Oxford Industries (NYSE:OXM) Reaches New 12-Month Low – Here’s Why

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

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. UBS Group lowered their price target on Oxford Industries from $81.00 to $80.00 and set a “neutral” rating on the stock in a research report on Thursday, December 12th. Telsey Advisory Group reissued a “market perform” rating and set a $86.00 price target on shares of Oxford Industries in a research report on Wednesday, December 4th.

Oxford Industries Trading Up 2.8 %

The company has a market cap of $891.35 million, a P/E ratio of 63.79 and a beta of 1.61. The business has a fifty day moving average price of $75.59 and a 200-day moving average price of $78.74. The company has a quick ratio of 0.71, a current ratio of 1.42 and a debt-to-equity ratio of 0.09.

Oxford Industries (NYSE:OXM) last issued its quarterly earnings data on Wednesday, December 11th. The textile maker reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.20). Oxford Industries had a return on equity of 19.09% and a net margin of 0.98%. The firm had revenue of $308.00 million for the quarter, compared to the consensus estimate of $316.84 million. During the same quarter in the prior year, the firm earned $1.01 EPS. The company’s revenue was down 5.7% on a year-over-year basis. On average, analysts forecast that Oxford Industries, Inc. will post 6.62 earnings per share for the current year.

Insider Transactions at Oxford Industries

In related news, SVP Tracey Hernandez sold 1,250 shares of the business’s stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $86.92, for a total value of $108,650.00. Following the completion of the sale, the senior vice president now directly owns 1,681 shares in the company, valued at approximately $146,112.52. The trade was a 42.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 5.70% of the company’s stock.

Institutional Investors Weigh In On Oxford Industries

Several institutional investors have recently made changes to their positions in OXM. Southernsun Asset Management LLC bought a new stake in shares of Oxford Industries in the fourth quarter valued at approximately $20,308,000. Senvest Management LLC bought a new stake in shares of Oxford Industries in the fourth quarter valued at approximately $19,352,000. FMR LLC boosted its stake in shares of Oxford Industries by 36.8% in the third quarter. FMR LLC now owns 906,324 shares of the textile maker’s stock valued at $78,633,000 after buying an additional 244,022 shares during the period. Global Alpha Capital Management Ltd. bought a new stake in shares of Oxford Industries in the fourth quarter valued at approximately $16,489,000. Finally, Victory Capital Management Inc. boosted its stake in shares of Oxford Industries by 31.6% in the third quarter. Victory Capital Management Inc. now owns 652,726 shares of the textile maker’s stock valued at $56,631,000 after buying an additional 156,634 shares during the period. 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.