Oxford Industries (NYSE:OXM) Sets New 52-Week Low – What’s Next?

Oxford Industries, Inc. (NYSE:OXM)’s share price reached a new 52-week low on Tuesday . The company traded as low as $70.54 and last traded at $71.04, with a volume of 59382 shares changing hands. The stock had previously closed at $73.60.

Wall Street Analyst Weigh In

Several brokerages have commented on OXM. UBS Group cut their price target on shares of Oxford Industries from $81.00 to $80.00 and set a “neutral” rating for the company in a report on Thursday, December 12th. Telsey Advisory Group reissued a “market perform” rating and issued a $86.00 price target on shares of Oxford Industries in a report on Wednesday, December 4th.

Oxford Industries Price Performance

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 company has a market capitalization of $1.13 billion, a P/E ratio of 80.94 and a beta of 1.56. The business’s fifty day moving average price is $80.88 and its 200-day moving average price is $81.59.

Oxford Industries (NYSE:OXM) last posted its quarterly earnings data on Wednesday, December 11th. The textile maker reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.20). Oxford Industries had a return on equity of 19.09% and a net margin of 0.98%. The company had revenue of $308.00 million for the quarter, compared to the consensus estimate of $316.84 million. During the same period in the prior year, the firm posted $1.01 earnings per share. The business’s revenue was down 5.7% on a year-over-year basis. As a group, sell-side analysts predict that Oxford Industries, Inc. will post 6.62 earnings per share for the current fiscal year.

Oxford Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 17th were paid a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 3.72%. The ex-dividend date of this dividend was Friday, January 17th. Oxford Industries’s dividend payout ratio is presently 301.12%.

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 completion of the sale, the senior vice president now directly owns 1,681 shares of the company’s stock, valued at $146,112.52. The trade was a 42.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 5.70% of the stock is currently owned by insiders.

Institutional Trading of Oxford Industries

Several hedge funds have recently added to or reduced their stakes in the business. Quadrant Capital Group LLC increased its position in shares of Oxford Industries by 981.6% in the fourth quarter. Quadrant Capital Group LLC now owns 411 shares of the textile maker’s stock valued at $32,000 after acquiring an additional 373 shares during the period. Venturi Wealth Management LLC purchased a new position in shares of Oxford Industries in the fourth quarter valued at about $63,000. Blue Trust Inc. increased its position 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 valued at $64,000 after acquiring an additional 160 shares during the period. Vestcor Inc purchased a new position in shares of Oxford Industries in the fourth quarter valued at about $100,000. Finally, Advisors Asset Management Inc. increased its position in shares of Oxford Industries by 223.3% in the third quarter. Advisors Asset Management Inc. now owns 1,568 shares of the textile maker’s stock valued at $136,000 after acquiring an additional 1,083 shares during the period. 91.16% of the stock is owned by institutional investors.

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.