Oxford Industries (NYSE:OXM) Reaches New 12-Month Low Following Analyst Downgrade

Oxford Industries, Inc. (NYSE:OXM) hit a new 52-week low during mid-day trading on Saturday after UBS Group lowered their price target on the stock from $66.00 to $57.00. UBS Group currently has a neutral rating on the stock. Oxford Industries traded as low as $53.23 and last traded at $58.93, with a volume of 1330880 shares trading hands. The stock had previously closed at $62.54.

OXM has been the subject of a number of other research reports. KeyCorp reissued a “sector weight” rating on shares of Oxford Industries in a research report on Friday. Telsey Advisory Group decreased their target price on Oxford Industries from $86.00 to $68.00 and set a “market perform” rating for the company in a report on Monday, March 24th.

Insiders Place Their Bets

In other Oxford Industries news, SVP Tracey Hernandez sold 1,250 shares of the business’s stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $86.92, for a total value of $108,650.00. Following the transaction, the senior vice president now owns 1,681 shares in the company, valued at $146,112.52. The trade was a 42.65 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 5.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Quadrant Capital Group LLC increased its holdings in Oxford Industries by 981.6% during the 4th quarter. Quadrant Capital Group LLC now owns 411 shares of the textile maker’s stock worth $32,000 after purchasing an additional 373 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Oxford Industries by 27.6% in the fourth quarter. Blue Trust Inc. now owns 739 shares of the textile maker’s stock worth $64,000 after buying an additional 160 shares during the last quarter. Venturi Wealth Management LLC acquired a new stake in Oxford Industries in the fourth quarter valued at $63,000. Vestcor Inc bought a new position in Oxford Industries during the 4th quarter valued at $100,000. Finally, Advisors Asset Management Inc. grew its holdings in Oxford Industries by 223.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,568 shares of the textile maker’s stock worth $136,000 after acquiring an additional 1,083 shares in the last quarter. Hedge funds and other institutional investors own 91.16% of the company’s stock.

Oxford Industries Price Performance

The company has a market cap of $925.26 million, a P/E ratio of 66.21 and a beta of 1.61. The company’s 50-day moving average price is $69.73 and its two-hundred day moving average price is $76.68. The company has a current ratio of 1.42, a quick ratio of 0.71 and a debt-to-equity ratio of 0.09.

Oxford Industries (NYSE:OXM) last announced its quarterly earnings data on Thursday, March 27th. The textile maker reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.09. Oxford Industries had a return on equity of 19.09% and a net margin of 0.98%. The firm had revenue of $390.51 million during the quarter, compared to analyst estimates of $383.94 million. During the same period in the previous year, the company earned $1.90 earnings per share. Oxford Industries’s quarterly revenue was down 3.4% on a year-over-year basis. As a group, sell-side analysts expect that Oxford Industries, Inc. will post 6.62 earnings per share for the current year.

Oxford Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Thursday, April 17th will be paid a dividend of $0.69 per share. The ex-dividend date of this dividend is Thursday, April 17th. This is a boost from Oxford Industries’s previous quarterly dividend of $0.67. This represents a $2.76 annualized dividend and a yield of 4.68%. Oxford Industries’s dividend payout ratio (DPR) is 301.12%.

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.