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

Shares of Oxford Industries, Inc. (NYSE:OXM - Get Free Report) 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 trading hands. The stock had previously closed at $43.07.

Several other brokerages have also weighed in on OXM. Telsey Advisory Group reiterated a "market perform" rating and issued a $52.00 price objective on shares of Oxford Industries in a research report on Thursday. UBS Group boosted their price target on shares of Oxford Industries from $54.00 to $56.00 and gave the stock a "neutral" rating in a research note on Thursday, June 5th. KeyCorp reaffirmed a "sector weight" rating on shares of Oxford Industries in a report on Friday, March 28th. Finally, Citigroup lowered their price objective on Oxford Industries from $47.00 to $44.00 and set a "sell" rating for the company in a research report on Thursday. One equities research analyst has rated the stock with a sell rating and four have given 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 Transactions at Oxford Industries

In other Oxford Industries news, CEO Thomas Caldecot Chubb III purchased 6,500 shares of Oxford Industries stock in a transaction dated Monday, June 16th. The stock was acquired at an average cost of $40.12 per share, with a total value of $260,780.00. Following the acquisition, the chief executive officer now directly owns 59,063 shares of the company's stock, valued at $2,369,607.56. This represents a 12.37% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Milford W. Mcguirt acquired 1,000 shares of the company'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. This trade represents a 16.18% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 6.00% of the company's stock.

Institutional Trading of Oxford Industries

A number of hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its holdings in shares of Oxford Industries by 13.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 849,973 shares of the textile maker's stock worth $66,958,000 after purchasing an additional 103,253 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Oxford Industries by 9.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 674,889 shares of the textile maker's stock worth $39,596,000 after buying an additional 56,235 shares during the period. Wellington Management Group LLP boosted its stake in Oxford Industries by 4.9% in the 4th quarter. Wellington Management Group LLP now owns 580,580 shares of the textile maker's stock worth $45,738,000 after buying an additional 27,198 shares during the last quarter. American Century Companies Inc. boosted its stake in Oxford Industries by 10.2% in the 1st quarter. American Century Companies Inc. now owns 528,543 shares of the textile maker's stock worth $31,010,000 after buying an additional 49,009 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Oxford Industries by 13.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 459,328 shares of the textile maker's stock valued at $36,186,000 after buying an additional 54,045 shares during the period. Institutional investors and hedge funds own 91.16% of the company's stock.

Oxford Industries Stock Performance

The company has a market cap of $622.07 million, a price-to-earnings ratio of 47.02 and a beta of 1.45. The company has a current ratio of 1.42, a quick ratio of 0.71 and a debt-to-equity ratio of 0.09. The stock's 50 day moving average price is $51.72 and its 200 day moving average price is $65.89.

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

Oxford Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Friday, July 18th will be paid a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a dividend yield of 6.60%. The ex-dividend date of this dividend is Friday, July 18th. Oxford Industries's dividend payout ratio is presently 53.59%.

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.