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

Shares of Oxford Industries, Inc. (NYSE:OXM - Get Free Report) reached a new 52-week low during trading on Tuesday . The stock traded as low as $38.65 and last traded at $38.72, with a volume of 173473 shares trading hands. The stock had previously closed at $40.00.

Analyst Ratings Changes

OXM has been the topic of a number of analyst reports. Citigroup reduced their price objective on shares of Oxford Industries from $47.00 to $44.00 and set a "sell" rating on the stock in a research note on Thursday, June 12th. Telsey Advisory Group reiterated a "market perform" rating and issued a $52.00 price target on shares of Oxford Industries in a research note on Thursday, June 12th. Truist Financial dropped their price objective on Oxford Industries from $56.00 to $47.00 and set a "hold" rating for the company in a research report on Thursday, June 12th. KeyCorp reiterated a "sector weight" rating on shares of Oxford Industries in a research report on Friday, March 28th. Finally, UBS Group increased their target price on shares of Oxford Industries from $54.00 to $56.00 and gave the stock a "neutral" rating in a report on Thursday, June 5th. One analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $55.80.

Oxford Industries Stock Down 4.9%

The stock's 50-day moving average price is $50.55 and its 200-day moving average price is $64.20. The company has a current ratio of 1.32, a quick ratio of 0.64 and a debt-to-equity ratio of 0.20. The stock has a market cap of $568.33 million, a price-to-earnings ratio of 7.39 and a beta of 1.45.

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 the consensus estimate of $1.82. Oxford Industries had a net margin of 5.35% and a return on equity of 14.97%. The business had revenue of $392.86 million for the quarter, compared to analyst estimates of $383.54 million. During the same quarter in the previous year, the business earned $2.66 earnings per share. Oxford Industries's revenue for the quarter was down 1.3% on a year-over-year basis. On average, sell-side analysts expect that Oxford Industries, Inc. will post 6.62 earnings per share for the current year.

Oxford Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Friday, July 18th will be given a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 7.26%. The ex-dividend date is Friday, July 18th. Oxford Industries's payout ratio is 53.59%.

Insider Buying and Selling at Oxford Industries

In other news, CEO Robert S. Trauber acquired 10,000 shares of Oxford Industries stock in a transaction on Wednesday, June 18th. The stock was acquired at an average cost of $41.38 per share, with a total value of $413,800.00. Following the transaction, the chief executive officer now owns 13,364 shares of the company's stock, valued at approximately $553,002.32. This trade represents a 297.27% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Milford W. Mcguirt acquired 1,000 shares of the firm's stock in a transaction on Wednesday, April 2nd. The stock was purchased at an average price of $58.70 per share, with a total value of $58,700.00. Following the purchase, the director now owns 7,180 shares in the company, valued at approximately $421,466. The trade was a 16.18% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 17,500 shares of company stock worth $733,280. 6.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Oxford Industries

Institutional investors have recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC raised its stake in shares of Oxford Industries by 981.6% in the fourth quarter. Quadrant Capital Group LLC now owns 411 shares of the textile maker's stock valued at $32,000 after buying an additional 373 shares during the period. Venturi Wealth Management LLC purchased a new stake in Oxford Industries in the 4th quarter worth about $63,000. Vestcor Inc bought a new stake in Oxford Industries in the 4th quarter valued at about $100,000. State of Wyoming lifted its holdings in Oxford Industries by 159.4% during the first quarter. State of Wyoming now owns 2,511 shares of the textile maker's stock valued at $147,000 after purchasing an additional 1,543 shares during the last quarter. Finally, Truvestments Capital LLC boosted its position in Oxford Industries by 15.6% during the fourth quarter. Truvestments Capital LLC now owns 2,411 shares of the textile maker's stock worth $190,000 after purchasing an additional 326 shares during the period. Institutional investors own 91.16% of the company's stock.

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.

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