Oxford Industries (NYSE:OXM) Sets New 52-Week Low Following Analyst Downgrade

Oxford Industries, Inc. (NYSE:OXM)’s share price 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.

Several other brokerages have also issued reports on OXM. Telsey Advisory Group lowered their price target on shares of Oxford Industries from $86.00 to $68.00 and set a “market perform” rating on the stock in a research note on Monday, March 24th. KeyCorp reaffirmed a “sector weight” rating on shares of Oxford Industries in a research report on Friday.

Insider Activity at Oxford Industries

In other Oxford Industries news, SVP Tracey Hernandez sold 1,250 shares of the 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 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 sale was disclosed in a legal filing with the SEC, which is available through this link. 5.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Quadrant Capital Group LLC grew its holdings in Oxford Industries by 981.6% during the fourth 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 period. Venturi Wealth Management LLC acquired a new stake in shares of Oxford Industries in the fourth quarter valued at approximately $63,000. Blue Trust Inc. boosted its stake in shares of Oxford Industries by 27.6% during the 4th quarter. Blue Trust Inc. now owns 739 shares of the textile maker’s stock worth $64,000 after acquiring an additional 160 shares during the period. Vestcor Inc acquired a new position in shares of Oxford Industries during the 4th quarter worth approximately $100,000. Finally, Truvestments Capital LLC raised its stake in Oxford Industries by 15.6% in the 4th quarter. Truvestments Capital LLC now owns 2,411 shares of the textile maker’s stock valued at $190,000 after acquiring an additional 326 shares during the period. 91.16% of the stock is currently owned by institutional investors and hedge funds.

Oxford Industries Stock Down 5.8 %

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 has a fifty day simple moving average of $69.73 and a 200-day simple moving average of $76.63. The firm has a market cap of $925.26 million, a price-to-earnings ratio of 66.21 and a beta of 1.61.

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

Oxford Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Thursday, April 17th will be given a $0.69 dividend. This is an increase from Oxford Industries’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $2.76 annualized dividend and a dividend yield of 4.68%. Oxford Industries’s dividend payout ratio is presently 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.