Oxford Industries, Inc. (NYSE:OXM – Get Free Report) CEO Thomas Chubb, III purchased 3,500 shares of the firm’s stock in a transaction dated Wednesday, September 9th. The shares were bought at an average price of $30.93 per share, with a total value of $108,255.00. Following the purchase, the chief executive officer owned 33,700 shares in the company, valued at $1,042,341. This represents a 11.59% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
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 stock was bought at an average cost of $36.90 per share, for a total transaction of $92,250.00.
Oxford Industries Stock Up 1.9%
Shares of OXM stock opened at $31.54 on Friday. The stock’s 50 day simple moving average is $36.91 and its 200 day simple moving average is $38.88. Oxford Industries, Inc. has a twelve month low of $28.20 and a twelve month high of $50.94. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.56 and a current ratio of 1.17. The company has a market capitalization of $472.44 million, a price-to-earnings ratio of -61.84 and a beta of 1.06.
Oxford Industries Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 16th will be paid a $0.70 dividend. The ex-dividend date is Friday, October 16th. This represents a $2.80 dividend on an annualized basis and a yield of 8.9%. Oxford Industries’s dividend payout ratio (DPR) is presently -549.02%.
Institutional Investors Weigh In On Oxford Industries
Hedge funds have recently made changes to their positions in the stock. Heartland Advisors Inc. increased its stake in Oxford Industries by 40.7% during the first quarter. Heartland Advisors Inc. now owns 211,093 shares of the textile maker’s stock valued at $8,129,000 after acquiring an additional 61,093 shares during the period. BlackRock Inc. acquired a new position in Oxford Industries in the 2nd quarter valued at approximately $41,098,000. Punch & Associates Investment Management Inc. bought a new stake in shares of Oxford Industries in the 2nd quarter worth approximately $4,270,000. Bank of America Corp DE lifted its position in shares of Oxford Industries by 21.8% in the 1st quarter. Bank of America Corp DE now owns 407,094 shares of the textile maker’s stock worth $15,677,000 after acquiring an additional 72,999 shares during the period. Finally, Deprince Race & Zollo Inc. acquired a new stake in shares of Oxford Industries during the 1st quarter worth approximately $4,658,000. Institutional investors own 91.16% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on OXM shares. Citigroup cut their target price on shares of Oxford Industries from $36.00 to $33.00 and set a “neutral” rating for the company in a research report on Friday, September 4th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Oxford Industries in a research note on Wednesday, July 8th. KeyCorp reissued a “sector weight” rating on shares of Oxford Industries in a research report on Thursday, June 11th. Truist Financial decreased their target price on Oxford Industries from $40.00 to $33.00 and set a “hold” rating for the company in a research note on Friday, September 4th. Finally, BTIG Research reaffirmed a “neutral” rating on shares of Oxford Industries in a report on Friday, September 4th. Six equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $35.25.
Get Our Latest Analysis on OXM
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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