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

Oxford Industries, Inc. (NYSE:OXM) 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 trading hands.

Several other research analysts also recently issued reports on OXM. KeyCorp reaffirmed a “sector weight” rating on shares of Oxford Industries in a research note on Friday. Telsey Advisory Group lowered their price target on shares of Oxford Industries from $86.00 to $68.00 and set a “market perform” rating on the stock in a research report on Monday, March 24th.

Insider Activity at Oxford Industries

In other Oxford Industries news, SVP Tracey Hernandez sold 1,250 shares of Oxford Industries stock in a transaction that occurred 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 approximately $146,112.52. The trade was a 42.65 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 5.70% of the company’s stock.

Institutional Investors Weigh In On Oxford Industries

Several hedge funds have recently made changes to their positions in OXM. Advisors Asset Management Inc. increased its stake in shares of Oxford Industries by 223.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,568 shares of the textile maker’s stock valued at $136,000 after acquiring an additional 1,083 shares during the last quarter. Intech Investment Management LLC purchased a new position in shares of Oxford Industries in the 3rd quarter worth $502,000. Charles Schwab Investment Management Inc. raised its position in shares of Oxford Industries by 4.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 568,234 shares of the textile maker’s stock worth $49,300,000 after buying an additional 25,619 shares during the period. Cerity Partners LLC boosted its holdings in Oxford Industries by 25.6% in the third quarter. Cerity Partners LLC now owns 10,644 shares of the textile maker’s stock valued at $923,000 after acquiring an additional 2,167 shares during the last quarter. Finally, FMR LLC grew its position in Oxford Industries by 36.8% during the third quarter. FMR LLC now owns 906,324 shares of the textile maker’s stock valued at $78,633,000 after acquiring an additional 244,022 shares during the period. Institutional investors and hedge funds own 91.16% of the company’s stock.

Oxford Industries Price Performance

The company has a 50 day simple moving average of $69.73 and a 200 day simple moving average of $76.68. The company has a market capitalization of $925.26 million, a price-to-earnings ratio of 66.21 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.

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

Oxford Industries Increases Dividend

The company also recently disclosed 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. This represents a $2.76 dividend on an annualized basis and a dividend yield of 4.68%. The ex-dividend date of this dividend is Thursday, April 17th. This is an increase from Oxford Industries’s previous quarterly dividend of $0.67. Oxford Industries’s payout ratio is currently 301.12%.

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.