Oxford Industries (NYSE:OXM) Hits New 12-Month Low Following Analyst Downgrade

Oxford Industries, Inc. (NYSE:OXM) hit a new 52-week low during 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.

Other research analysts also recently issued reports about the company. KeyCorp reissued a “sector weight” rating on shares of Oxford Industries in a report on Friday. Telsey Advisory Group cut their price objective on shares of Oxford Industries from $86.00 to $68.00 and set a “market perform” rating for the company in a report on Monday, March 24th.

Insider Activity at Oxford Industries

In other Oxford Industries news, SVP Tracey Hernandez sold 1,250 shares of the stock in a transaction that occurred 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 completion of the transaction, the senior vice president now owns 1,681 shares of the company’s stock, valued at $146,112.52. This represents a 42.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Oxford Industries

Institutional investors and hedge funds have recently bought and sold shares of the business. Barclays PLC raised its holdings in shares of Oxford Industries by 74.0% during the 3rd quarter. Barclays PLC now owns 48,484 shares of the textile maker’s stock worth $4,208,000 after acquiring an additional 20,620 shares during the period. Jane Street Group LLC increased its holdings in shares of Oxford Industries by 73.7% during the 3rd quarter. Jane Street Group LLC now owns 36,812 shares of the textile maker’s stock worth $3,194,000 after buying an additional 15,617 shares during the last quarter. Cerity Partners LLC raised its position in shares of Oxford Industries by 25.6% during the 3rd quarter. Cerity Partners LLC now owns 10,644 shares of the textile maker’s stock valued at $923,000 after buying an additional 2,167 shares during the period. Weiss Asset Management LP acquired a new position in Oxford Industries in the third quarter valued at approximately $2,742,000. Finally, Global Alpha Capital Management Ltd. purchased a new position in Oxford Industries in the fourth quarter worth approximately $16,489,000. 91.16% of the stock is currently owned by institutional investors and hedge funds.

Oxford Industries Stock Performance

The company has a debt-to-equity ratio of 0.09, a current ratio of 1.42 and a quick ratio of 0.71. The company has a market cap of $925.26 million, a price-to-earnings ratio of 66.21 and a beta of 1.61. The firm has a 50 day simple moving average of $69.73 and a 200-day simple moving average of $76.72.

Oxford Industries (NYSE:OXM) last issued its quarterly earnings data on Thursday, March 27th. The textile maker reported $1.37 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 net margin of 0.98% and a return on equity of 19.09%. The business’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.90 EPS. As a group, analysts predict that Oxford Industries, Inc. will post 6.62 EPS for the current fiscal year.

Oxford Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Thursday, April 17th will be issued a $0.69 dividend. The ex-dividend date of this dividend is Thursday, April 17th. This is a positive change from Oxford Industries’s previous quarterly dividend of $0.67. This represents a $2.76 dividend on an annualized basis and a yield of 4.68%. Oxford Industries’s dividend payout ratio (DPR) is 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.