Oxford Industries (NYSE:OXM) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Oxford Industries, Inc. (NYSE:OXM)’s share price passed 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.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Telsey Advisory Group reissued a “market perform” rating and issued a $86.00 target price on shares of Oxford Industries in a report on Wednesday, December 4th. Citigroup reduced their price objective on Oxford Industries from $92.00 to $65.00 and set a “sell” rating for the company in a research report on Friday, September 13th. Finally, UBS Group reduced their price target 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 Trading Down 0.5 %

The firm has a 50-day moving average of $79.85 and a 200 day moving average 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. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of 96.83 and a beta of 1.56.

Oxford Industries (NYSE:OXM) last issued its quarterly earnings data on Wednesday, December 11th. The textile maker reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.20). Oxford Industries had a net margin of 0.98% and a return on equity of 19.09%. The company had revenue of $308.00 million for the quarter, compared to the consensus estimate of $316.84 million. During the same quarter in the prior year, the firm earned $1.01 earnings per share. Oxford Industries’s revenue for the quarter was down 5.7% compared to the same quarter last year. As a group, equities analysts predict that Oxford Industries, Inc. will post 6.62 EPS for the current fiscal year.

Oxford Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be issued 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 is 301.12%.

Institutional Trading of Oxford Industries

Hedge funds have recently made changes to their positions in the stock. Quarry LP lifted its stake 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 acquiring an additional 465 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in Oxford Industries by 223.3% in the third quarter. Advisors Asset Management Inc. now owns 1,568 shares of the textile maker’s stock worth $136,000 after purchasing an additional 1,083 shares in the last quarter. M&T Bank Corp acquired a new position in Oxford Industries during the third quarter worth $206,000. Verity Asset Management Inc. bought a new position in Oxford Industries during the third quarter valued at about $233,000. Finally, Mercer Global Advisors Inc. ADV lifted its position in shares of 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 worth $336,000 after buying an additional 150 shares during the last quarter. 91.16% of the stock is owned by hedge funds and other institutional investors.

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.