Oxford Industries (NYSE:OXM) Trading Down 3.3% - What's Next?

Shares of Oxford Industries, Inc. (NYSE:OXM - Get Free Report) fell 3.3% on Wednesday . The stock traded as low as $52.96 and last traded at $52.94. 56,215 shares were traded during mid-day trading, a decline of 85% from the average session volume of 376,729 shares. The stock had previously closed at $54.74.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on OXM. UBS Group upped their price objective 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. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $52.00 price objective on shares of Oxford Industries in a report on Thursday. Citigroup cut their price target on shares of Oxford Industries from $47.00 to $44.00 and set a "sell" rating for the company in a report on Thursday. KeyCorp reissued a "sector weight" rating on shares of Oxford Industries in a report on Friday, March 28th. Finally, Truist Financial reduced their price objective on Oxford Industries from $56.00 to $47.00 and set a "hold" rating for the company in a research note on Thursday. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $55.80.

Oxford Industries Stock Down 13.8%

The company has a market cap of $641.13 million, a price-to-earnings ratio of 48.46 and a beta of 1.45. The company has a current ratio of 1.42, a quick ratio of 0.71 and a debt-to-equity ratio of 0.09. The business has a fifty day moving average price of $52.05 and a two-hundred day moving average price of $66.67.

Oxford Industries (NYSE:OXM - Get Free Report) last released its quarterly earnings data 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 19.09% and a net margin of 0.98%. The firm had revenue of $392.86 million for the quarter, compared to the consensus estimate of $383.54 million. During the same quarter in the prior year, the company posted $2.66 earnings per share. The firm's revenue was down 1.3% on a year-over-year basis. On average, equities analysts predict 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. Stockholders of record on Friday, July 18th will be given a $0.69 dividend. The ex-dividend date of this dividend is Friday, July 18th. This represents a $2.76 annualized dividend and a dividend yield of 6.40%. Oxford Industries's dividend payout ratio is 47.02%.

Insider Activity

In other Oxford Industries news, Director Milford W. Mcguirt acquired 1,000 shares of Oxford Industries stock in a transaction dated Wednesday, April 2nd. The stock was bought at an average cost of $58.70 per share, with a total value of $58,700.00. Following the completion of the transaction, the director now owns 7,180 shares of the company's stock, valued at $421,466. The trade was a 16.18% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Oxford Industries

Several hedge funds have recently modified their holdings of the business. Global Alpha Capital Management Ltd. acquired a new position in shares of Oxford Industries in the fourth quarter valued at $16,489,000. Charles Schwab Investment Management Inc. raised its stake 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 acquiring an additional 50,420 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Oxford Industries by 16.1% during the fourth 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 in the last quarter. Entropy Technologies LP acquired a new position in Oxford Industries during the fourth quarter worth $376,000. Finally, Principal Financial Group Inc. increased its stake in shares of Oxford Industries by 3.1% in the fourth quarter. Principal Financial Group Inc. now owns 71,850 shares of the textile maker's stock valued at $5,660,000 after buying an additional 2,137 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.