Oxford Industries (NYSE:OXM) Hits New 1-Year Low on Analyst Downgrade

Oxford Industries, Inc. (NYSE:OXM)’s share price hit a new 52-week low 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. The stock had previously closed at $62.54.

OXM has been the subject of a number of other reports. KeyCorp reiterated a “sector weight” rating on shares of Oxford Industries in a research report on Friday. Telsey Advisory Group dropped their price objective 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.

Insider Transactions at Oxford Industries

In other news, SVP Tracey Hernandez sold 1,250 shares of Oxford Industries stock in a transaction on Tuesday, January 14th. The stock was 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 approximately $146,112.52. This trade represents a 42.65 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 5.70% of the stock is currently owned by insiders.

Institutional Trading of Oxford Industries

Several large investors have recently bought and sold shares of the business. Sanctuary Advisors LLC raised its stake in Oxford Industries by 3.7% during the fourth quarter. Sanctuary Advisors LLC now owns 3,799 shares of the textile maker’s stock worth $328,000 after acquiring an additional 137 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Oxford Industries by 27.6% in the 4th quarter. Blue Trust Inc. now owns 739 shares of the textile maker’s stock valued at $64,000 after purchasing an additional 160 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Oxford Industries by 3.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,430 shares of the textile maker’s stock valued at $664,000 after purchasing an additional 280 shares during the last quarter. Truvestments Capital LLC increased its position in Oxford Industries by 15.6% during the 4th quarter. Truvestments Capital LLC now owns 2,411 shares of the textile maker’s stock worth $190,000 after purchasing an additional 326 shares in the last quarter. Finally, Inspire Investing LLC lifted its stake in Oxford Industries by 7.2% in the 4th quarter. Inspire Investing LLC now owns 5,089 shares of the textile maker’s stock valued at $401,000 after purchasing an additional 343 shares during the last quarter. 91.16% of the stock is owned by institutional investors and hedge funds.

Oxford Industries Price Performance

The business’s 50-day simple moving average is $69.73 and its two-hundred day simple moving average is $76.63. The stock has a market cap of $925.26 million, a price-to-earnings ratio of 66.21 and a beta of 1.61. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.42 and a quick ratio of 0.71.

Oxford Industries (NYSE:OXM) last announced its quarterly earnings results on Thursday, March 27th. The textile maker reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.09. The company had revenue of $390.51 million during the quarter, compared to analysts’ expectations of $383.94 million. Oxford Industries had a return on equity of 19.09% and a net margin of 0.98%. Oxford Industries’s revenue was down 3.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.90 EPS. Research 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 declared a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Thursday, April 17th will be issued a dividend of $0.69 per share. This is a boost from Oxford Industries’s previous quarterly dividend of $0.67. This represents a $2.76 annualized dividend and a dividend yield of 4.68%. The ex-dividend date of this dividend is Thursday, April 17th. Oxford Industries’s payout ratio 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.