Shares of Oxford Industries, Inc. (NYSE:OXM - Get Free Report) hit a new 52-week low during trading on Thursday . The company traded as low as $44.40 and last traded at $53.98, with a volume of 932021 shares. The stock had previously closed at $46.05.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on OXM. KeyCorp reiterated a "sector weight" rating on shares of Oxford Industries in a report on Friday, March 28th. UBS Group lowered their price objective 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. Citigroup reduced their target price on Oxford Industries from $52.00 to $47.00 and set a "sell" rating on the stock in a report on Monday, April 7th. Finally, Telsey Advisory Group decreased their price objective on Oxford Industries from $86.00 to $68.00 and set a "market perform" rating for the company in a report on Monday, March 24th.
Read Our Latest Research Report on OXM
Oxford Industries Price Performance
The firm has a 50 day moving average of $62.14 and a two-hundred day moving average of $73.75. The company has a market cap of $711.14 million, a PE ratio of 53.75 and a beta of 1.40. The company has a current ratio of 1.42, a quick ratio of 0.71 and a debt-to-equity ratio of 0.09.
Oxford Industries (NYSE:OXM - Get Free Report) last issued its quarterly earnings results 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. The firm had revenue of $390.51 million during the quarter, compared to the consensus estimate of $383.94 million. Oxford Industries had a return on equity of 19.09% and a net margin of 0.98%. The company's revenue was down 3.4% on a year-over-year basis. During the same period last year, the company earned $1.90 earnings per share. Research analysts predict that Oxford Industries, Inc. will post 6.62 earnings per share for the current fiscal year.
Oxford Industries Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Thursday, April 17th will be given a $0.69 dividend. The ex-dividend date is Thursday, April 17th. This is a boost from Oxford Industries's previous quarterly dividend of $0.67. This represents a $2.76 annualized dividend and a yield of 5.77%. Oxford Industries's dividend payout ratio is 47.02%.
Insider Buying and Selling at Oxford Industries
In related news, Director Milford W. Mcguirt bought 1,000 shares of the company's stock in a transaction that occurred on Wednesday, April 2nd. The shares were bought at an average price of $58.70 per share, for a total transaction of $58,700.00. Following the completion of the acquisition, the director now owns 7,180 shares of the company's stock, valued at $421,466. This trade represents a 16.18 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 5.70% of the company's stock.
Hedge Funds Weigh In On Oxford Industries
Several hedge funds and other institutional investors have recently modified their holdings of the company. State Street Corp grew its position in Oxford Industries by 1.3% during the third quarter. State Street Corp now owns 559,581 shares of the textile maker's stock valued at $48,549,000 after buying an additional 7,336 shares during the period. Jane Street Group LLC increased its holdings in Oxford Industries by 73.7% in the 3rd quarter. Jane Street Group LLC now owns 36,812 shares of the textile maker's stock worth $3,194,000 after acquiring an additional 15,617 shares in the last quarter. Barclays PLC raised its stake in Oxford Industries by 74.0% during the 3rd quarter. Barclays PLC now owns 48,484 shares of the textile maker's stock worth $4,208,000 after acquiring an additional 20,620 shares during the period. M&T Bank Corp bought a new position in shares of Oxford Industries in the third quarter worth approximately $206,000. Finally, Geode Capital Management LLC raised its position in shares of Oxford Industries by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 334,795 shares of the textile maker's stock valued at $29,052,000 after purchasing an additional 2,584 shares during the period. 91.16% of the stock is owned by institutional investors.
About Oxford Industries
(
Get Free Report)
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.
Recommended Stories
Before you consider Oxford Industries, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Oxford Industries wasn't on the list.
While Oxford Industries currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
