Oxford Industries (NYSE:OXM) Stock Price Down 6% – Here’s Why

Oxford Industries, Inc. (NYSE:OXM)’s share price fell 6% on Monday . The stock traded as low as $42.93 and last traded at $42.7650. 26,783 shares traded hands during mid-day trading, a decline of 92% from the average session volume of 327,137 shares. The stock had previously closed at $45.48.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on OXM. Telsey Advisory Group increased their price objective on Oxford Industries from $36.00 to $51.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 22nd. Wall Street Zen downgraded Oxford Industries from a “hold” rating to a “sell” rating in a research report on Sunday, April 5th. UBS Group cut their price objective on Oxford Industries from $36.00 to $35.00 and set a “neutral” rating for the company in a research report on Thursday, March 19th. Citigroup raised their price objective on Oxford Industries from $33.00 to $34.00 and gave the stock a “neutral” rating in a research report on Monday, March 30th. Finally, Zacks Research downgraded Oxford Industries from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 14th. Five equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $38.00.

Oxford Industries Stock Performance

The company has a market capitalization of $651.38 million, a price-to-earnings ratio of -22.55 and a beta of 1.03. The company has a current ratio of 1.10, a quick ratio of 0.48 and a debt-to-equity ratio of 0.23. The stock’s fifty day simple moving average is $39.86 and its 200-day simple moving average is $38.34.

Oxford Industries (NYSE:OXM) last released its earnings results on Thursday, March 26th. The textile maker reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.14). The business had revenue of $374.49 million for the quarter, compared to analyst estimates of $372.30 million. Oxford Industries had a positive return on equity of 5.68% and a negative net margin of 1.89%.Oxford Industries’s quarterly revenue was down 4.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.37 earnings per share. Analysts predict that Oxford Industries, Inc. will post 2.51 EPS for the current year.

Oxford Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 1st. Investors of record on Friday, April 17th were paid a dividend of $0.70 per share. The ex-dividend date was Friday, April 17th. This is a positive change from Oxford Industries’s previous quarterly dividend of $0.69. This represents a $2.80 dividend on an annualized basis and a dividend yield of 6.4%. Oxford Industries’s payout ratio is currently -144.33%.

Institutional Trading of Oxford Industries

Large investors have recently made changes to their positions in the company. Hantz Financial Services Inc. increased its stake in shares of Oxford Industries by 245.9% during the third quarter. Hantz Financial Services Inc. now owns 671 shares of the textile maker’s stock worth $27,000 after buying an additional 477 shares during the period. CWM LLC increased its stake in shares of Oxford Industries by 61.5% during the third quarter. CWM LLC now owns 801 shares of the textile maker’s stock worth $32,000 after buying an additional 305 shares during the period. GAMMA Investing LLC increased its stake in shares of Oxford Industries by 46.6% during the fourth quarter. GAMMA Investing LLC now owns 925 shares of the textile maker’s stock worth $32,000 after buying an additional 294 shares during the period. Quarry LP purchased a new stake in shares of Oxford Industries during the third quarter worth approximately $38,000. Finally, Signaturefd LLC increased its stake in shares of Oxford Industries by 28.1% during the fourth quarter. Signaturefd LLC now owns 1,368 shares of the textile maker’s stock worth $47,000 after buying an additional 300 shares during the period. 91.16% of the stock is currently owned by hedge funds and other institutional investors.

Oxford Industries Company Profile

Oxford Industries, Inc, incorporated in 1942 and headquartered in Atlanta, Georgia, is a leading designer, marketer and distributor of high-quality men’s and women’s lifestyle apparel and accessories. The company’s product portfolio features a mix of owned brands and licensed partnerships that span casual, resort and performance categories. Key owned brands include Tommy Bahama, renowned for its island-inspired menswear and women’s sportswear, and Southern Tide, which offers coastal-focused clothing and footwear.