Oxford Industries (NYSE:OXM) Trading Down 4.1% – Here’s What Happened

Oxford Industries, Inc. (NYSE:OXM) dropped 4.1% on Monday . The stock traded as low as $48.56 and last traded at $48.76. Approximately 92,929 shares were traded during trading, a decline of 74% from the average daily volume of 351,520 shares. The stock had previously closed at $50.84.

Wall Street Analyst Weigh In

Several brokerages have issued reports on OXM. Citigroup dropped their price objective on shares of Oxford Industries from $52.00 to $47.00 and set a “sell” rating on the stock in a research note on Monday, April 7th. Telsey Advisory Group lowered their target price on shares of Oxford Industries from $86.00 to $68.00 and set a “market perform” rating on the stock in a report on Monday, March 24th. KeyCorp reissued a “sector weight” rating on shares of Oxford Industries in a report on Friday, March 28th. Finally, UBS Group lowered their price objective on Oxford Industries from $66.00 to $57.00 and set a “neutral” rating on the stock in a report on Friday, March 28th.

Oxford Industries Stock Performance

The stock’s 50 day moving average price is $62.65 and its two-hundred day moving average price is $74.01. The company has a current ratio of 1.42, a quick ratio of 0.71 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $732.25 million, a price-to-earnings ratio of 55.35 and a beta of 1.40.

Oxford Industries (NYSE:OXM) last posted its earnings results on Thursday, March 27th. The textile maker reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.09. Oxford Industries had a return on equity of 19.09% and a net margin of 0.98%. The company had revenue of $390.51 million for the quarter, compared to the consensus estimate of $383.94 million. During the same period in the previous year, the business earned $1.90 earnings per share. Oxford Industries’s quarterly revenue was down 3.4% compared to the same quarter last year. On average, analysts forecast that Oxford Industries, Inc. will post 6.62 EPS for the current year.

Oxford Industries Increases Dividend

The business 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 represents a $2.76 dividend on an annualized basis and a dividend yield of 5.60%. This is a positive change from Oxford Industries’s previous quarterly dividend of $0.67. Oxford Industries’s dividend payout ratio (DPR) is presently 47.02%.

Insider Buying and Selling at Oxford Industries

In related news, Director Milford W. Mcguirt acquired 1,000 shares of the stock in a transaction dated Wednesday, April 2nd. The stock was bought at an average cost of $58.70 per share, with a total value of $58,700.00. Following the purchase, the director now directly owns 7,180 shares of the company’s stock, valued at approximately $421,466. This represents a 16.18 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Tracey Hernandez sold 1,250 shares of Oxford Industries stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $86.92, for a total value of $108,650.00. Following the completion of the transaction, the senior vice president now directly owns 1,681 shares in the company, valued at $146,112.52. This represents a 42.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. State Street Corp raised its stake in shares of Oxford Industries by 1.3% in the 3rd quarter. State Street Corp now owns 559,581 shares of the textile maker’s stock valued at $48,549,000 after acquiring an additional 7,336 shares during the period. Jane Street Group LLC raised its position in Oxford Industries by 73.7% in the third quarter. Jane Street Group LLC now owns 36,812 shares of the textile maker’s stock valued at $3,194,000 after purchasing an additional 15,617 shares during the period. Barclays PLC lifted its stake in shares of Oxford Industries by 74.0% during the third quarter. Barclays PLC now owns 48,484 shares of the textile maker’s stock worth $4,208,000 after purchasing an additional 20,620 shares in the last quarter. M&T Bank Corp purchased a new stake in shares of Oxford Industries in the third quarter worth about $206,000. Finally, Geode Capital Management LLC grew its stake in shares of Oxford Industries by 0.8% in the third quarter. Geode Capital Management LLC now owns 334,795 shares of the textile maker’s stock valued at $29,052,000 after buying an additional 2,584 shares in the last quarter. 91.16% of the stock is owned by institutional investors and hedge funds.

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.