00 and set a “neutral” rating on the stock in a report on Thursday, December 12th.

Oxford Industries Stock Down 0.5 %

The company has a quick ratio of 0.65, a current ratio of 1.42 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $1.35 billion, a PE ratio of 96.83 and a beta of 1.56. The stock has a 50-day simple moving average of $79.85 and a 200-day simple moving average of $85.69.

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

Oxford Industries Dividend Announcement

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in OXM. Quarry LP lifted its position in 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 purchasing an additional 465 shares during the last quarter. Advisors Asset Management Inc. increased its position in shares of Oxford Industries by 223.3% during the third quarter. Advisors Asset Management Inc. now owns 1,568 shares of the textile maker’s stock valued at $136,000 after buying an additional 1,083 shares during the period. M&T Bank Corp bought a new stake in shares of Oxford Industries during the third quarter valued at approximately $206,000. Verity Asset Management Inc. bought a new stake in shares of Oxford Industries during the 3rd quarter valued at $233,000. Finally, FORA Capital LLC bought a new position in shares of Oxford Industries during the third quarter valued at approximately $300,000. Institutional investors 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.