Oxford Industries (NYSE:OXM) Hits New 1-Year Low – Here’s What Happened

Oxford Industries, Inc. (NYSE:OXM) hit a new 52-week low on Monday . The company traded as low as $60.84 and last traded at $60.58, with a volume of 99841 shares trading hands. The stock had previously closed at $62.03.

Analyst Ratings Changes

OXM has been the topic of several research reports. UBS Group decreased their target price 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 reissued a “market perform” rating and set a $86.00 price target on shares of Oxford Industries in a research report on Wednesday, December 4th.

Oxford Industries Price Performance

The company has a 50 day moving average of $78.62 and a 200 day moving average of $80.24. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.71 and a current ratio of 1.42. The stock has a market capitalization of $944.78 million, a price-to-earnings ratio of 67.61 and a beta of 1.56.

Oxford Industries (NYSE:OXM) last announced its quarterly earnings data on Wednesday, December 11th. The textile maker reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.20). The firm had revenue of $308.00 million during the quarter, compared to analysts’ expectations of $316.84 million. Oxford Industries had a net margin of 0.98% and a return on equity of 19.09%. The company’s revenue for the quarter was down 5.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.01 earnings per share. As a group, equities research analysts anticipate that Oxford Industries, Inc. will post 6.62 EPS for the current year.

Oxford Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 17th were paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 4.45%. The ex-dividend date of this dividend was Friday, January 17th. Oxford Industries’s payout ratio is 301.12%.

Insider Activity at Oxford Industries

In related news, SVP Tracey Hernandez sold 1,250 shares of the business’s stock in a transaction on Tuesday, January 14th. The shares were 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 of the company’s stock, valued at $146,112.52. The trade was a 42.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Oxford Industries

A number of large investors have recently made changes to their positions in OXM. Sanctuary Advisors LLC increased 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 worth $328,000 after buying an additional 137 shares during the period. Blue Trust Inc. grew its position 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 worth $64,000 after acquiring an additional 160 shares during the last quarter. Creative Planning increased its holdings in shares of Oxford Industries by 6.0% in the 3rd quarter. Creative Planning now owns 3,885 shares of the textile maker’s stock valued at $337,000 after acquiring an additional 219 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Oxford Industries by 3.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,430 shares of the textile maker’s stock valued at $664,000 after purchasing an additional 280 shares during the last quarter. Finally, Meritage Portfolio Management raised its position in Oxford Industries by 9.0% in the 3rd quarter. Meritage Portfolio Management now owns 3,718 shares of the textile maker’s stock valued at $323,000 after purchasing an additional 308 shares during the last quarter. 91.16% of the stock is owned by institutional investors and hedge funds.

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.