Oxford Industries (NYSE:OXM) Trading Down 7.4% Following Analyst Downgrade

Shares of Oxford Industries, Inc. (NYSE:OXM - Get Free Report) fell 7.4% during mid-day trading on Monday after Citigroup lowered their price target on the stock from $52.00 to $47.00. Citigroup currently has a sell rating on the stock. Oxford Industries traded as low as $50.95 and last traded at $52.97. 81,923 shares were traded during mid-day trading, a decline of 76% from the average session volume of 342,550 shares. The stock had previously closed at $57.17.

A number of other equities analysts also recently commented on OXM. UBS Group cut their price objective on shares of Oxford Industries from $66.00 to $57.00 and set a "neutral" rating for the company in a research report on Friday, March 28th. Telsey Advisory Group reduced their price objective on shares of Oxford Industries from $86.00 to $68.00 and set a "market perform" rating for the company in a research report on Monday, March 24th. Finally, KeyCorp reiterated a "sector weight" rating on shares of Oxford Industries in a research report on Friday, March 28th.

Insider Activity

In other news, Director Milford W. Mcguirt bought 1,000 shares of the stock in a transaction on Wednesday, April 2nd. The shares were bought at an average price of $58.70 per share, with a total value of $58,700.00. Following the completion of the acquisition, the director now owns 7,180 shares of the company's stock, valued at approximately $421,466. This trade represents a 16.18 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Tracey Hernandez sold 1,250 shares of Oxford Industries 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 transaction, the senior vice president now directly owns 1,681 shares of the company's stock, valued at $146,112.52. This trade represents a 42.65 % decrease in their position. The disclosure for this sale can be found here. Insiders own 5.70% of the company's stock.

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Institutional Investors Weigh In On Oxford Industries

A number of large investors have recently added to or reduced their stakes in OXM. GAMMA Investing LLC lifted its holdings in shares of Oxford Industries by 36,701.5% in the first quarter. GAMMA Investing LLC now owns 24,289 shares of the textile maker's stock valued at $1,425,000 after purchasing an additional 24,223 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Oxford Industries by 4.9% during the 4th quarter. Wellington Management Group LLP now owns 580,580 shares of the textile maker's stock worth $45,738,000 after purchasing an additional 27,198 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Oxford Industries by 20.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 24,329 shares of the textile maker's stock valued at $1,917,000 after buying an additional 4,141 shares in the last quarter. Vident Advisory LLC grew its holdings in Oxford Industries by 9.0% during the 4th quarter. Vident Advisory LLC now owns 8,249 shares of the textile maker's stock valued at $650,000 after buying an additional 683 shares during the last quarter. Finally, ProShare Advisors LLC increased its position in Oxford Industries by 44.5% during the fourth quarter. ProShare Advisors LLC now owns 4,467 shares of the textile maker's stock worth $352,000 after buying an additional 1,376 shares in the last quarter. 91.16% of the stock is owned by institutional investors and hedge funds.

Oxford Industries Stock Down 0.1 %

The company has a debt-to-equity ratio of 0.09, a current ratio of 1.42 and a quick ratio of 0.71. The firm has a 50-day simple moving average of $62.65 and a two-hundred day simple moving average of $74.09. The company has a market cap of $755.72 million, a PE ratio of 57.12 and a beta of 1.40.

Oxford Industries (NYSE:OXM - Get Free Report) last posted its quarterly earnings data on Thursday, March 27th. The textile maker reported $1.37 EPS for the quarter, topping analysts' consensus estimates of $1.28 by $0.09. The firm had revenue of $390.51 million during the quarter, compared to analysts' expectations of $383.94 million. Oxford Industries had a return on equity of 19.09% and a net margin of 0.98%. The firm's quarterly revenue was down 3.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.90 EPS. Research analysts anticipate that Oxford Industries, Inc. will post 6.62 earnings per share for the current fiscal year.

Oxford Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Thursday, April 17th will be given a dividend of $0.69 per share. The ex-dividend date is Thursday, April 17th. This represents a $2.76 dividend on an annualized basis and a yield of 5.43%. This is a positive change from Oxford Industries's previous quarterly dividend of $0.67. Oxford Industries's dividend payout ratio (DPR) is 47.02%.

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.