Oxford Industries (NYSE:OXM) Hits New 52-Week Low Following Analyst Downgrade

Oxford Industries, Inc. (NYSE:OXM - Get Free Report)'s share price hit a new 52-week low on Friday after Truist Financial lowered their price target on the stock from $56.00 to $47.00. Truist Financial currently has a hold rating on the stock. Oxford Industries traded as low as $41.51 and last traded at $42.48, with a volume of 26482 shares changing hands. The stock had previously closed at $43.07.

Other analysts also recently issued research reports about the company. KeyCorp reissued a "sector weight" rating on shares of Oxford Industries in a research note on Friday, March 28th. Citigroup dropped their price objective on Oxford Industries from $47.00 to $44.00 and set a "sell" rating on the stock in a research note on Thursday. Telsey Advisory Group reissued a "market perform" rating and issued a $52.00 price objective on shares of Oxford Industries in a research note on Thursday. Finally, UBS Group boosted their price objective on Oxford Industries from $54.00 to $56.00 and gave the stock a "neutral" rating in a research note on Thursday, June 5th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company's stock. According to data from MarketBeat, Oxford Industries has an average rating of "Hold" and a consensus price target of $55.80.

Insider Buying and Selling

In related news, Director Milford W. Mcguirt bought 1,000 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The shares were acquired at an average cost 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 transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 6.00% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of OXM. Entropy Technologies LP purchased a new position in shares of Oxford Industries during the fourth quarter valued at $376,000. Rhumbline Advisers grew its holdings in shares of Oxford Industries by 6.8% during the fourth quarter. Rhumbline Advisers now owns 48,590 shares of the textile maker's stock valued at $3,828,000 after buying an additional 3,114 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Oxford Industries by 3.1% during the fourth quarter. Principal Financial Group Inc. now owns 71,850 shares of the textile maker's stock valued at $5,660,000 after buying an additional 2,137 shares in the last quarter. Sanctuary Advisors LLC grew its holdings in shares of Oxford Industries by 3.7% during the fourth quarter. Sanctuary Advisors LLC now owns 3,799 shares of the textile maker's stock valued at $328,000 after buying an additional 137 shares in the last quarter. Finally, Venturi Wealth Management LLC purchased a new position in shares of Oxford Industries during the fourth quarter valued at $63,000. Hedge funds and other institutional investors own 91.16% of the company's stock.

Oxford Industries Stock Down 8.4%

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 firm has a market cap of $586.38 million, a PE ratio of 44.32 and a beta of 1.45. The business has a fifty day moving average price of $51.85 and a two-hundred day moving average price of $66.40.

Oxford Industries (NYSE:OXM - Get Free Report) last issued its quarterly earnings results on Wednesday, June 11th. The textile maker reported $1.82 earnings per share for the quarter, meeting analysts' consensus estimates of $1.82. Oxford Industries had a return on equity of 19.09% and a net margin of 0.98%. The business had revenue of $392.86 million for the quarter, compared to the consensus estimate of $383.54 million. During the same quarter in the previous year, the company posted $2.66 earnings per share. Oxford Industries's revenue for the quarter was down 1.3% compared to the same quarter last year. On average, analysts anticipate that Oxford Industries, Inc. will post 6.62 EPS for the current fiscal year.

Oxford Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Friday, July 18th will be paid a $0.69 dividend. The ex-dividend date of this dividend is Friday, July 18th. This represents a $2.76 dividend on an annualized basis and a yield of 7.00%. Oxford Industries's dividend payout ratio (DPR) is currently 47.02%.

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.