Oxford Industries (NYSE:OXM) Reaches New 1-Year Low on Analyst Downgrade

Shares of Oxford Industries, Inc. (NYSE:OXM) hit a new 52-week low during trading on Saturday after UBS Group lowered their price target on the stock from $66.00 to $57.00. UBS Group currently has a neutral rating on the stock. Oxford Industries traded as low as $53.23 and last traded at $58.93, with a volume of 1330880 shares traded. The stock had previously closed at $62.54.

Several other equities research analysts have also weighed in on OXM. KeyCorp reissued a “sector weight” rating on shares of Oxford Industries in a research report on Friday. Telsey Advisory Group cut their target price on 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 news, SVP Tracey Hernandez sold 1,250 shares of the company’s stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $86.92, for a total transaction of $108,650.00. Following the transaction, the senior vice president now directly owns 1,681 shares of the company’s stock, valued at $146,112.52. This represents a 42.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 5.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Southernsun Asset Management LLC purchased a new position in shares of Oxford Industries in the fourth quarter valued at $20,308,000. Senvest Management LLC acquired a new stake in shares of Oxford Industries in the fourth quarter valued at approximately $19,352,000. FMR LLC grew its holdings in 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 last quarter. Global Alpha Capital Management Ltd. acquired a new position in shares of Oxford Industries in the fourth quarter worth $16,489,000. Finally, Dimensional Fund Advisors LP raised its stake in Oxford Industries by 13.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 849,973 shares of the textile maker’s stock valued at $66,958,000 after purchasing an additional 103,253 shares during the last quarter. 91.16% of the stock is owned by hedge funds and other institutional investors.

Oxford Industries Stock Performance

The company has a market capitalization of $925.26 million, a PE ratio of 66.21 and a beta of 1.61. 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’s fifty day simple moving average is $69.73 and its 200-day simple moving average is $76.72.

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

Oxford Industries Increases Dividend

The company 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. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $2.76 dividend on an annualized basis and a yield of 4.68%. This is a boost from Oxford Industries’s previous quarterly dividend of $0.67. Oxford Industries’s dividend payout ratio (DPR) is presently 301.12%.

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.