Oxford Industries (NYSE:OXM) Hits New 12-Month Low - Time to Sell?

Key Points

• Oxford Industries' stock reached a new 52-week low of $36.35, down from a previous close of $38.18.
• Analysts have varied ratings for the company, with price objectives ranging from $44.00 (Citigroup, sell rating) to $56.00 (UBS Group, neutral rating), contributing to an average rating of "Hold."
• The company announced a quarterly dividend of $0.69 per share, equating to a 7.5% yield, set to be paid on August 1st.

Oxford Industries, Inc. (NYSE:OXM - Get Free Report) reached a new 52-week low during trading on Friday . The company traded as low as $36.77 and last traded at $36.35, with a volume of 18780 shares trading hands. The stock had previously closed at $38.18.

Analysts Set New Price Targets

OXM has been the topic of a number of recent analyst reports. UBS Group boosted their price objective on Oxford Industries from $54.00 to $56.00 and gave the company a "neutral" rating in a research note on Thursday, June 5th. Telsey Advisory Group reissued a "market perform" rating and issued a $52.00 price objective 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 on the stock in a research note on Thursday, June 12th. Finally, Citigroup dropped their price target on Oxford Industries from $47.00 to $44.00 and set a "sell" rating on the stock in a research note on Thursday, June 12th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $55.80.

Oxford Industries Trading Up 2.1%

The firm has a fifty day simple moving average of $44.96 and a two-hundred day simple moving average of $55.80. The firm has a market capitalization of $586.35 million, a P/E ratio of 7.62 and a beta of 1.38. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.32 and a quick ratio of 0.64.

Oxford Industries (NYSE:OXM - Get Free Report) last posted its quarterly earnings results on Wednesday, June 11th. The textile maker reported $1.82 EPS for the quarter, hitting analysts' consensus estimates of $1.82. Oxford Industries had a return on equity of 14.97% and a net margin of 5.35%. The firm had revenue of $392.86 million during the quarter, compared to analyst estimates of $383.54 million. During the same period last year, the company earned $2.66 earnings per share. The business's revenue for the quarter was down 1.3% on a year-over-year basis. On average, equities research analysts anticipate that Oxford Industries, Inc. will post 6.62 earnings per share for the current fiscal year.

Oxford Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 1st. Stockholders of record on Friday, July 18th were issued a $0.69 dividend. The ex-dividend date was Friday, July 18th. This represents a $2.76 annualized dividend and a dividend yield of 7.0%. Oxford Industries's payout ratio is currently 53.59%.

Insider Activity

In other Oxford Industries news, CEO Thomas Caldecot Chubb III bought 6,500 shares of the business's stock in a transaction that occurred on Monday, June 16th. The shares were bought at an average cost of $40.12 per share, with a total value of $260,780.00. Following the completion of the purchase, the chief executive officer directly owned 59,063 shares of the company's stock, valued at $2,369,607.56. This trade represents a 12.37% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Robert S. Trauber acquired 10,000 shares of the business's stock in a transaction on Wednesday, June 18th. The shares were purchased at an average cost of $41.38 per share, for a total transaction of $413,800.00. Following the completion of the transaction, the chief executive officer owned 13,364 shares in the company, valued at approximately $553,002.32. This represents a 297.27% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders bought 16,818 shares of company stock worth $686,724. Company insiders own 6.00% of the company's stock.

Hedge Funds Weigh In On Oxford Industries

Several hedge funds and other institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP increased its stake in shares of Oxford Industries by 13.8% in the 4th 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 in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Oxford Industries by 9.1% in the 1st 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 in the last quarter. Wellington Management Group LLP increased 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 in the last quarter. American Century Companies Inc. increased 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 in the last quarter. Finally, Invesco Ltd. increased its stake in Oxford Industries by 21.9% in the 4th quarter. Invesco Ltd. now owns 409,653 shares of the textile maker's stock worth $32,272,000 after buying an additional 73,720 shares in the last quarter. 91.16% of the stock is owned by institutional investors.

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.