Oxford Industries (NYSE:OXM) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

Oxford Industries, Inc. (NYSE:OXM) crossed 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 trading hands.

Analysts Set New Price Targets

Several research analysts have weighed in on OXM shares. 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. UBS Group decreased their price objective on Oxford Industries from $81.00 to $80.00 and set a “neutral” rating on the stock in a research note on Thursday, December 12th. Finally, Citigroup lowered their price objective on Oxford Industries from $92.00 to $65.00 and set a “sell” rating on the stock in a research report on Friday, September 13th.

Oxford Industries Trading Down 0.5 %

The stock has a market cap of $1.35 billion, a P/E ratio of 96.83 and a beta of 1.56. The company has a 50-day moving average price of $79.85 and a two-hundred day moving average price of $85.69. The company has a current ratio of 1.42, a quick ratio of 0.65 and a debt-to-equity ratio of 0.09.

Oxford Industries (NYSE:OXM) last issued its earnings results 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 analysts’ expectations of $316.84 million. Oxford Industries had a net margin of 0.98% and a return on equity of 19.09%. The firm’s revenue for the quarter was down 5.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.01 earnings per share. On average, research analysts expect that Oxford Industries, Inc. will post 6.62 EPS for the current fiscal year.

Oxford Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders 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 dividend yield of 3.11%. Oxford Industries’s payout ratio is presently 301.12%.

Institutional Investors Weigh In On Oxford Industries

A number of hedge funds have recently made changes to their positions in the stock. Mercer Global Advisors Inc. ADV boosted its stake in Oxford Industries by 4.7% in the second quarter. Mercer Global Advisors Inc. ADV now owns 3,359 shares of the textile maker’s stock valued at $336,000 after acquiring an additional 150 shares in the last quarter. Creative Planning boosted its holdings in Oxford Industries by 6.0% during the third quarter. Creative Planning now owns 3,885 shares of the textile maker’s stock worth $337,000 after buying an additional 219 shares in the last quarter. SG Americas Securities LLC grew its position in shares of Oxford Industries by 5.8% during the 3rd quarter. SG Americas Securities LLC now owns 4,361 shares of the textile maker’s stock valued at $378,000 after acquiring an additional 240 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of Oxford Industries by 3.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,702 shares of the textile maker’s stock worth $771,000 after buying an additional 276 shares during the period. Finally, Texas Permanent School Fund Corp raised its position in shares of Oxford Industries by 2.2% during the 2nd quarter. Texas Permanent School Fund Corp now owns 13,132 shares of the textile maker’s stock worth $1,315,000 after purchasing an additional 278 shares during the last quarter. 91.16% of the stock is currently 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.