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

Oxford Industries, Inc. (NYSE:OXM - Get Free Report)'s share price hit 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 traded. The stock had previously closed at $40.00.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Telsey Advisory Group reissued a "market perform" rating and set a $52.00 price target on shares of Oxford Industries in a research report on Thursday, June 12th. Truist Financial lowered their target price on Oxford Industries from $56.00 to $47.00 and set a "hold" rating on the stock in a research note on Thursday, June 12th. Citigroup reduced their price target on shares of Oxford Industries from $47.00 to $44.00 and set a "sell" rating for the company in a research report on Thursday, June 12th. KeyCorp restated a "sector weight" rating on shares of Oxford Industries in a report on Friday, March 28th. Finally, UBS Group upped their price objective on shares of Oxford Industries from $54.00 to $56.00 and gave the company a "neutral" rating in a research note on Thursday, June 5th. One 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.com, the company presently has a consensus rating of "Hold" and an average price target of $55.80.

Oxford Industries Trading Up 5.9%

The business has a 50-day moving average of $50.13 and a 200-day moving average of $63.53. The company has a quick ratio of 0.64, a current ratio of 1.32 and a debt-to-equity ratio of 0.20. The stock has a market cap of $593.16 million, a price-to-earnings ratio of 7.71 and a beta of 1.45.

Oxford Industries (NYSE:OXM - Get Free Report) last announced its quarterly 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. The business had revenue of $392.86 million during the quarter, compared to analyst estimates of $383.54 million. Oxford Industries had a return on equity of 14.97% and a net margin of 5.35%. The firm's revenue was down 1.3% on a year-over-year basis. During the same period in the previous year, the company earned $2.66 EPS. As a group, research analysts forecast that Oxford Industries, Inc. will post 6.62 earnings per share for the current year.

Oxford Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Friday, July 18th will be paid a $0.69 dividend. This represents a $2.76 annualized dividend and a dividend yield of 6.95%. The ex-dividend date of this dividend is Friday, July 18th. Oxford Industries's payout ratio is presently 53.59%.

Insider Buying and Selling

In related news, Director Milford W. Mcguirt bought 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 completion of the transaction, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Robert S. Trauber purchased 10,000 shares of the company's stock in a transaction dated Wednesday, June 18th. The stock was purchased at an average cost of $41.38 per share, for a total transaction 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 ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 17,500 shares of company stock worth $733,280. Corporate insiders own 6.00% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Rhumbline Advisers grew its position in shares of Oxford Industries by 6.8% in the fourth quarter. Rhumbline Advisers now owns 48,590 shares of the textile maker's stock valued at $3,828,000 after purchasing an additional 3,114 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Oxford Industries by 3.1% during the 4th quarter. Principal Financial Group Inc. now owns 71,850 shares of the textile maker's stock valued at $5,660,000 after purchasing an additional 2,137 shares during the period. Sanctuary Advisors LLC boosted its stake in Oxford Industries by 3.7% during the 4th quarter. Sanctuary Advisors LLC now owns 3,799 shares of the textile maker's stock valued at $328,000 after purchasing an additional 137 shares during the period. Bank of New York Mellon Corp grew its holdings in Oxford Industries by 16.1% in the 4th quarter. Bank of New York Mellon Corp now owns 232,045 shares of the textile maker's stock valued at $18,281,000 after buying an additional 32,224 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Oxford Industries by 8.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 618,654 shares of the textile maker's stock worth $48,738,000 after buying an additional 50,420 shares during the period. Institutional investors own 91.16% of the company's stock.

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.