Oxford Industries, Inc. (NYSE:OXM) Sees Significant Increase in Short Interest

Oxford Industries, Inc. (NYSE:OXMGet Free Report) was the recipient of a large growth in short interest in May. As of May 31st, there was short interest totalling 2,330,000 shares, a growth of 20.1% from the May 15th total of 1,940,000 shares. Currently, 15.8% of the shares of the stock are short sold. Based on an average trading volume of 247,900 shares, the days-to-cover ratio is presently 9.4 days.

Wall Street Analyst Weigh In

OXM has been the topic of several recent research reports. UBS Group decreased their price target on Oxford Industries from $106.00 to $104.00 and set a “neutral” rating on the stock in a report on Monday, April 1st. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $110.00 target price on shares of Oxford Industries in a research note on Thursday. Finally, Citigroup dropped their price target on shares of Oxford Industries from $94.00 to $92.00 and set a “sell” rating for the company in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Oxford Industries has a consensus rating of “Hold” and an average target price of $103.20.

Read Our Latest Stock Analysis on OXM

Insiders Place Their Bets

In other news, CEO Douglas B. Wood sold 33,587 shares of the stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $104.95, for a total transaction of $3,524,955.65. Following the sale, the chief executive officer now directly owns 12,394 shares of the company’s stock, valued at $1,300,750.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 5.70% of the company’s stock.

Hedge Funds Weigh In On Oxford Industries

Several institutional investors have recently modified their holdings of OXM. Vanguard Group Inc. lifted its position in Oxford Industries by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 1,767,543 shares of the textile maker’s stock valued at $198,672,000 after acquiring an additional 4,869 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Oxford Industries by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 735,045 shares of the textile maker’s stock valued at $73,507,000 after purchasing an additional 5,767 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Oxford Industries by 7.9% in the fourth quarter. Wellington Management Group LLP now owns 403,340 shares of the textile maker’s stock valued at $40,334,000 after purchasing an additional 29,493 shares in the last quarter. William Blair Investment Management LLC boosted its position in shares of Oxford Industries by 18.2% during the first quarter. William Blair Investment Management LLC now owns 371,168 shares of the textile maker’s stock worth $41,719,000 after buying an additional 57,117 shares during the period. Finally, American Century Companies Inc. grew its holdings in shares of Oxford Industries by 15.2% during the third quarter. American Century Companies Inc. now owns 200,637 shares of the textile maker’s stock worth $19,287,000 after buying an additional 26,532 shares in the last quarter. Institutional investors own 91.16% of the company’s stock.

Oxford Industries Trading Down 2.4 %

Shares of NYSE:OXM traded down $2.43 during mid-day trading on Friday, reaching $99.42. The stock had a trading volume of 640,257 shares, compared to its average volume of 316,250. The firm has a 50 day simple moving average of $106.26 and a two-hundred day simple moving average of $102.26. Oxford Industries has a twelve month low of $82.33 and a twelve month high of $113.88. The firm has a market cap of $1.55 billion, a PE ratio of 40.25 and a beta of 1.55. The company has a current ratio of 1.22, a quick ratio of 0.55 and a debt-to-equity ratio of 0.05.

Oxford Industries (NYSE:OXMGet Free Report) last announced its quarterly earnings results on Wednesday, June 12th. The textile maker reported $2.66 earnings per share for the quarter, missing analysts’ consensus estimates of $2.70 by ($0.04). Oxford Industries had a return on equity of 23.67% and a net margin of 2.62%. The firm had revenue of $398.18 million for the quarter, compared to the consensus estimate of $404.81 million. During the same period in the prior year, the business earned $3.78 earnings per share. The company’s revenue for the quarter was down 5.2% compared to the same quarter last year. On average, research analysts predict that Oxford Industries will post 8.8 EPS for the current fiscal year.

Oxford Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 2nd. Shareholders of record on Friday, July 19th will be issued a $0.67 dividend. The ex-dividend date of this dividend is Friday, July 19th. This represents a $2.68 annualized dividend and a dividend yield of 2.70%. Oxford Industries’s dividend payout ratio (DPR) is currently 108.50%.

Oxford Industries Company Profile

(Get Free Report)

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.

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