Oxford Industries, Inc. (NYSE:OXM) CEO Thomas Caldecot Chubb III Purchases 6,500 Shares

Oxford Industries, Inc. (NYSE:OXM) CEO Thomas Caldecot Chubb III acquired 6,500 shares of Oxford Industries stock in a transaction dated Monday, June 16th. The stock was purchased at an average price of $40.12 per share, with a total value of $260,780.00. Following the completion of the purchase, the chief executive officer now owns 59,063 shares of the company’s stock, valued at approximately $2,369,607.56. The trade was a 12.37% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Oxford Industries Trading Up 1.1%

Shares of Oxford Industries stock opened at $42.36 on Wednesday. The firm has a 50-day simple moving average of $51.40 and a two-hundred day simple moving average of $65.43. The company has a market cap of $632.86 million, a P/E ratio of 8.23 and a beta of 1.45. Oxford Industries, Inc. has a fifty-two week low of $38.74 and a fifty-two week high of $108.51. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.64 and a current ratio of 1.32.

Oxford Industries (NYSE:OXM) last issued its quarterly earnings data on Wednesday, June 11th. The textile maker reported $1.82 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.82. The business had revenue of $392.86 million during the quarter, compared to the consensus estimate of $383.54 million. Oxford Industries had a net margin of 5.35% and a return on equity of 14.97%. The company’s revenue was down 1.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.66 earnings per share. As a group, equities analysts predict that Oxford Industries, Inc. will post 6.62 earnings per share for the current fiscal year.

Oxford Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Friday, July 18th will be given a $0.69 dividend. The ex-dividend date of this dividend is Friday, July 18th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 6.52%. Oxford Industries’s dividend payout ratio (DPR) is currently 53.59%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on OXM shares. UBS Group boosted their target price on shares of Oxford Industries from $54.00 to $56.00 and gave the company a “neutral” rating in a research report on Thursday, June 5th. KeyCorp restated a “sector weight” rating on shares of Oxford Industries in a research report on Friday, March 28th. Truist Financial decreased their target price on shares of Oxford Industries from $56.00 to $47.00 and set a “hold” rating for the company in a research report on Thursday, June 12th. Citigroup decreased their target price on shares of Oxford Industries from $47.00 to $44.00 and set a “sell” rating for the company in a research report on Thursday, June 12th. Finally, Telsey Advisory Group restated a “market perform” rating and set a $52.00 target price on shares of Oxford Industries in a research report on Thursday, June 12th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $55.80.

Institutional Trading of Oxford Industries

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its stake in shares of Oxford Industries by 13.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 849,973 shares of the textile maker’s stock worth $66,958,000 after purchasing an additional 103,253 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Oxford Industries by 9.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 674,889 shares of the textile maker’s stock worth $39,596,000 after purchasing an additional 56,235 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of Oxford Industries by 4.9% during the fourth quarter. Wellington Management Group LLP now owns 580,580 shares of the textile maker’s stock worth $45,738,000 after purchasing an additional 27,198 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Oxford Industries by 10.2% during the first quarter. American Century Companies Inc. now owns 528,543 shares of the textile maker’s stock worth $31,010,000 after purchasing an additional 49,009 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Oxford Industries by 13.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 459,328 shares of the textile maker’s stock worth $36,186,000 after purchasing an additional 54,045 shares in the last quarter. Hedge funds and other institutional investors own 91.16% of the company’s stock.

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.