Oxford Industries (NYSE:OXM) Hits New 1-Year Low – Should You Sell?

Oxford Industries, Inc. (NYSE:OXM) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $44.14 and last traded at $44.59, with a volume of 151129 shares changing hands. The stock had previously closed at $45.65.

Analyst Ratings Changes

Several research firms have recently weighed in on OXM. KeyCorp reissued a “sector weight” rating on shares of Oxford Industries in a research note on Friday, March 28th. Citigroup reduced their price target on shares of Oxford Industries from $52.00 to $47.00 and set a “sell” rating for the company in a research report on Monday, April 7th. UBS Group cut their target price on shares of Oxford Industries from $66.00 to $57.00 and set a “neutral” rating on the stock in a research note on Friday, March 28th. Finally, Telsey Advisory Group decreased their target price on 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.

Oxford Industries Stock Performance

The company has a current ratio of 1.42, a quick ratio of 0.71 and a debt-to-equity ratio of 0.09. The firm’s fifty day moving average price is $60.39 and its 200 day moving average price is $73.06. The firm has a market capitalization of $665.94 million, a PE ratio of 50.34 and a beta of 1.40.

Oxford Industries (NYSE:OXM) last announced its quarterly earnings results on Thursday, March 27th. The textile maker reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.09. The business had revenue of $390.51 million during the quarter, compared to analyst estimates of $383.94 million. Oxford Industries had a return on equity of 19.09% and a net margin of 0.98%. The firm’s revenue was down 3.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.90 EPS. On average, research analysts anticipate that Oxford Industries, Inc. will post 6.62 earnings per share for the current year.

Oxford Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Thursday, April 17th will be issued a $0.69 dividend. This is a positive change from Oxford Industries’s previous quarterly dividend of $0.67. This represents a $2.76 annualized dividend and a yield of 6.16%. The ex-dividend date of this dividend is Thursday, April 17th. Oxford Industries’s payout ratio is 47.02%.

Insider Buying and Selling at Oxford Industries

In other 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 purchased at an average price of $58.70 per share, for a total transaction of $58,700.00. Following the acquisition, the director now directly owns 7,180 shares of the company’s stock, valued at $421,466. The trade was a 16.18 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 5.70% of the company’s stock.

Hedge Funds Weigh In On Oxford Industries

Institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its holdings in shares of Oxford Industries by 13.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 849,973 shares of the textile maker’s stock worth $66,958,000 after buying an additional 103,253 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Oxford Industries by 8.9% during the 4th 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 during the period. Wellington Management Group LLP lifted its stake in shares of Oxford Industries by 4.9% in the fourth quarter. Wellington Management Group LLP now owns 580,580 shares of the textile maker’s stock valued at $45,738,000 after buying an additional 27,198 shares during the period. 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 worth $48,549,000 after buying an additional 7,336 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in Oxford Industries by 11.9% during the fourth quarter. American Century Companies Inc. now owns 479,534 shares of the textile maker’s stock valued at $37,778,000 after acquiring an additional 51,155 shares during the period. 91.16% of the stock is currently owned by institutional investors.

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.