Oxford Industries, Inc. (NYSE:OXM – Get Free Report) CEO Thomas Chubb, III bought 3,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 9th. The shares were bought at an average cost of $30.93 per share, with a total value of $108,255.00. Following the completion of the purchase, the chief executive officer directly owned 33,700 shares of the company’s stock, valued at $1,042,341. This represents a 11.59% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.
Thomas Caldecot Chubb III also recently made the following trade(s):
- On Friday, June 12th, Thomas Chubb, III acquired 2,500 shares of Oxford Industries stock. The shares were bought at an average cost of $36.90 per share, with a total value of $92,250.00.
Oxford Industries Trading Down 2.8%
Shares of OXM stock opened at $30.70 on Thursday. The company has a current ratio of 1.17, a quick ratio of 0.56 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $459.87 million, a price-to-earnings ratio of -60.19 and a beta of 1.06. Oxford Industries, Inc. has a 12-month low of $28.20 and a 12-month high of $51.61. The stock’s 50-day moving average price is $37.06 and its 200-day moving average price is $39.00.
Oxford Industries Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 16th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Friday, October 16th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 9.1%. Oxford Industries’s dividend payout ratio (DPR) is -549.02%.
Analyst Upgrades and Downgrades
A number of brokerages have commented on OXM. Weiss Ratings reissued a “sell (d+)” rating on shares of Oxford Industries in a research note on Wednesday, July 8th. Truist Financial lowered their price target on shares of Oxford Industries from $40.00 to $33.00 and set a “hold” rating for the company in a report on Friday, September 4th. KeyCorp reissued a “sector weight” rating on shares of Oxford Industries in a research note on Thursday, June 11th. Telsey Advisory Group lowered their price objective on Oxford Industries from $44.00 to $35.00 and set a “market perform” rating for the company in a research note on Friday, September 4th. Finally, UBS Group reissued a “neutral” rating on shares of Oxford Industries in a research report on Wednesday, August 26th. Seven analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $35.25.
Read Our Latest Stock Report on Oxford Industries
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of the business. Heartland Advisors Inc. raised its position in Oxford Industries by 40.7% during the 1st quarter. Heartland Advisors Inc. now owns 211,093 shares of the textile maker’s stock valued at $8,129,000 after purchasing an additional 61,093 shares in the last quarter. BlackRock Inc. bought a new position in shares of Oxford Industries during the 2nd quarter worth $41,098,000. Punch & Associates Investment Management Inc. bought a new position in shares of Oxford Industries during the 2nd quarter worth $4,270,000. Bank of America Corp DE increased its position in Oxford Industries by 21.8% during the 1st quarter. Bank of America Corp DE now owns 407,094 shares of the textile maker’s stock valued at $15,677,000 after purchasing an additional 72,999 shares during the period. Finally, Deprince Race & Zollo Inc. bought a new position in Oxford Industries in the first quarter worth approximately $4,658,000. Hedge funds and other institutional investors own 91.16% of the company’s stock.
About Oxford Industries
Oxford Industries, Inc, incorporated in 1942 and headquartered in Atlanta, Georgia, is a leading designer, marketer and distributor of high-quality men’s and women’s lifestyle apparel and accessories. The company’s product portfolio features a mix of owned brands and licensed partnerships that span casual, resort and performance categories. Key owned brands include Tommy Bahama, renowned for its island-inspired menswear and women’s sportswear, and Southern Tide, which offers coastal-focused clothing and footwear.
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