Oxford Industries (NYSE:OXM) Hits New 1-Year Low - Here's Why

Oxford Industries, Inc. (NYSE:OXM - Get Free Report) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $70.00 and last traded at $69.40, with a volume of 8123 shares trading hands. The stock had previously closed at $70.98.

Analyst Upgrades and Downgrades

OXM has been the subject of several research reports. UBS Group dropped their price objective on shares of Oxford Industries from $81.00 to $80.00 and set a "neutral" rating for the company in a research note on Thursday, December 12th. Telsey Advisory Group reissued a "market perform" rating and issued a $86.00 price target on shares of Oxford Industries in a research note on Wednesday, December 4th.

Oxford Industries Stock Performance

The firm's 50 day moving average price is $78.62 and its two-hundred day moving average price is $80.37. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.71 and a current ratio of 1.42. The firm has a market cap of $975.27 million, a PE ratio of 69.79 and a beta of 1.56.

Oxford Industries (NYSE:OXM - Get Free Report) last posted its quarterly earnings results on Wednesday, December 11th. The textile maker reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.20). Oxford Industries had a net margin of 0.98% and a return on equity of 19.09%. The firm had revenue of $308.00 million during the quarter, compared to analysts' expectations of $316.84 million. During the same period last year, the company earned $1.01 EPS. The business's quarterly revenue was down 5.7% on a year-over-year basis. On average, research analysts forecast that Oxford Industries, Inc. will post 6.62 earnings per share for the current year.

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Oxford Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 17th were issued a $0.67 dividend. The ex-dividend date was Friday, January 17th. This represents a $2.68 annualized dividend and a dividend yield of 4.31%. Oxford Industries's dividend payout ratio is currently 301.12%.

Insider Transactions at Oxford Industries

In other news, SVP Tracey Hernandez sold 1,250 shares of the company's 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 transaction, the senior vice president now directly owns 1,681 shares in the company, valued at approximately $146,112.52. This represents a 42.65 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 5.70% of the company's stock.

Hedge Funds Weigh In On Oxford Industries

Several large investors have recently made changes to their positions in OXM. Creative Planning lifted its holdings in shares of Oxford Industries by 6.0% in the 3rd quarter. Creative Planning now owns 3,885 shares of the textile maker's stock worth $337,000 after acquiring an additional 219 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Oxford Industries by 12.1% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,964 shares of the textile maker's stock worth $775,000 after acquiring an additional 970 shares during the last quarter. Ceredex Value Advisors LLC lifted its holdings in Oxford Industries by 19.2% during the 3rd quarter. Ceredex Value Advisors LLC now owns 119,450 shares of the textile maker's stock worth $10,363,000 after buying an additional 19,200 shares in the last quarter. Verity Asset Management Inc. acquired a new stake in Oxford Industries during the 3rd quarter worth approximately $233,000. Finally, Meritage Portfolio Management lifted its holdings in Oxford Industries by 9.0% during the 3rd quarter. Meritage Portfolio Management now owns 3,718 shares of the textile maker's stock worth $323,000 after buying an additional 308 shares in the last quarter. 91.16% of the stock is currently owned by institutional investors and hedge funds.

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.