Oxford Industries, Inc. (NYSE:OXM - Get Free Report) fell 5.1% on Monday . The stock traded as low as $78.65 and last traded at $79.62. 33,775 shares changed hands during trading, a decline of 88% from the average session volume of 270,732 shares. The stock had previously closed at $83.86.
Wall Street Analyst Weigh In
OXM has been the topic of a number of research analyst reports. UBS Group decreased their price target on Oxford Industries from $81.00 to $80.00 and set a "neutral" rating on the stock in a research note on Thursday, December 12th. Telsey Advisory Group restated a "market perform" rating and issued a $86.00 target price on shares of Oxford Industries in a report on Wednesday, December 4th.
Get Our Latest Research Report on Oxford Industries
Oxford Industries Stock Down 1.0 %
The stock has a fifty day moving average of $82.16 and a two-hundred day moving average of $83.40. 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 stock has a market cap of $1.16 billion, a price-to-earnings ratio of 83.22 and a beta of 1.56.
Oxford Industries (NYSE:OXM - Get Free Report) last released its quarterly earnings data 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 analyst estimates of $316.84 million. During the same period in the prior year, the firm earned $1.01 earnings per share. The business's revenue for the quarter was down 5.7% on a year-over-year basis. As a group, analysts predict that Oxford Industries, Inc. will post 6.62 EPS for the current fiscal year.
Oxford Industries Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 17th were given a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 3.62%. The ex-dividend date of this dividend was Friday, January 17th. Oxford Industries's payout ratio is currently 301.13%.
Insider Activity at Oxford Industries
In related news, SVP Tracey Hernandez sold 1,250 shares of the 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 completion of the sale, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 5.70% of the company's stock.
Institutional Investors Weigh In On Oxford Industries
Several institutional investors and hedge funds have recently modified their holdings of the stock. FMR LLC raised its holdings in shares of Oxford Industries by 36.8% during the 3rd quarter. FMR LLC now owns 906,324 shares of the textile maker's stock valued at $78,633,000 after buying an additional 244,022 shares during the period. Victory Capital Management Inc. raised its stake in shares of Oxford Industries by 31.6% during the third quarter. Victory Capital Management Inc. now owns 652,726 shares of the textile maker's stock valued at $56,631,000 after purchasing an additional 156,634 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Oxford Industries by 8.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 618,654 shares of the textile maker's stock worth $48,738,000 after purchasing an additional 50,420 shares in the last quarter. State Street Corp boosted its stake in shares of Oxford Industries by 1.3% in the third quarter. State Street Corp now owns 559,581 shares of the textile maker's stock valued at $48,549,000 after purchasing an additional 7,336 shares during the period. Finally, Wellington Management Group LLP grew its holdings in Oxford Industries by 22.7% during the 3rd quarter. Wellington Management Group LLP now owns 553,382 shares of the textile maker's stock valued at $48,011,000 after purchasing an additional 102,525 shares in the last quarter. Hedge funds and other institutional investors own 91.16% of the company's stock.
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.
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