Oxford Industries (NYSE:OXM) Sets New 52-Week Low – What’s Next?

Oxford Industries, Inc. (NYSE:OXM)’s stock price reached a new 52-week low during trading on Tuesday . The stock traded as low as $70.54 and last traded at $71.04, with a volume of 59382 shares. The stock had previously closed at $73.60.

Analyst Upgrades and Downgrades

OXM has been the topic of several research reports. Telsey Advisory Group reissued a “market perform” rating and set a $86.00 price objective on shares of Oxford Industries in a research note on Wednesday, December 4th. UBS Group dropped their price objective on shares of Oxford Industries from $81.00 to $80.00 and set a “neutral” rating on the stock in a research note on Thursday, December 12th.

Oxford Industries Trading Down 2.1 %

The firm’s 50 day moving average price is $80.88 and its 200-day moving average price is $81.59. The stock has a market cap of $1.13 billion, a P/E ratio of 80.94 and a beta of 1.56. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.42 and a quick ratio of 0.71.

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 the consensus estimate of $0.09 by ($0.20). The firm had revenue of $308.00 million during the quarter, compared to the consensus estimate of $316.84 million. Oxford Industries had a return on equity of 19.09% and a net margin of 0.98%. The company’s quarterly revenue was down 5.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.01 EPS. As a group, equities research analysts forecast that Oxford Industries, Inc. will post 6.62 earnings per share for the current year.

Oxford Industries Dividend Announcement

The business also recently disclosed 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. The ex-dividend date was Friday, January 17th. This represents a $2.68 dividend on an annualized basis and a yield of 3.72%. Oxford Industries’s dividend payout ratio (DPR) is 301.12%.

Insider Activity at Oxford Industries

In other Oxford Industries news, SVP Tracey Hernandez sold 1,250 shares of the company’s stock in a transaction that occurred 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 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. This represents a 42.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.70% of the stock is owned by insiders.

Institutional Trading of Oxford Industries

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OXM. Southernsun Asset Management LLC purchased a new stake in Oxford Industries during the fourth quarter valued at approximately $20,308,000. Senvest Management LLC purchased a new stake in Oxford Industries during the fourth quarter valued at approximately $19,352,000. FMR LLC increased its holdings 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 buying an additional 244,022 shares during the last quarter. Global Alpha Capital Management Ltd. purchased a new stake in Oxford Industries during the fourth quarter valued at approximately $16,489,000. Finally, Victory Capital Management Inc. increased its holdings in Oxford Industries by 31.6% during the third quarter. Victory Capital Management Inc. now owns 652,726 shares of the textile maker’s stock valued at $56,631,000 after buying an additional 156,634 shares during the last quarter. 91.16% of the stock is owned by hedge funds and other 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.