Oxford Industries Inc (NYSE:OXM) saw a large increase in short interest in the month of May. As of May 31st, there was short interest totalling 1,823,600 shares, an increase of 15.3% from the April 30th total of 1,581,100 shares. Currently, 11.1% of the company’s shares are sold short. Based on an average daily volume of 181,900 shares, the days-to-cover ratio is presently 10.0 days.
OXM has been the topic of a number of analyst reports. Zacks Investment Research cut shares of Oxford Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, April 2nd. Citigroup initiated coverage on shares of Oxford Industries in a research report on Tuesday, April 16th. They issued a “buy” rating on the stock. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $82.00 target price (up previously from $76.00) on shares of Oxford Industries in a research report on Thursday, April 18th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Oxford Industries currently has a consensus rating of “Buy” and an average target price of $86.00.
A number of institutional investors have recently made changes to their positions in OXM. Oppenheimer Asset Management Inc. bought a new stake in shares of Oxford Industries during the 4th quarter valued at about $41,000. Quadrant Capital Group LLC lifted its position in Oxford Industries by 5,146.2% during the 1st quarter. Quadrant Capital Group LLC now owns 682 shares of the textile maker’s stock valued at $50,000 after acquiring an additional 669 shares during the period. HRT Financial LLC purchased a new position in Oxford Industries during the 4th quarter valued at about $204,000. GSA Capital Partners LLP purchased a new position in Oxford Industries during the 4th quarter valued at about $209,000. Finally, Campbell & CO Investment Adviser LLC purchased a new position in Oxford Industries during the 1st quarter valued at about $294,000. 92.66% of the stock is currently owned by institutional investors and hedge funds.
Oxford Industries (NYSE:OXM) last issued its earnings results on Wednesday, June 12th. The textile maker reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.09. The company had revenue of $282.00 million for the quarter, compared to analysts’ expectations of $276.75 million. Oxford Industries had a net margin of 6.03% and a return on equity of 15.43%. The firm’s revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.28 EPS. Sell-side analysts anticipate that Oxford Industries will post 4.57 EPS for the current year.
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 $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.95%. Oxford Industries’s dividend payout ratio (DPR) is presently 34.26%.
About Oxford Industries
Oxford Industries, Inc, an apparel company, designs, sources, markets, and distributes products of company owned and licensed brands, and private labels apparel products worldwide. The company offers men's and women's sportswear and related products under the Tommy Bahama brand; women's and girl's dresses and sportswear, scarves, bags, jewelry, and belts, as well as footwear and children's apparel under the Lilly Pulitzer brand; and men's shirts, pants, shorts, outerwear, ties, swimwear, footwear, and accessories, as well as women's products under the Southern Tide brand.
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