Oxford Industries (NYSE:OXM) Shares Down 3.3%

Oxford Industries, Inc. (NYSE:OXM)’s stock price was down 3.3% during trading on Monday . The company traded as low as $86.47 and last traded at $86.66. Approximately 280,395 shares were traded during mid-day trading, an increase of 18% from the average daily volume of 237,231 shares. The stock had previously closed at $89.66.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Citigroup cut their price target on shares of Oxford Industries from $94.00 to $92.00 and set a “sell” rating for the company in a report on Thursday, June 13th. Telsey Advisory Group reissued a “market perform” rating and set a $110.00 price target on shares of Oxford Industries in a report on Thursday, June 13th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $103.20.

Oxford Industries Stock Up 2.9 %

The company has a debt-to-equity ratio of 0.03, a current ratio of 1.32 and a quick ratio of 0.68. The firm’s 50-day simple moving average is $98.09 and its two-hundred day simple moving average is $102.55. The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of 35.64 and a beta of 1.54.

Oxford Industries (NYSE:OXM) last released its quarterly earnings results on Wednesday, June 12th. The textile maker reported $2.66 EPS for the quarter, missing the consensus estimate of $2.70 by ($0.04). The business had revenue of $398.18 million during the quarter, compared to analyst estimates of $404.81 million. Oxford Industries had a net margin of 2.62% and a return on equity of 23.78%. The firm’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.78 earnings per share. Sell-side analysts predict that Oxford Industries, Inc. will post 8.8 EPS for the current fiscal year.

Oxford Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 2nd. Stockholders of record on Friday, July 19th were given a $0.67 dividend. The ex-dividend date of this dividend was Friday, July 19th. This represents a $2.68 annualized dividend and a dividend yield of 3.04%. Oxford Industries’s dividend payout ratio is presently 108.50%.

Insider Activity

In related news, EVP Thomas E. Campbell sold 17,540 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $99.91, for a total transaction of $1,752,421.40. Following the sale, the executive vice president now owns 24,865 shares in the company, valued at $2,484,262.15. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 5.70% of the company’s stock.

Institutional Trading of Oxford Industries

A number of hedge funds have recently bought and sold shares of the company. Quarry LP raised its stake in Oxford Industries by 4,650.0% during the second quarter. Quarry LP now owns 475 shares of the textile maker’s stock worth $48,000 after purchasing an additional 465 shares during the period. The Manufacturers Life Insurance Company raised its stake 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 worth $771,000 after purchasing an additional 276 shares during the period. Millennium Management LLC raised its stake in Oxford Industries by 254.1% during the second quarter. Millennium Management LLC now owns 266,412 shares of the textile maker’s stock worth $26,681,000 after purchasing an additional 191,185 shares during the period. Maverick Capital Ltd. raised its stake in Oxford Industries by 673.5% during the second quarter. Maverick Capital Ltd. now owns 62,642 shares of the textile maker’s stock worth $6,274,000 after purchasing an additional 54,544 shares during the period. Finally, Deerfield Management Company L.P. Series C purchased a new position in Oxford Industries during the second quarter worth approximately $995,000. Institutional investors and hedge funds 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.