Oxford Industries (NYSE:OXM) Shares Down 5.1% – Here’s Why

Oxford Industries, Inc. (NYSE:OXM) dropped 5.1% during mid-day trading on Monday . The stock traded as low as $78.65 and last traded at $79.62. Approximately 33,775 shares traded hands during mid-day trading, a decline of 88% from the average daily volume of 270,732 shares. The stock had previously closed at $83.86.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on OXM. Telsey Advisory Group restated a “market perform” rating and issued a $86.00 target price on shares of Oxford Industries in a report on Wednesday, December 4th. UBS Group cut their price objective on Oxford Industries from $81.00 to $80.00 and set a “neutral” rating on the stock in a report on Thursday, December 12th.

Oxford Industries Price Performance

The company has a current ratio of 1.42, a quick ratio of 0.71 and a debt-to-equity ratio of 0.09. The stock has a 50-day simple moving average of $82.71 and a 200 day simple moving average of $83.87. The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of 86.29 and a beta of 1.56.

Oxford Industries (NYSE:OXM) last announced its quarterly earnings data on Wednesday, December 11th. The textile maker reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.20). Oxford Industries had a net margin of 0.98% and a return on equity of 19.09%. The company had revenue of $308.00 million for the quarter, compared to analysts’ expectations of $316.84 million. During the same period in the previous year, the firm posted $1.01 earnings per share. The business’s revenue for the quarter was down 5.7% on a year-over-year basis. On average, equities research analysts forecast that Oxford Industries, Inc. will post 6.62 EPS for the current fiscal year.

Oxford Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 17th were given a dividend of $0.67 per share. The ex-dividend date of this dividend was Friday, January 17th. This represents a $2.68 dividend on an annualized basis and a yield of 3.49%. Oxford Industries’s payout ratio is 301.13%.

Insiders Place Their Bets

In other news, SVP Tracey Hernandez sold 1,250 shares of the firm’s stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $86.92, for a total transaction of $108,650.00. Following the transaction, the senior vice president now owns 1,681 shares in the company, valued at approximately $146,112.52. This trade represents a 42.65 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 5.70% of the company’s stock.

Hedge Funds Weigh In On Oxford Industries

Hedge funds have recently bought and sold shares of the business. Sanctuary Advisors LLC boosted its stake in shares of Oxford Industries by 3.7% during the 4th quarter. Sanctuary Advisors LLC now owns 3,799 shares of the textile maker’s stock worth $328,000 after acquiring an additional 137 shares in the last quarter. Blue Trust Inc. lifted its holdings in Oxford Industries by 27.6% in the 4th quarter. Blue Trust Inc. now owns 739 shares of the textile maker’s stock worth $64,000 after purchasing an additional 160 shares during the last quarter. Creative Planning boosted its position in Oxford Industries by 6.0% during the third quarter. Creative Planning now owns 3,885 shares of the textile maker’s stock worth $337,000 after purchasing an additional 219 shares during the period. SG Americas Securities LLC grew its holdings in Oxford Industries by 5.8% during the third quarter. SG Americas Securities LLC now owns 4,361 shares of the textile maker’s stock valued at $378,000 after purchasing an additional 240 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in shares of Oxford Industries by 3.7% in the second quarter. The Manufacturers Life Insurance Company now owns 7,702 shares of the textile maker’s stock valued at $771,000 after purchasing an additional 276 shares during the period. 91.16% of the stock is owned by institutional investors and hedge funds.

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.