Oxford Industries (NYSE:OXM) Reaches New 12-Month Low – Time to Sell?

Oxford Industries, Inc. (NYSE:OXM) shares hit a new 52-week low on Tuesday . The company traded as low as $70.54 and last traded at $71.04, with a volume of 59382 shares trading hands. The stock had previously closed at $73.60.

Analysts Set New Price Targets

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

Oxford Industries Stock Up 0.9 %

The company has a quick ratio of 0.71, a current ratio of 1.42 and a debt-to-equity ratio of 0.09. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 81.00 and a beta of 1.56. The business’s fifty day moving average is $80.53 and its two-hundred day moving average is $81.46.

Oxford Industries (NYSE:OXM) last issued its quarterly earnings data on Wednesday, December 11th. The textile maker reported ($0.11) earnings per share 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 company had revenue of $308.00 million for the quarter, compared to analysts’ expectations of $316.84 million. During the same quarter in the prior year, the firm posted $1.01 EPS. The firm’s quarterly revenue was down 5.7% compared to the same quarter last year. Equities analysts forecast that Oxford Industries, Inc. will post 6.62 earnings per share for the current fiscal year.

Oxford Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 17th were paid a $0.67 dividend. The ex-dividend date was Friday, January 17th. This represents a $2.68 annualized dividend and a yield of 3.72%. Oxford Industries’s dividend payout ratio is currently 301.13%.

Insider Buying and Selling at Oxford Industries

In other Oxford Industries news, SVP Tracey Hernandez sold 1,250 shares of the business’s stock in a transaction on 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 directly owns 1,681 shares of the company’s stock, valued at approximately $146,112.52. The trade was a 42.65 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 5.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Oxford Industries

A number of institutional investors and hedge funds have recently made changes to their positions in OXM. Southernsun Asset Management LLC acquired a new position in shares of Oxford Industries during the 4th quarter worth $20,308,000. Senvest Management LLC purchased a new stake in shares of Oxford Industries in the 4th quarter worth about $19,352,000. FMR LLC boosted its position in shares of Oxford Industries by 36.8% in the 3rd quarter. FMR LLC now owns 906,324 shares of the textile maker’s stock worth $78,633,000 after buying an additional 244,022 shares in the last quarter. Global Alpha Capital Management Ltd. purchased a new stake in shares of Oxford Industries in the 4th quarter worth about $16,489,000. Finally, Victory Capital Management Inc. boosted its position in shares of Oxford Industries by 31.6% in the 3rd quarter. Victory Capital Management Inc. now owns 652,726 shares of the textile maker’s stock worth $56,631,000 after buying an additional 156,634 shares in the last quarter. 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.