Oxford Industries (NYSE:OXM) Sets New 12-Month Low Following Analyst Downgrade

Oxford Industries, Inc. (NYSE:OXM)’s stock price hit a new 52-week low during mid-day trading on Thursday after Truist Financial lowered their price target on the stock from $50.00 to $35.00. Truist Financial currently has a hold rating on the stock. Oxford Industries traded as low as $30.57 and last traded at $31.87, with a volume of 2640896 shares. The stock had previously closed at $40.45.

A number of other brokerages have also weighed in on OXM. Telsey Advisory Group reduced their price objective on Oxford Industries from $52.00 to $35.00 and set a “market perform” rating on the stock in a research report on Thursday. KeyCorp restated a “sector weight” rating on shares of Oxford Industries in a report on Thursday. Citigroup upgraded shares of Oxford Industries from a “sell” rating to a “neutral” rating and dropped their price objective for the company from $44.00 to $35.00 in a report on Tuesday, November 25th. Zacks Research upgraded shares of Oxford Industries from a “strong sell” rating to a “hold” rating in a research report on Monday, November 10th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Oxford Industries in a report on Wednesday, October 8th. Six analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $44.00.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Jump Financial LLC bought a new stake in Oxford Industries during the 1st quarter worth approximately $4,775,000. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Oxford Industries by 5.8% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,724 shares of the textile maker’s stock valued at $512,000 after purchasing an additional 700 shares in the last quarter. Inspire Advisors LLC purchased a new position in Oxford Industries during the second quarter worth about $2,086,000. CenterBook Partners LP grew its position in Oxford Industries by 226.6% in the 2nd quarter. CenterBook Partners LP now owns 81,236 shares of the textile maker’s stock worth $3,270,000 after purchasing an additional 56,360 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in Oxford Industries in the 2nd quarter valued at about $323,000. Institutional investors own 91.16% of the company’s stock.

Oxford Industries Stock Down 21.2%

The stock has a fifty day moving average of $37.66 and a 200 day moving average of $42.02. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.18 and a quick ratio of 0.51. The firm has a market capitalization of $473.91 million, a P/E ratio of 11.46 and a beta of 1.11.

Oxford Industries (NYSE:OXM) last announced its earnings results on Wednesday, December 10th. The textile maker reported ($0.92) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.95) by $0.03. The firm had revenue of $307.34 million during the quarter, compared to analyst estimates of $304.42 million. Oxford Industries had a positive return on equity of 9.05% and a negative net margin of 0.20%.The business’s revenue was down .2% compared to the same quarter last year. During the same period last year, the firm posted ($0.11) EPS. Oxford Industries has set its FY 2025 guidance at -1.540–1.320 EPS and its Q4 2025 guidance at 0.000-0.200 EPS. On average, research analysts anticipate that Oxford Industries, Inc. will post 6.62 EPS for the current fiscal year.

Oxford Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Friday, January 16th will be paid a dividend of $0.69 per share. The ex-dividend date is Friday, January 16th. This represents a $2.76 annualized dividend and a dividend yield of 8.7%. Oxford Industries’s dividend payout ratio (DPR) is presently -836.36%.

Oxford Industries Company Profile

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.