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

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

Wall Street Analyst Weigh In

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

Oxford Industries Stock Up 2.8 %

The firm has a market capitalization of $891.35 million, a price-to-earnings ratio of 63.79 and a beta of 1.61. The stock has a fifty day moving average of $75.59 and a two-hundred day moving average of $78.74. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.42 and a quick ratio of 0.71.

Oxford Industries (NYSE:OXM) last issued its quarterly earnings results on Wednesday, December 11th. The textile maker reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.20). The firm had revenue of $308.00 million for 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%. The business’s revenue was down 5.7% compared to the same quarter last year. During the same period last year, the company posted $1.01 EPS. Sell-side analysts anticipate that Oxford Industries, Inc. will post 6.62 earnings per share for the current year.

Insider Buying and Selling at Oxford Industries

In other news, SVP Tracey Hernandez sold 1,250 shares of the stock in a transaction dated 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 owns 1,681 shares of the company’s stock, valued at $146,112.52. This represents a 42.65 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 5.70% of the company’s stock.

Hedge Funds Weigh In On Oxford Industries

A number of institutional investors and hedge funds have recently made changes to their positions in OXM. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Oxford Industries by 20.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 24,329 shares of the textile maker’s stock valued at $1,917,000 after acquiring an additional 4,141 shares in the last quarter. Vident Advisory LLC lifted its position in Oxford Industries by 9.0% in the 4th quarter. Vident Advisory LLC now owns 8,249 shares of the textile maker’s stock valued at $650,000 after acquiring an additional 683 shares in the last quarter. ProShare Advisors LLC lifted its position in Oxford Industries by 44.5% in the 4th quarter. ProShare Advisors LLC now owns 4,467 shares of the textile maker’s stock valued at $352,000 after acquiring an additional 1,376 shares in the last quarter. Man Group plc bought a new position in Oxford Industries in the 4th quarter valued at about $3,119,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Oxford Industries by 3.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,430 shares of the textile maker’s stock valued at $664,000 after acquiring an additional 280 shares in the last quarter. 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.