Oxford Industries (NYSE:OXM) Shares Gap Down on Analyst Downgrade

Shares of Oxford Industries, Inc. (NYSE:OXM - Get Free Report) gapped down prior to trading on Friday after UBS Group lowered their price target on the stock from $66.00 to $57.00. The stock had previously closed at $62.54, but opened at $54.84. UBS Group currently has a neutral rating on the stock. Oxford Industries shares last traded at $59.86, with a volume of 301,982 shares traded.

A number of other analysts also recently weighed in on OXM. Telsey Advisory Group decreased their price target on Oxford Industries from $86.00 to $68.00 and set a "market perform" rating on the stock in a research note on Monday, March 24th. KeyCorp restated a "sector weight" rating on shares of Oxford Industries in a research report on Friday.

Insider Buying and Selling

In related news, SVP Tracey Hernandez sold 1,250 shares of the stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $86.92, for a total transaction 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 5.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Quadrant Capital Group LLC grew its holdings in Oxford Industries by 981.6% in the fourth 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 during the period. Venturi Wealth Management LLC acquired a new position in shares of Oxford Industries in the 4th quarter valued at $63,000. Blue Trust Inc. increased its holdings in shares of Oxford Industries by 27.6% during the 4th quarter. Blue Trust Inc. now owns 739 shares of the textile maker's stock worth $64,000 after buying an additional 160 shares during the last quarter. Vestcor Inc purchased a new position in shares of Oxford Industries in the 4th quarter worth $100,000. Finally, Truvestments Capital LLC increased its stake in Oxford Industries by 15.6% during the fourth quarter. Truvestments Capital LLC now owns 2,411 shares of the textile maker's stock worth $190,000 after acquiring an additional 326 shares during the last quarter. 91.16% of the stock is currently owned by hedge funds and other institutional investors.

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Oxford Industries Price Performance

The stock has a market cap of $927.69 million, a PE ratio of 66.39 and a beta of 1.61. 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's fifty day moving average is $69.20 and its 200 day moving average is $76.45.

Oxford Industries (NYSE:OXM - Get Free Report) last posted its 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. Oxford Industries had a net margin of 0.98% and a return on equity of 19.09%. The business had revenue of $390.51 million for the quarter, compared to analyst estimates of $383.94 million. During the same quarter in the previous year, the business posted $1.90 EPS. The business's quarterly revenue was down 3.4% on a year-over-year basis. As a group, sell-side 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. Stockholders of record on Thursday, April 17th will be paid a $0.69 dividend. The ex-dividend date is Thursday, April 17th. This is an increase from Oxford Industries's previous quarterly dividend of $0.67. This represents a $2.76 annualized dividend and a dividend yield of 4.67%. Oxford Industries's dividend payout ratio is 47.02%.

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.