Oxford Industries (NYSE:OXM) Shares Gap Down on Analyst Downgrade

Oxford Industries, Inc. (NYSE:OXM)’s share price gapped down prior to trading on Friday after UBS Group lowered their price target on the stock from $66.00 to $57.00. The stock had previously closed at $62.54, but opened at $54.84. UBS Group currently has a neutral rating on the stock. Oxford Industries shares last traded at $59.86, with a volume of 301,982 shares changing hands.

A number of other equities analysts have also recently weighed in on the stock. Telsey Advisory Group reduced 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 research report on Monday, March 24th. KeyCorp reissued a “sector weight” rating on shares of Oxford Industries in a research note on Friday.

Insider Activity at Oxford Industries

In related news, SVP Tracey Hernandez sold 1,250 shares of the business’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $86.92, for a total transaction of $108,650.00. Following the transaction, the senior vice president now directly owns 1,681 shares in the company, valued at approximately $146,112.52. The trade was a 42.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 5.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in OXM. Sanctuary Advisors LLC boosted its stake in Oxford Industries by 3.7% during the fourth quarter. Sanctuary Advisors LLC now owns 3,799 shares of the textile maker’s stock worth $328,000 after buying an additional 137 shares during the period. Blue Trust Inc. lifted its position in shares of 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Oxford Industries by 3.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,430 shares of the textile maker’s stock worth $664,000 after buying an additional 280 shares in the last quarter. Truvestments Capital LLC boosted its position 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 buying an additional 326 shares during the period. Finally, Inspire Investing LLC grew its stake in shares of Oxford Industries by 7.2% in the fourth quarter. Inspire Investing LLC now owns 5,089 shares of the textile maker’s stock worth $401,000 after acquiring an additional 343 shares in the last quarter. 91.16% of the stock is currently owned by institutional investors and hedge funds.

Oxford Industries Stock Down 5.8 %

The business has a 50-day simple moving average of $69.73 and a 200-day simple moving average of $76.72. 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 company has a debt-to-equity ratio of 0.09, a quick ratio of 0.71 and a current ratio of 1.42.

Oxford Industries (NYSE:OXM) last announced its quarterly earnings results on Thursday, March 27th. The textile maker reported $1.37 EPS for the quarter, beating the consensus estimate of $1.28 by $0.09. The company 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 firm’s revenue was down 3.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.90 earnings per share. On average, equities analysts anticipate that Oxford Industries, Inc. will post 6.62 earnings per share for the current fiscal 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 dividend of $0.69 per share. The ex-dividend date is Thursday, April 17th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 4.68%. This is a boost from Oxford Industries’s previous quarterly dividend of $0.67. Oxford Industries’s payout ratio 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.