Oxford Industries (NYSE:OXM) Stock Price Down 5.1% – Here’s What Happened

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

Wall Street Analysts Forecast Growth

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

Oxford Industries Trading Down 8.4 %

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

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

Oxford Industries Dividend Announcement

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

Insiders Place Their Bets

In other Oxford Industries news, SVP Tracey Hernandez sold 1,250 shares of the firm’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $86.92, for a total value of $108,650.00. Following the transaction, the senior vice president now owns 1,681 shares of the company’s stock, valued at $146,112.52. This trade represents a 42.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 5.70% of the stock is owned by company insiders.

Institutional Trading of Oxford Industries

Hedge funds have recently made changes to their positions in the stock. Sanctuary Advisors LLC boosted its position in 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 during the period. Blue Trust Inc. grew its position in Oxford Industries by 27.6% in the 4th quarter. Blue Trust Inc. now owns 739 shares of the textile maker’s stock valued at $64,000 after buying an additional 160 shares in the last quarter. Creative Planning grew its position in Oxford Industries by 6.0% in the 3rd quarter. Creative Planning now owns 3,885 shares of the textile maker’s stock valued at $337,000 after buying an additional 219 shares in the last quarter. SG Americas Securities LLC increased its stake in Oxford Industries by 5.8% during the 3rd quarter. SG Americas Securities LLC now owns 4,361 shares of the textile maker’s stock valued at $378,000 after buying an additional 240 shares during the period. Finally, The Manufacturers Life Insurance Company raised its position in shares of Oxford Industries by 3.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,702 shares of the textile maker’s stock worth $771,000 after buying an additional 276 shares in the last quarter. Institutional investors 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.