Oxford Industries (NYSE:OXM) Stock Price Down 7.3% - What's Next?

Key Points

• Oxford Industries' shares fell 7.3% during mid-day trading, reaching a low of $47.83, with a significant drop in trading volume.
• Despite a quarterly earnings report that topped estimates, the company experienced a 4% decline in revenue year-over-year, with analysts setting a consensus rating of "Reduce" and an average price target of $54.40.
• The company declared a quarterly dividend of $0.69 per share, representing a dividend yield of 5.8%, to be paid on October 31st.

Oxford Industries, Inc. (NYSE:OXM - Get Free Report)'s stock price dropped 7.3% during trading on Friday . The stock traded as low as $47.83 and last traded at $47.79. Approximately 66,497 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 444,995 shares. The stock had previously closed at $51.58.

Analyst Ratings Changes

OXM has been the subject of several analyst reports. 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, June 12th. Zacks Research downgraded shares of Oxford Industries from a "hold" rating to a "strong sell" rating in a report on Friday, September 12th. UBS Group cut their price target on shares of Oxford Industries from $48.00 to $46.00 and set a "neutral" rating for the company in a report on Wednesday, August 27th. Truist Financial raised their price target on shares of Oxford Industries from $47.00 to $50.00 and gave the company a "hold" rating in a report on Thursday, September 11th. Finally, Telsey Advisory Group restated a "market perform" rating and set a $52.00 price objective on shares of Oxford Industries in a research report on Thursday, September 11th. Four analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Reduce" and a consensus target price of $54.40.

Oxford Industries Stock Performance

The company has a market cap of $710.82 million, a PE ratio of 13.00 and a beta of 1.36. The business's 50-day moving average is $43.43 and its 200 day moving average is $48.96. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.51 and a current ratio of 1.18.

Oxford Industries (NYSE:OXM - Get Free Report) last issued its earnings results on Wednesday, September 10th. The textile maker reported $1.26 EPS for the quarter, topping analysts' consensus estimates of $1.21 by $0.05. The company had revenue of $403.10 million for the quarter, compared to analysts' expectations of $406.14 million. Oxford Industries had a net margin of 3.80% and a return on equity of 10.99%. The firm's revenue was down 4.0% compared to the same quarter last year. During the same quarter last year, the company earned $2.77 EPS. Oxford Industries has set its FY 2025 guidance at 2.800-3.200 EPS. Q3 2025 guidance at -1.050--0.85 EPS. On average, equities research analysts predict that Oxford Industries, Inc. will post 6.62 EPS for the current fiscal year.

Oxford Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 17th will be given a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 5.8%. The ex-dividend date is Friday, October 17th. Oxford Industries's dividend payout ratio (DPR) is presently 74.59%.

Hedge Funds Weigh In On Oxford Industries

Hedge funds have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd purchased a new position in shares of Oxford Industries in the second quarter valued at about $34,000. Blue Trust Inc. increased its position in shares of Oxford Industries by 124.8% in the second quarter. Blue Trust Inc. now owns 1,448 shares of the textile maker's stock valued at $58,000 after acquiring an additional 804 shares during the period. BNP Paribas Financial Markets increased its position in shares of Oxford Industries by 44.8% in the second quarter. BNP Paribas Financial Markets now owns 1,507 shares of the textile maker's stock valued at $61,000 after acquiring an additional 466 shares during the period. Tower Research Capital LLC TRC increased its position in shares of Oxford Industries by 127.1% in the second quarter. Tower Research Capital LLC TRC now owns 1,812 shares of the textile maker's stock valued at $73,000 after acquiring an additional 1,014 shares during the period. Finally, GAMMA Investing LLC increased its position in shares of Oxford Industries by 406.0% in the second quarter. GAMMA Investing LLC now owns 2,095 shares of the textile maker's stock valued at $84,000 after acquiring an additional 1,681 shares during the period. Hedge funds and other institutional investors 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.