Oxford Industries (NYSE:OXM) Hits New 12-Month Low – What’s Next?

Oxford Industries, Inc. (NYSE:OXM)’s stock price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $73.44 and last traded at $73.76, with a volume of 36201 shares traded. The stock had previously closed at $74.08.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on OXM. UBS Group cut their price objective on Oxford Industries from $101.00 to $91.00 and set a “neutral” rating for the company in a report on Thursday, September 5th. Citigroup cut their target price on Oxford Industries from $92.00 to $65.00 and set a “sell” rating on the stock in a report on Friday, September 13th. Finally, Telsey Advisory Group cut their target price on Oxford Industries from $110.00 to $86.00 and set a “market perform” rating on the stock in a report on Thursday, September 12th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to data from MarketBeat, Oxford Industries has an average rating of “Hold” and an average target price of $83.00.

Oxford Industries Trading Down 1.3 %

The firm has a market cap of $1.15 billion, a price-to-earnings ratio of 40.70 and a beta of 1.53. The firm has a 50-day moving average of $81.74 and a two-hundred day moving average of $94.76.

Oxford Industries (NYSE:OXM) last issued its quarterly earnings results on Wednesday, September 11th. The textile maker reported $2.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.00 by ($0.23). Oxford Industries had a net margin of 1.92% and a return on equity of 21.93%. The firm had revenue of $419.89 million for the quarter, compared to the consensus estimate of $438.16 million. During the same quarter in the prior year, the firm earned $3.45 earnings per share. The company’s revenue was down .1% on a year-over-year basis. As a group, equities analysts anticipate that Oxford Industries, Inc. will post 7.16 EPS for the current year.

Oxford Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Friday, October 18th will be paid a $0.67 dividend. The ex-dividend date of this dividend is Friday, October 18th. This represents a $2.68 annualized dividend and a dividend yield of 3.66%. Oxford Industries’s dividend payout ratio is currently 147.25%.

Insider Activity

In related news, EVP Scott Grassmyer sold 1,495 shares of the stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $86.77, for a total transaction of $129,721.15. Following the sale, the executive vice president now directly owns 31,428 shares in the company, valued at $2,727,007.56. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 5.70% of the company’s stock.

Institutional Investors Weigh In On Oxford Industries

Large investors have recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. acquired a new position in Oxford Industries during the 1st quarter worth $1,301,000. BNP Paribas Financial Markets lifted its holdings in Oxford Industries by 12.9% during the 1st quarter. BNP Paribas Financial Markets now owns 18,505 shares of the textile maker’s stock worth $2,080,000 after buying an additional 2,117 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in Oxford Industries by 13.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 5,313 shares of the textile maker’s stock worth $597,000 after buying an additional 631 shares in the last quarter. Capstone Investment Advisors LLC lifted its holdings in Oxford Industries by 161.5% during the 1st quarter. Capstone Investment Advisors LLC now owns 15,160 shares of the textile maker’s stock worth $1,704,000 after buying an additional 9,363 shares in the last quarter. Finally, Central Pacific Bank Trust Division acquired a new position in Oxford Industries during the 1st quarter worth $140,000. 91.16% of the stock is currently owned by institutional investors.

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.