Oxford Industries (NYSE:OXM) Reaches New 1-Year Low – What’s Next?

Oxford Industries, Inc. (NYSE:OXM)’s share price hit a new 52-week low during trading on Tuesday . The company traded as low as $70.00 and last traded at $69.40, with a volume of 8123 shares traded. The stock had previously closed at $70.98.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on OXM. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $86.00 target price on shares of Oxford Industries in a report on Wednesday, December 4th. UBS Group dropped their target price 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.

Oxford Industries Stock Down 2.0 %

The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.71 and a current ratio of 1.42. The firm’s 50-day moving average is $80.03 and its 200 day moving average is $80.96. The firm has a market capitalization of $1.09 billion, a PE ratio of 77.84 and a beta of 1.56.

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

Oxford Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 17th were given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date was Friday, January 17th. Oxford Industries’s dividend payout ratio is presently 301.12%.

Insiders Place Their Bets

In other news, SVP Tracey Hernandez sold 1,250 shares of the firm’s stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $86.92, for a total transaction of $108,650.00. Following the sale, the senior vice president now owns 1,681 shares in the company, valued at $146,112.52. This trade represents a 42.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 5.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Oxford Industries

Several large investors have recently added to or reduced their stakes in the business. Quadrant Capital Group LLC lifted its holdings in shares of 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 acquiring an additional 373 shares during the period. Venturi Wealth Management LLC acquired a new position in Oxford Industries during the fourth quarter worth approximately $63,000. Blue Trust Inc. raised its stake in Oxford Industries by 27.6% during the fourth quarter. Blue Trust Inc. now owns 739 shares of the textile maker’s stock worth $64,000 after purchasing an additional 160 shares during the period. Vestcor Inc acquired a new position in shares of Oxford Industries in the 4th quarter valued at $100,000. Finally, Advisors Asset Management Inc. boosted its holdings in shares of Oxford Industries by 223.3% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,568 shares of the textile maker’s stock valued at $136,000 after purchasing an additional 1,083 shares during the last quarter. 91.16% of the stock is currently owned by hedge funds and other 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.