Oxford Industries (NYSE:OXM) Shares Down 4.4% - Time to Sell?

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

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. 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 note on Thursday, June 5th. KeyCorp reaffirmed a "sector weight" rating on shares of Oxford Industries in a research note on Friday, March 28th. Truist Financial lowered their price objective on Oxford Industries from $56.00 to $47.00 and set a "hold" rating on the stock in a research report on Thursday, June 12th. Citigroup reduced their target price on shares of Oxford Industries from $47.00 to $44.00 and set a "sell" rating for the company in a report on Thursday, June 12th. Finally, 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. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $55.80.

Oxford Industries Stock Performance

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 business has a 50 day moving average price of $49.15 and a two-hundred day moving average price of $60.38. The stock has a market cap of $675.73 million, a P/E ratio of 8.79 and a beta of 1.36.

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

Oxford Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Friday, July 18th will be paid a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 6.10%. The ex-dividend date is Friday, July 18th. Oxford Industries's payout ratio is 53.59%.

Insider Transactions at Oxford Industries

In other Oxford Industries news, CEO Robert S. Trauber bought 10,000 shares of the company's stock in a transaction on Wednesday, June 18th. The stock was acquired at an average price of $41.38 per share, for a total transaction of $413,800.00. Following the completion of the transaction, the chief executive officer directly owned 13,364 shares of the company's stock, valued at approximately $553,002.32. This represents a 297.27% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Thomas Caldecot Chubb III purchased 6,500 shares of the stock in a transaction that occurred on Monday, June 16th. The stock was purchased at an average price of $40.12 per share, with a total value of $260,780.00. Following the acquisition, 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 position. The disclosure for this purchase can be found here. Insiders own 6.00% of the company's stock.

Institutional Trading of Oxford Industries

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OXM. Raymond James Financial Inc. purchased a new stake in Oxford Industries during the fourth quarter worth $4,041,000. Amundi lifted its position in Oxford Industries by 174.5% during the fourth quarter. Amundi now owns 7,121 shares of the textile maker's stock worth $616,000 after buying an additional 4,527 shares in the last quarter. AlphaQuest LLC acquired a new position in Oxford Industries in the 4th quarter valued at about $232,000. Vestcor Inc purchased a new position in Oxford Industries in the fourth quarter worth approximately $100,000. Finally, William Blair Investment Management LLC raised its holdings in Oxford Industries by 2.3% in the 4th quarter. William Blair Investment Management LLC now owns 367,623 shares of the textile maker's stock valued at $28,961,000 after buying an additional 8,399 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.