Oxford Industries (NYSE:OXM) Sets New 12-Month Low - Here's What Happened

Oxford Industries, Inc. (NYSE:OXM - Get Free Report) shares hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $52.92 and last traded at $55.01, with a volume of 28642 shares. The stock had previously closed at $54.83.

Analysts Set New Price Targets

A number of research firms have recently commented on OXM. Citigroup lowered their target price on Oxford Industries from $52.00 to $47.00 and set a "sell" rating for the company in a research report on Monday. KeyCorp reissued a "sector weight" rating on shares of Oxford Industries in a research note on Friday, March 28th. Telsey Advisory Group reduced their target price on shares of Oxford Industries from $86.00 to $68.00 and set a "market perform" rating on the stock in a report on Monday, March 24th. Finally, UBS Group lowered their price target on shares of Oxford Industries from $66.00 to $57.00 and set a "neutral" rating for the company in a report on Friday, March 28th.

Oxford Industries Price Performance

The company has a quick ratio of 0.71, a current ratio of 1.42 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $766.83 million, a PE ratio of 58.58 and a beta of 1.40. The firm's 50 day simple moving average is $64.90 and its 200 day simple moving average is $74.95.

Oxford Industries (NYSE:OXM - Get Free Report) last released 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 during 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 was down 3.4% on a year-over-year basis. During the same quarter last year, the business earned $1.90 EPS. As a group, research analysts anticipate that Oxford Industries, Inc. will post 6.62 EPS for the current fiscal year.

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Oxford Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Thursday, April 17th will be issued a $0.69 dividend. This represents a $2.76 annualized dividend and a dividend yield of 5.35%. This is an increase from Oxford Industries's previous quarterly dividend of $0.67. The ex-dividend date is Thursday, April 17th. Oxford Industries's dividend payout ratio is presently 47.02%.

Insider Activity at Oxford Industries

In other news, Director Milford W. Mcguirt bought 1,000 shares of the firm's stock in a transaction on 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 directly owns 7,180 shares in the company, valued at approximately $421,466. This trade represents a 16.18 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Tracey Hernandez sold 1,250 shares of the company's stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $86.92, for a total value of $108,650.00. Following the completion of the sale, 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 disclosure for this sale can be found here. 5.70% of the stock is owned by company insiders.

Institutional Trading of Oxford Industries

Institutional investors and hedge funds have recently made changes to their positions in the company. Quadrant Capital Group LLC raised its holdings in shares of Oxford Industries by 981.6% in the 4th quarter. Quadrant Capital Group LLC now owns 411 shares of the textile maker's stock valued at $32,000 after purchasing an additional 373 shares in the last quarter. Venturi Wealth Management LLC purchased a new stake in Oxford Industries during the fourth quarter worth $63,000. Blue Trust Inc. boosted its position in Oxford Industries by 27.6% during the 4th quarter. Blue Trust Inc. now owns 739 shares of the textile maker's stock valued at $64,000 after acquiring 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 increased its holdings in shares of 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 acquiring an additional 326 shares during the period. 91.16% of the stock is currently owned by institutional investors.

About Oxford Industries

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.