Oxford Industries (NYSE:OXM) Sets New 52-Week Low - Time to Sell?

Oxford Industries, Inc. (NYSE:OXM - Get Free Report)'s stock price hit a new 52-week low during trading on Wednesday . The company traded as low as $44.14 and last traded at $44.59, with a volume of 151129 shares traded. The stock had previously closed at $45.65.

Analyst Ratings Changes

OXM has been the subject of a number of research reports. Telsey Advisory Group lowered their target price on Oxford Industries from $86.00 to $68.00 and set a "market perform" rating for the company in a report on Monday, March 24th. Citigroup dropped their target price on Oxford Industries from $52.00 to $47.00 and set a "sell" rating on the stock in a research report on Monday, April 7th. UBS Group cut their target price on 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, KeyCorp reiterated a "sector weight" rating on shares of Oxford Industries in a report on Friday, March 28th.

Oxford Industries Stock Up 1.3 %

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's 50 day moving average is $59.25 and its two-hundred day moving average is $72.47. The firm has a market capitalization of $674.57 million, a P/E ratio of 50.99 and a beta of 1.40.

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, beating analysts' consensus estimates of $1.28 by $0.09. The company had revenue of $390.51 million for the quarter, compared to analysts' expectations of $383.94 million. Oxford Industries had a net margin of 0.98% and a return on equity of 19.09%. Oxford Industries's quarterly revenue was down 3.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.90 EPS. Research analysts predict that Oxford Industries, Inc. will post 6.62 EPS for the current year.

Oxford Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Thursday, April 17th will be issued a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 6.08%. The ex-dividend date of this dividend is Thursday, April 17th. This is a boost from Oxford Industries's previous quarterly dividend of $0.67. Oxford Industries's payout ratio is currently 47.02%.

Insider Activity

In other 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 cost of $58.70 per share, for a total transaction of $58,700.00. Following the purchase, 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 5.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Oxford Industries

Institutional investors and hedge funds have recently modified their holdings of the business. Barclays PLC grew its position in shares of Oxford Industries by 74.0% during the 3rd quarter. Barclays PLC now owns 48,484 shares of the textile maker's stock worth $4,208,000 after purchasing an additional 20,620 shares in the last quarter. Global Alpha Capital Management Ltd. bought a new stake in shares of Oxford Industries in the fourth quarter valued at approximately $16,489,000. Charles Schwab Investment Management Inc. grew its position in Oxford Industries by 8.9% during the fourth 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 in the last quarter. Bank of New York Mellon Corp increased its stake in Oxford Industries by 16.1% during the 4th quarter. Bank of New York Mellon Corp now owns 232,045 shares of the textile maker's stock worth $18,281,000 after acquiring an additional 32,224 shares during the period. Finally, Entropy Technologies LP acquired a new position in Oxford Industries in the 4th quarter valued at $376,000. 91.16% of the stock is currently owned by institutional investors and hedge funds.

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.