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

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

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on OXM. UBS Group decreased their target price on Oxford Industries from $81.00 to $80.00 and set a “neutral” rating for the company in a research note on Thursday, December 12th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $86.00 price objective on shares of Oxford Industries in a research note on Wednesday, December 4th.

Oxford Industries Stock Performance

The company has a debt-to-equity ratio of 0.09, a current ratio of 1.42 and a quick ratio of 0.71. The firm has a market capitalization of $1.18 billion, a PE ratio of 84.16 and a beta of 1.56. The firm has a fifty day moving average price of $82.50 and a 200 day moving average price of $83.53.

Oxford Industries (NYSE:OXM) last posted 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). The firm had revenue of $308.00 million for the quarter, compared to analysts’ expectations of $316.84 million. Oxford Industries had a net margin of 0.98% and a return on equity of 19.09%. Oxford Industries’s quarterly revenue was down 5.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.01 earnings per share. Research analysts anticipate that Oxford Industries, Inc. will post 6.62 earnings per share for the current fiscal year.

Oxford Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 17th were issued a dividend of $0.67 per share. The ex-dividend date was Friday, January 17th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.58%. Oxford Industries’s dividend payout ratio is 301.12%.

Insider Activity at Oxford Industries

In related news, SVP Tracey Hernandez sold 1,250 shares of the stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $86.92, for a total transaction of $108,650.00. Following the completion of the sale, the senior vice president now directly owns 1,681 shares in the company, valued at approximately $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 Securities & Exchange Commission, which is accessible through the SEC website. 5.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Oxford Industries

Several institutional investors have recently made changes to their positions in OXM. The Manufacturers Life Insurance Company raised its position in Oxford Industries by 3.7% during the second quarter. The Manufacturers Life Insurance Company now owns 7,702 shares of the textile maker’s stock valued at $771,000 after acquiring an additional 276 shares in the last quarter. Sanctuary Advisors LLC bought a new position in shares of Oxford Industries during the 2nd quarter valued at $386,000. SG Americas Securities LLC lifted its stake in shares of Oxford Industries by 5.8% in the 3rd 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. Handelsbanken Fonder AB boosted its holdings in Oxford Industries by 54.1% in the third quarter. Handelsbanken Fonder AB now owns 5,126 shares of the textile maker’s stock worth $445,000 after purchasing an additional 1,800 shares in the last quarter. Finally, Inspire Investing LLC increased its position in Oxford Industries by 34.8% during the third quarter. Inspire Investing LLC now owns 4,746 shares of the textile maker’s stock worth $412,000 after buying an additional 1,226 shares during the last quarter. 91.16% of the stock is currently owned by institutional investors and hedge funds.

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.