Oxford Industries (NYSE:OXM) Hits New 1-Year Low - Here's What Happened

Oxford Industries, Inc. (NYSE:OXM - Get Free Report) reached a new 52-week low during trading on Wednesday . The company traded as low as $46.83 and last traded at $48.63, with a volume of 440668 shares trading hands. The stock had previously closed at $49.08.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on OXM shares. Citigroup lowered their price objective on Oxford Industries from $52.00 to $47.00 and set a "sell" rating for the company in a research report on Monday, April 7th. KeyCorp restated a "sector weight" rating on shares of Oxford Industries in a report on Friday, March 28th. UBS Group reduced their price objective on shares of Oxford Industries from $66.00 to $57.00 and set a "neutral" rating on the stock in a research note on Friday, March 28th. Finally, Telsey Advisory Group lowered their target price on shares of Oxford Industries from $64.00 to $52.00 and set a "market perform" rating for the company in a research note on Wednesday, April 23rd.

Oxford Industries Price Performance

The stock has a market capitalization of $744.14 million, a P/E ratio of 56.25 and a beta of 1.40. 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 business has a fifty day simple moving average of $55.14 and a 200-day simple moving average of $70.83.

Oxford Industries (NYSE:OXM - Get Free Report) last issued its earnings results on Thursday, March 27th. The textile maker reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.09. Oxford Industries had a net margin of 0.98% and a return on equity of 19.09%. The business had revenue of $390.51 million for the quarter, compared to analyst estimates of $383.94 million. During the same period in the prior year, the firm earned $1.90 earnings per share. Oxford Industries's revenue was down 3.4% on a year-over-year basis. Sell-side analysts expect that Oxford Industries, Inc. will post 6.62 earnings per share for the current fiscal year.

Oxford Industries Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 2nd. Shareholders of record on Thursday, April 17th were issued a $0.69 dividend. The ex-dividend date of this dividend was Thursday, April 17th. This represents a $2.76 annualized dividend and a yield of 5.51%. This is a positive change from Oxford Industries's previous quarterly dividend of $0.67. Oxford Industries's dividend payout ratio is presently 47.02%.

Insider Buying and Selling at Oxford Industries

In other Oxford Industries news, Director Milford W. Mcguirt purchased 1,000 shares of Oxford Industries stock in a transaction that occurred on Wednesday, April 2nd. The stock was acquired at an average price of $58.70 per share, with a total value of $58,700.00. Following the transaction, the director now owns 7,180 shares in the company, valued at $421,466. This trade represents a 16.18 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 5.70% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in OXM. Envestnet Asset Management Inc. raised its holdings in shares of Oxford Industries by 12.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 96,319 shares of the textile maker's stock worth $5,651,000 after acquiring an additional 10,547 shares during the last quarter. Principal Financial Group Inc. increased its holdings in Oxford Industries by 2.5% during the 1st quarter. Principal Financial Group Inc. now owns 73,639 shares of the textile maker's stock worth $4,320,000 after purchasing an additional 1,789 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Oxford Industries by 12.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,024 shares of the textile maker's stock worth $709,000 after purchasing an additional 1,358 shares during the last quarter. Illinois Municipal Retirement Fund lifted its holdings in shares of Oxford Industries by 3.4% in the first quarter. Illinois Municipal Retirement Fund now owns 8,036 shares of the textile maker's stock valued at $471,000 after purchasing an additional 267 shares in the last quarter. Finally, SG Americas Securities LLC lifted its holdings in shares of Oxford Industries by 307.0% in the first quarter. SG Americas Securities LLC now owns 14,468 shares of the textile maker's stock valued at $849,000 after purchasing an additional 10,913 shares in the last quarter. 91.16% of the stock is owned by institutional investors.

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.