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

Shares of Oxford Industries, Inc. (NYSE:OXM) reached a new 52-week low during trading on Wednesday . The stock traded as low as $57.26 and last traded at $57.64, with a volume of 98191 shares trading hands. The stock had previously closed at $60.53.

Wall Street Analyst Weigh In

OXM has been the topic of a number of recent research reports. Telsey Advisory Group reaffirmed a “market perform” rating and set a $86.00 price target on shares of Oxford Industries in a research report on Wednesday, December 4th. UBS Group dropped their target price on shares of 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 current ratio of 1.42 and a quick ratio of 0.71. The stock has a market cap of $900.84 million, a price-to-earnings ratio of 64.57 and a beta of 1.61. The business’s 50-day simple moving average is $76.03 and its two-hundred day simple moving average is $78.90.

Oxford Industries (NYSE:OXM) last posted its earnings results on Wednesday, December 11th. The textile maker reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.20). The firm had revenue of $308.00 million during the quarter, compared to the consensus estimate of $316.84 million. Oxford Industries had a net margin of 0.98% and a return on equity of 19.09%. Oxford Industries’s revenue for the quarter was down 5.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.01 earnings per share. Research analysts expect that Oxford Industries, Inc. will post 6.62 earnings per share for the current year.

Insider Activity

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

Hedge Funds Weigh In On Oxford Industries

Large investors have recently modified their holdings of the business. Quadrant Capital Group LLC grew its stake in shares of Oxford Industries by 981.6% in the fourth quarter. Quadrant Capital Group LLC now owns 411 shares of the textile maker’s stock worth $32,000 after purchasing an additional 373 shares during the last quarter. Venturi Wealth Management LLC bought a new position in Oxford Industries during the 4th quarter worth $63,000. Blue Trust Inc. lifted its holdings in Oxford Industries by 27.6% during the 4th quarter. Blue Trust Inc. now owns 739 shares of the textile maker’s stock worth $64,000 after buying an additional 160 shares during the period. Vestcor Inc bought a new stake in shares of Oxford Industries in the 4th quarter valued at about $100,000. Finally, Advisors Asset Management Inc. increased its stake in shares of Oxford Industries by 223.3% in the third quarter. Advisors Asset Management Inc. now owns 1,568 shares of the textile maker’s stock valued at $136,000 after buying an additional 1,083 shares during the period. Institutional investors own 91.16% of the company’s stock.

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.