Oxford Industries (NYSE:OXM) Trading Down 4.4% - Here's What Happened

Oxford Industries, Inc. (NYSE:OXM - Get Free Report)'s share price was down 4.4% during mid-day trading on Friday . The company traded as low as $46.82 and last traded at $46.88. Approximately 36,155 shares were traded during trading, a decline of 92% from the average daily volume of 451,886 shares. The stock had previously closed at $49.02.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on OXM shares. Telsey Advisory Group reaffirmed a "market perform" rating and set a $52.00 price target on shares of Oxford Industries in a report on Thursday, June 12th. KeyCorp restated a "sector weight" rating on shares of Oxford Industries in a research report on Friday, March 28th. Truist Financial reduced their target price on Oxford Industries from $56.00 to $47.00 and set a "hold" rating on the stock in a report on Thursday, June 12th. Citigroup decreased 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. Finally, UBS Group upped their price objective on Oxford Industries from $54.00 to $56.00 and gave the stock a "neutral" rating in a research report on Thursday, June 5th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $55.80.

Oxford Industries Stock Down 4.3%

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 company has a market capitalization of $700.98 million, a P/E ratio of 9.11 and a beta of 1.36. The stock has a 50 day moving average price of $49.15 and a 200 day moving average price of $60.65.

Oxford Industries (NYSE:OXM - Get Free Report) last announced its quarterly earnings results on Wednesday, June 11th. The textile maker reported $1.82 EPS for the quarter, meeting analysts' consensus estimates of $1.82. The firm had revenue of $392.86 million for 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 business's revenue for the quarter was down 1.3% on a year-over-year basis. During the same period last year, the firm posted $2.66 earnings per share. On average, research analysts anticipate that Oxford Industries, Inc. will post 6.62 earnings per share for the current fiscal year.

Oxford Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Friday, July 18th will be issued a dividend of $0.69 per share. The ex-dividend date is Friday, July 18th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 5.88%. Oxford Industries's dividend payout ratio (DPR) is presently 53.59%.

Insider Buying and Selling at Oxford Industries

In related news, CEO Robert S. Trauber purchased 10,000 shares of the firm's stock in a transaction dated Wednesday, June 18th. The stock was bought at an average price of $41.38 per share, with a total value of $413,800.00. Following the completion of the purchase, 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 acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Thomas Caldecot Chubb III acquired 6,500 shares of the stock in a transaction dated Monday, June 16th. The shares were bought at an average price of $40.12 per share, with a total value of $260,780.00. Following the completion of the transaction, the chief executive officer directly owned 59,063 shares of the company's stock, valued at $2,369,607.56. The trade was a 12.37% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 6.00% of the company's stock.

Institutional Trading of Oxford Industries

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its position in shares of 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 during the period. Raymond James Financial Inc. acquired a new position in Oxford Industries in the fourth quarter valued at $4,041,000. Amundi boosted its position in Oxford Industries by 174.5% during the fourth quarter. Amundi now owns 7,121 shares of the textile maker's stock valued at $616,000 after acquiring an additional 4,527 shares during the last quarter. AlphaQuest LLC bought a new stake in Oxford Industries during the fourth quarter valued at $232,000. Finally, Truvestments Capital LLC grew its holdings in Oxford Industries by 15.6% during the 4th quarter. Truvestments Capital LLC now owns 2,411 shares of the textile maker's stock worth $190,000 after acquiring an additional 326 shares during the period. Institutional investors and hedge funds 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.