Oxford Industries (NYSE:OXM) Reaches New 1-Year Low – Should You Sell?

Oxford Industries, Inc. (NYSE:OXM) shares hit a new 52-week low during mid-day trading on Friday . The company traded as low as $71.38 and last traded at $72.08, with a volume of 35941 shares trading hands. The stock had previously closed at $74.04.

Wall Street Analyst Weigh In

A number of research firms have commented on OXM. Telsey Advisory Group reissued a “market perform” rating and issued a $86.00 target price on shares of Oxford Industries in a report on Wednesday, December 4th. 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 report on Thursday, December 12th.

Oxford Industries Price Performance

The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.71 and a current ratio of 1.42. The company has a market cap of $1.14 billion, a price-to-earnings ratio of 81.07 and a beta of 1.56. The company’s 50 day moving average price is $82.16 and its 200-day moving average price is $83.40.

Oxford Industries (NYSE:OXM) last announced its 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 net margin of 0.98% and a return on equity of 19.09%. The firm had revenue of $308.00 million for the quarter, compared to analyst estimates of $316.84 million. During the same period last year, the firm earned $1.01 earnings per share. Oxford Industries’s revenue for the quarter was down 5.7% compared to the same quarter last year. On average, equities research analysts forecast 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 3.70%. Oxford Industries’s dividend payout ratio is currently 301.13%.

Insider Buying and Selling

In other news, SVP Tracey Hernandez sold 1,250 shares of Oxford Industries stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $86.92, for a total transaction of $108,650.00. Following the transaction, the senior vice president now directly 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 document filed with the SEC, which is available through this hyperlink. 5.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. FMR LLC boosted its holdings in shares of Oxford Industries by 36.8% during 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 during the period. Victory Capital Management Inc. grew its stake in Oxford Industries by 31.6% during the third 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. Charles Schwab Investment Management Inc. increased its stake in Oxford Industries by 8.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 618,654 shares of the textile maker’s stock valued at $48,738,000 after acquiring an additional 50,420 shares during the last quarter. State Street Corp lifted its stake in Oxford Industries by 1.3% during the third quarter. State Street Corp now owns 559,581 shares of the textile maker’s stock worth $48,549,000 after purchasing an additional 7,336 shares during the last quarter. Finally, Wellington Management Group LLP lifted its stake in Oxford Industries by 22.7% during the third quarter. Wellington Management Group LLP now owns 553,382 shares of the textile maker’s stock worth $48,011,000 after purchasing an additional 102,525 shares during the last quarter. 91.16% of the stock is 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.