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

Oxford Industries, Inc. (NYSE:OXM - Get Free Report) 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 changing hands. The stock had previously closed at $62.54.

Other analysts also recently issued research reports about the company. Telsey Advisory Group decreased their target price on 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 reissued a "sector weight" rating on shares of Oxford Industries in a research note on Friday.

Insider Activity

In related news, SVP Tracey Hernandez sold 1,250 shares of Oxford Industries stock in a transaction that occurred 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 owns 1,681 shares in the company, valued at $146,112.52. The trade was 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. Company insiders own 5.70% of the company's stock.

Hedge Funds Weigh In On Oxford Industries

A number of hedge funds have recently modified their holdings of the business. Intech Investment Management LLC purchased a new stake in Oxford Industries in the 3rd quarter valued at approximately $502,000. Charles Schwab Investment Management Inc. increased its stake in Oxford Industries by 4.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 568,234 shares of the textile maker's stock worth $49,300,000 after acquiring an additional 25,619 shares during the last quarter. Cerity Partners LLC lifted its holdings 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 acquiring an additional 2,167 shares in the last quarter. FMR LLC raised its stake in shares of Oxford Industries by 36.8% during the third quarter. FMR LLC now owns 906,324 shares of the textile maker's stock valued at $78,633,000 after purchasing an additional 244,022 shares during the period. Finally, Walleye Capital LLC acquired a new stake in Oxford Industries during the 3rd quarter valued at approximately $575,000. 91.16% of the stock is currently owned by hedge funds and other institutional investors.

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Oxford Industries Trading Up 0.7 %

The firm has a market cap of $932.25 million, a price-to-earnings ratio of 66.48 and a beta of 1.61. The business's 50 day moving average price is $69.73 and its 200-day moving average price is $76.63. 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 - Get Free Report) last issued its quarterly earnings data on Thursday, March 27th. The textile maker reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.09. Oxford Industries had a net margin of 0.98% and a return on equity of 19.09%. The firm had revenue of $390.51 million for the quarter, compared to the consensus estimate of $383.94 million. During the same period last year, the firm posted $1.90 EPS. Oxford Industries's quarterly revenue was down 3.4% compared to the same quarter last year. Equities analysts expect that Oxford Industries, Inc. will post 6.62 EPS for the current year.

Oxford Industries Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Thursday, April 17th will be paid a $0.69 dividend. 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 dividend yield of 4.65%. The ex-dividend date of this dividend is Thursday, April 17th. Oxford Industries's dividend payout ratio is currently 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.