Oxford Industries (NYSE:OXM) Sets New 1-Year Low - Here's What Happened

Oxford Industries, Inc. (NYSE:OXM - Get Free Report) hit a new 52-week low during trading on Friday . The company traded as low as $71.38 and last traded at $72.08, with a volume of 35941 shares trading hands. The stock had previously closed at $74.04.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. UBS Group dropped their price objective on 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 set a $86.00 price objective on shares of Oxford Industries in a research note on Wednesday, December 4th.

Oxford Industries Price Performance

The business has a 50 day moving average of $81.78 and a 200 day moving average of $82.81. The company has a market cap of $1.15 billion, a PE ratio of 82.29 and a beta of 1.56. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.42 and a quick ratio of 0.71.

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

Oxford Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 17th were given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 3.66%. The ex-dividend date was Friday, January 17th. Oxford Industries's dividend payout ratio is currently 301.13%.

Insider Buying and Selling at Oxford Industries

In other Oxford Industries news, SVP Tracey Hernandez sold 1,250 shares of the firm's stock in a transaction 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 approximately $146,112.52. This trade represents a 42.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 5.70% of the company's stock.

Hedge Funds Weigh In On Oxford Industries

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC lifted its position in Oxford Industries by 3.7% during the fourth quarter. Sanctuary Advisors LLC now owns 3,799 shares of the textile maker's stock valued at $328,000 after buying an additional 137 shares during the period. Blue Trust Inc. increased its holdings 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 valued at $64,000 after acquiring an additional 160 shares in the last quarter. Creative Planning increased its holdings in shares of Oxford Industries by 6.0% during the third quarter. Creative Planning now owns 3,885 shares of the textile maker's stock valued at $337,000 after acquiring an additional 219 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Oxford Industries by 5.8% during the third quarter. SG Americas Securities LLC now owns 4,361 shares of the textile maker's stock valued at $378,000 after acquiring an additional 240 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Oxford Industries by 3.7% during the second quarter. The Manufacturers Life Insurance Company now owns 7,702 shares of the textile maker's stock valued at $771,000 after acquiring an additional 276 shares in the last quarter. Hedge funds and other institutional investors own 91.16% of the company's stock.

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.