Short Interest in Oxford Industries, Inc. (NYSE:OXM) Increases By 20.1%

Oxford Industries, Inc. (NYSE:OXMGet Free Report) saw a significant increase in short interest in the month of May. As of May 31st, there was short interest totalling 2,330,000 shares, an increase of 20.1% from the May 15th total of 1,940,000 shares. Based on an average daily trading volume, of 247,900 shares, the short-interest ratio is currently 9.4 days. Currently, 15.8% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on OXM shares. Telsey Advisory Group reaffirmed a “market perform” rating and set a $110.00 target price on shares of Oxford Industries in a research note on Thursday. Citigroup decreased their target price on Oxford Industries from $94.00 to $92.00 and set a “sell” rating for the company in a research note on Thursday. Finally, UBS Group decreased their target price on Oxford Industries from $106.00 to $104.00 and set a “neutral” rating for the company in a research note on Monday, April 1st. One 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’s stock. Based on data from MarketBeat, Oxford Industries presently has an average rating of “Hold” and a consensus price target of $103.20.

Get Our Latest Report on Oxford Industries

Oxford Industries Stock Up 2.4 %

NYSE:OXM traded up $2.41 on Monday, hitting $101.83. The stock had a trading volume of 499,727 shares, compared to its average volume of 224,863. The business’s fifty day moving average is $106.26 and its 200 day moving average is $102.40. The company has a market cap of $1.60 billion, a PE ratio of 41.23 and a beta of 1.55. The company has a quick ratio of 0.68, a current ratio of 1.32 and a debt-to-equity ratio of 0.03. Oxford Industries has a 52 week low of $82.33 and a 52 week high of $113.88.

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 (EPS) for the quarter, missing the consensus estimate of $2.70 by ($0.04). The firm had revenue of $398.18 million during the quarter, compared to the consensus estimate of $404.81 million. Oxford Industries had a return on equity of 23.78% and a net margin of 2.62%. The firm’s revenue was down 5.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.78 EPS. On average, equities research analysts expect that Oxford Industries will post 8.8 EPS for the current fiscal year.

Oxford Industries Dividend Announcement

The company 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 is Friday, July 19th. This represents a $2.68 annualized dividend and a yield of 2.63%. Oxford Industries’s payout ratio is currently 108.50%.

Insider Activity

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Boston Partners bought a new position in Oxford Industries in the first quarter worth approximately $990,000. Delphi Management Inc. MA lifted its holdings in shares of Oxford Industries by 5.9% in the first quarter. Delphi Management Inc. MA now owns 6,695 shares of the textile maker’s stock valued at $753,000 after purchasing an additional 373 shares in the last quarter. Comerica Bank lifted its holdings in shares of Oxford Industries by 2.6% in the first quarter. Comerica Bank now owns 23,432 shares of the textile maker’s stock valued at $2,634,000 after purchasing an additional 589 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Oxford Industries by 8.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 7,264 shares of the textile maker’s stock valued at $817,000 after purchasing an additional 538 shares in the last quarter. Finally, Truvestments Capital LLC bought a new position in shares of Oxford Industries in the first quarter valued at approximately $209,000. Institutional investors own 91.16% of the company’s stock.

About Oxford Industries

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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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