Oxford Industries (NYSE:OXM) Sets New 12-Month Low – Here’s Why

Oxford Industries, Inc. (NYSE:OXM)’s share price reached a new 52-week low during trading on Tuesday . The company traded as low as $70.00 and last traded at $69.40, with a volume of 8123 shares traded. The stock had previously closed at $70.98.

Wall Street Analysts Forecast Growth

OXM has been the subject of a number of research analyst reports. Telsey Advisory Group reissued a “market perform” rating and set a $86.00 target price on shares of Oxford Industries in a research report on Wednesday, December 4th. UBS Group lowered their price objective on Oxford Industries from $81.00 to $80.00 and set a “neutral” rating for the company in a research note on Thursday, December 12th.

Oxford Industries Stock Down 2.0 %

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 stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 77.84 and a beta of 1.56. The firm’s fifty day moving average is $80.03 and its 200-day moving average is $80.96.

Oxford Industries (NYSE:OXM) last issued its earnings results on Wednesday, December 11th. The textile maker reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.20). The company had revenue of $308.00 million during the quarter, compared to analyst estimates of $316.84 million. Oxford Industries had a net margin of 0.98% and a return on equity of 19.09%. The business’s revenue for the quarter was down 5.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.01 EPS. On average, sell-side analysts predict that Oxford Industries, Inc. will post 6.62 earnings per share for the current year.

Oxford Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 17th were given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 3.85%. The ex-dividend date of this dividend was Friday, January 17th. Oxford Industries’s dividend payout ratio is currently 301.12%.

Insiders Place Their Bets

In other news, SVP Tracey Hernandez sold 1,250 shares of the company’s stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $86.92, for a total transaction of $108,650.00. Following the completion of the transaction, the senior vice president now directly owns 1,681 shares of the company’s stock, valued at approximately $146,112.52. This represents a 42.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OXM. Quadrant Capital Group LLC grew its position in shares of Oxford Industries by 981.6% during the fourth quarter. Quadrant Capital Group LLC now owns 411 shares of the textile maker’s stock worth $32,000 after acquiring an additional 373 shares during the last quarter. Venturi Wealth Management LLC bought a new position in Oxford Industries in the 4th quarter worth about $63,000. Blue Trust Inc. increased its stake in shares of Oxford Industries by 27.6% in the fourth quarter. Blue Trust Inc. now owns 739 shares of the textile maker’s stock valued at $64,000 after purchasing an additional 160 shares during the period. Vestcor Inc bought a new stake in shares of Oxford Industries during the fourth quarter valued at approximately $100,000. Finally, Advisors Asset Management Inc. boosted its position in shares of Oxford Industries by 223.3% during the third quarter. Advisors Asset Management Inc. now owns 1,568 shares of the textile maker’s stock worth $136,000 after buying an additional 1,083 shares during the period. Institutional investors and hedge funds own 91.16% of the company’s stock.

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.