Oxford Industries (NYSE:OXM) Shares Down 3.3%

Oxford Industries, Inc. (NYSE:OXM) dropped 3.3% on Monday . The stock traded as low as $86.47 and last traded at $86.66. Approximately 280,395 shares traded hands during trading, an increase of 18% from the average daily volume of 237,231 shares. The stock had previously closed at $89.66.

Analyst Ratings Changes

OXM has been the topic of several analyst reports. Citigroup lowered their target price on Oxford Industries from $94.00 to $92.00 and set a “sell” rating on the stock in a research 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 equities research 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 currently has a consensus rating of “Hold” and an average target price of $103.20.

Oxford Industries Trading Up 2.9 %

The company has a quick ratio of 0.68, a current ratio of 1.32 and a debt-to-equity ratio of 0.03. The stock has a fifty day simple moving average of $98.09 and a 200 day simple moving average of $102.55. The firm has a market capitalization of $1.38 billion, a P/E ratio of 35.64 and a beta of 1.54.

Oxford Industries (NYSE:OXM) last issued its earnings results on Wednesday, June 12th. The textile maker reported $2.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.70 by ($0.04). Oxford Industries had a return on equity of 23.78% and a net margin of 2.62%. The firm had revenue of $398.18 million during the quarter, compared to the consensus estimate of $404.81 million. During the same period last year, the firm posted $3.78 earnings per share. The company’s revenue for the quarter was down 5.2% compared to the same quarter last year. As a group, research analysts forecast that Oxford Industries, Inc. will post 8.8 EPS for the current year.

Oxford Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 2nd. Stockholders of record on Friday, July 19th were issued 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 (DPR) is 108.50%.

Insider Transactions at Oxford Industries

In other Oxford Industries news, EVP Thomas E. Campbell sold 17,540 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The stock was 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 directly owns 24,865 shares of the company’s stock, valued at $2,484,262.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 5.70% of the company’s stock.

Institutional Investors Weigh In On Oxford Industries

Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position 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 valued at $198,672,000 after buying an additional 4,869 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Oxford Industries by 0.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 735,045 shares of the textile maker’s stock valued at $73,507,000 after buying an additional 5,767 shares during the period. Pacer Advisors Inc. purchased a new position in shares of Oxford Industries during the second quarter valued at approximately $54,882,000. Victory Capital Management Inc. boosted its position in shares of Oxford Industries by 21.7% during the second quarter. Victory Capital Management Inc. now owns 496,092 shares of the textile maker’s stock valued at $49,684,000 after buying an additional 88,345 shares during the period. Finally, Wellington Management Group LLP boosted its position in shares of Oxford Industries by 7.9% during the fourth quarter. Wellington Management Group LLP now owns 403,340 shares of the textile maker’s stock valued at $40,334,000 after buying an additional 29,493 shares during the period. 91.16% of the stock is 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.