Oxford Industries (NYSE:OXM) Stock Price Down 5.1% - Here's Why

Oxford Industries, Inc. (NYSE:OXM - Get Free Report) shares traded down 5.1% during mid-day trading on Monday . The company traded as low as $49.37 and last traded at $49.29. 182,657 shares were traded during trading, a decline of 49% from the average session volume of 361,390 shares. The stock had previously closed at $51.91.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on OXM shares. Citigroup reduced their target price on shares of Oxford Industries from $52.00 to $47.00 and set a "sell" rating on the stock in a research report on Monday, April 7th. KeyCorp reaffirmed a "sector weight" rating on shares of Oxford Industries in a research report on Friday, March 28th. UBS Group lowered their target price on Oxford Industries from $66.00 to $57.00 and set a "neutral" rating for the company in a report on Friday, March 28th. Finally, Telsey Advisory Group cut their price target on Oxford Industries from $64.00 to $52.00 and set a "market perform" rating on the stock in a research note on Wednesday, April 23rd.

Oxford Industries Stock Performance

The business has a fifty day simple moving average of $57.32 and a two-hundred day simple moving average of $71.76. The company has a market cap of $740.43 million, a PE ratio of 55.97 and a beta of 1.40. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.42 and a quick ratio of 0.71.

Oxford Industries (NYSE:OXM - Get Free Report) last issued its quarterly earnings data on Thursday, March 27th. The textile maker reported $1.37 earnings per share for the quarter, beating analysts' consensus estimates of $1.28 by $0.09. Oxford Industries had a return on equity of 19.09% and a net margin of 0.98%. The company had revenue of $390.51 million for the quarter, compared to the consensus estimate of $383.94 million. During the same quarter last year, the company earned $1.90 earnings per share. The firm's revenue for the quarter was down 3.4% compared to the same quarter last year. Research analysts anticipate that Oxford Industries, Inc. will post 6.62 earnings per share for the current year.

Oxford Industries Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Thursday, April 17th will be given a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a dividend yield of 5.54%. The ex-dividend date is Thursday, April 17th. This is a positive change from Oxford Industries's previous quarterly dividend of $0.67. Oxford Industries's dividend payout ratio (DPR) is 47.02%.

Insider Activity

In other Oxford Industries news, Director Milford W. Mcguirt acquired 1,000 shares of the company's stock in a transaction on Wednesday, April 2nd. The shares were bought at an average cost of $58.70 per share, for a total transaction of $58,700.00. Following the completion of the purchase, the director now owns 7,180 shares in the company, valued at $421,466. This trade represents a 16.18 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 5.70% of the company's stock.

Hedge Funds Weigh In On Oxford Industries

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quadrant Capital Group LLC lifted its position in shares of Oxford Industries by 981.6% during the 4th quarter. Quadrant Capital Group LLC now owns 411 shares of the textile maker's stock valued at $32,000 after acquiring an additional 373 shares during the period. Venturi Wealth Management LLC purchased a new stake in Oxford Industries during the fourth quarter worth $63,000. Blue Trust Inc. raised its stake in shares of Oxford Industries by 27.6% during the 4th quarter. Blue Trust Inc. now owns 739 shares of the textile maker's stock worth $64,000 after buying an additional 160 shares during the last quarter. Vestcor Inc purchased a new stake in shares of Oxford Industries in the 4th quarter worth about $100,000. Finally, Truvestments Capital LLC grew its stake in Oxford Industries by 15.6% in the 4th quarter. Truvestments Capital LLC now owns 2,411 shares of the textile maker's stock valued at $190,000 after acquiring an additional 326 shares during the last quarter. Institutional investors and hedge funds own 91.16% of the company's stock.

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.

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