Oxford Industries (NYSE:OXM) Stock Price Down 3% - Here's Why

Shares of Oxford Industries, Inc. (NYSE:OXM - Get Free Report) fell 3% on Wednesday . The stock traded as low as $41.14 and last traded at $41.14. 79,004 shares changed hands during mid-day trading, a decline of 80% from the average session volume of 387,013 shares. The stock had previously closed at $42.40.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Telsey Advisory Group reaffirmed a "market perform" rating and set a $52.00 price objective on shares of Oxford Industries in a report on Thursday, June 12th. Truist Financial dropped their target price on shares of Oxford Industries from $56.00 to $47.00 and set a "hold" rating for the company in a research report on Thursday, June 12th. UBS Group raised their target price on shares of Oxford Industries from $54.00 to $56.00 and gave the company a "neutral" rating in a research note on Thursday, June 5th. KeyCorp reiterated a "sector weight" rating on shares of Oxford Industries in a research note on Friday, March 28th. Finally, Citigroup dropped their price objective 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. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company's stock. Based on data from MarketBeat, Oxford Industries currently has an average rating of "Hold" and a consensus price target of $55.80.

Oxford Industries Trading Up 1.1%

The stock has a market cap of $615.50 million, a PE ratio of 8.00 and a beta of 1.45. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.64 and a current ratio of 1.32. The stock has a fifty day moving average price of $50.74 and a 200 day moving average price of $64.58.

Oxford Industries (NYSE:OXM - Get Free Report) last released 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 net margin of 5.35% and a return on equity of 14.97%. The firm had revenue of $392.86 million during the quarter, compared to analysts' expectations of $383.54 million. During the same period in the previous year, the company earned $2.66 EPS. The firm's revenue for the quarter was down 1.3% compared to the same quarter last year. Equities analysts expect that Oxford Industries, Inc. will post 6.62 EPS for the current year.

Oxford Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Friday, July 18th will be given a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 6.70%. The ex-dividend date of this dividend is Friday, July 18th. Oxford Industries's dividend payout ratio (DPR) is presently 53.59%.

Insiders Place Their Bets

In other Oxford Industries news, Director Milford W. Mcguirt purchased 1,000 shares of Oxford Industries stock in a transaction dated Wednesday, April 2nd. The stock was acquired at an average price of $58.70 per share, for a total transaction of $58,700.00. Following the acquisition, 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Thomas Caldecot Chubb III acquired 6,500 shares of the company's stock in a transaction dated Monday, June 16th. The shares were acquired at an average price of $40.12 per share, for a total transaction of $260,780.00. Following the completion of the purchase, the chief executive officer now owns 59,063 shares of the company's stock, valued at approximately $2,369,607.56. This represents a 12.37% increase in their position. The disclosure for this purchase can be found here. Insiders have bought 17,500 shares of company stock worth $733,280 in the last ninety days. 6.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Oxford Industries

A number of hedge funds have recently made changes to their positions in the stock. Sanctuary Advisors LLC grew its stake in Oxford Industries by 3.7% in the fourth quarter. Sanctuary Advisors LLC now owns 3,799 shares of the textile maker's stock valued at $328,000 after purchasing an additional 137 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Oxford Industries by 5.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,328 shares of the textile maker's stock valued at $195,000 after buying an additional 185 shares in the last quarter. Illinois Municipal Retirement Fund grew its position in shares of Oxford Industries by 3.4% in the 1st quarter. Illinois Municipal Retirement Fund now owns 8,036 shares of the textile maker's stock worth $471,000 after buying an additional 267 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Oxford Industries by 3.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,430 shares of the textile maker's stock worth $664,000 after acquiring an additional 280 shares in the last quarter. Finally, Truvestments Capital LLC raised its stake in shares of 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 in the last quarter. 91.16% of the stock is currently owned by hedge funds and other institutional investors.

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.