Oxford Industries (NYSE:OXM) Stock Price Down 4.1% – Should You Sell?

Oxford Industries, Inc. (NYSE:OXM)’s share price was down 4.1% during mid-day trading on Monday . The stock traded as low as $48.56 and last traded at $48.76. Approximately 92,929 shares traded hands 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 Analysts Forecast Growth

Several research firms have weighed in on OXM. UBS Group decreased their target price on shares of Oxford Industries from $66.00 to $57.00 and set a “neutral” rating on the stock in a report on Friday, March 28th. KeyCorp reiterated a “sector weight” rating on shares of Oxford Industries in a report on Friday, March 28th. Telsey Advisory Group cut their target price on Oxford Industries from $86.00 to $68.00 and set a “market perform” rating for the company in a research note on Monday, March 24th. Finally, Citigroup decreased their price target on Oxford Industries from $52.00 to $47.00 and set a “sell” rating on the stock in a research note on Monday, April 7th.

Oxford Industries Stock Down 3.1 %

The business has a 50 day simple moving average of $62.65 and a 200 day simple moving average of $74.01. The company has a market capitalization of $732.25 million, a price-to-earnings ratio of 55.35 and a beta of 1.40. 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 posted its earnings results on Thursday, March 27th. The textile maker reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.09. The firm had revenue of $390.51 million for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.90 EPS. As a group, equities analysts predict that Oxford Industries, Inc. will post 6.62 earnings per share for the current fiscal year.

Oxford Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Thursday, April 17th will be paid a $0.69 dividend. This is an increase from Oxford Industries’s previous quarterly dividend of $0.67. The ex-dividend date is Thursday, April 17th. This represents a $2.76 annualized dividend and a dividend yield of 5.60%. Oxford Industries’s payout ratio is 47.02%.

Insider Transactions at Oxford Industries

In other news, Director Milford W. Mcguirt acquired 1,000 shares of the firm’s stock in a transaction dated Wednesday, April 2nd. The stock was acquired at an average cost of $58.70 per share, with a total value of $58,700.00. Following the transaction, the director now owns 7,180 shares in the company, valued at approximately $421,466. This trade represents a 16.18 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, 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 transaction, the senior vice president now directly owns 1,681 shares in the company, valued at $146,112.52. This trade represents a 42.65 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Quadrant Capital Group LLC lifted its stake 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 last quarter. Venturi Wealth Management LLC acquired a new position in shares of Oxford Industries in the 4th quarter valued at $63,000. Blue Trust Inc. boosted its holdings 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 buying an additional 160 shares in the last quarter. Vestcor Inc purchased a new position in shares of Oxford Industries in the 4th quarter valued at $100,000. Finally, Truvestments Capital LLC raised its stake 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 acquiring an additional 326 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.