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

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

Analyst Ratings Changes

A number of analysts recently commented on OXM shares. Telsey Advisory Group lowered their price objective on shares of Oxford Industries from $110.00 to $86.00 and set a “market perform” rating for the company in a research report on Thursday, September 12th. UBS Group lowered their price objective on shares of Oxford Industries from $101.00 to $91.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. Finally, Citigroup lowered their target price on Oxford Industries from $92.00 to $65.00 and set a “sell” rating for the company in a report on Friday, September 13th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $83.00.

Oxford Industries Stock Performance

The stock has a fifty day simple moving average of $81.74 and a 200-day simple moving average of $94.76. The stock has a market cap of $1.15 billion, a P/E ratio of 40.70 and a beta of 1.53.

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

Oxford Industries Dividend Announcement

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

Insider Activity

In related news, EVP Scott Grassmyer sold 1,495 shares of Oxford Industries stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $86.77, for a total value of $129,721.15. Following the transaction, the executive vice president now directly owns 31,428 shares of the company’s stock, valued at $2,727,007.56. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 5.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Oxford Industries

Hedge funds have recently modified their holdings of the business. Capstone Investment Advisors LLC lifted its holdings in shares of Oxford Industries by 161.5% during the first quarter. Capstone Investment Advisors LLC now owns 15,160 shares of the textile maker’s stock worth $1,704,000 after purchasing an additional 9,363 shares during the period. Boston Partners acquired a new position in shares of Oxford Industries during the first quarter worth $990,000. Vanguard Group Inc. lifted its holdings in shares of Oxford Industries by 0.3% during the first quarter. Vanguard Group Inc. now owns 1,767,543 shares of the textile maker’s stock worth $198,672,000 after purchasing an additional 4,869 shares during the period. Maverick Capital Ltd. lifted its holdings in shares of 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, Susquehanna Fundamental Investments LLC acquired a new position in shares of Oxford Industries during the first quarter worth $2,056,000. Institutional investors and hedge funds 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.