Oxford Industries, Inc. (NYSE:OXM – Get Free Report) CEO Thomas Chubb, III acquired 2,500 shares of Oxford Industries stock in a transaction dated Thursday, September 24th. The stock was bought at an average price of $26.15 per share, with a total value of $65,375.00. Following the completion of the purchase, the chief executive officer directly owned 36,200 shares in the company, valued at $946,630. This represents a 7.42% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.
Thomas Caldecot Chubb III also recently made the following trade(s):
- On Wednesday, September 9th, Thomas Chubb, III bought 3,500 shares of Oxford Industries stock. The shares were bought at an average price of $30.93 per share, for a total transaction of $108,255.00.
Oxford Industries Stock Performance
NYSE:OXM traded down $0.25 during mid-day trading on Thursday, hitting $26.09. 600,685 shares of the company traded hands, compared to its average volume of 394,380. The stock’s fifty day moving average price is $35.67 and its 200-day moving average price is $38.26. The firm has a market cap of $390.84 million, a price-to-earnings ratio of -51.16 and a beta of 1.06. The company has a quick ratio of 0.56, a current ratio of 1.17 and a debt-to-equity ratio of 0.13. Oxford Industries, Inc. has a one year low of $26.01 and a one year high of $49.58.
Oxford Industries Announces Dividend
The business 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 dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 10.7%. The ex-dividend date of this dividend is Friday, October 16th. Oxford Industries’s dividend payout ratio (DPR) is presently -549.02%.
Hedge Funds Weigh In On Oxford Industries
Several institutional investors have recently bought and sold shares of OXM. BlackRock Inc. purchased a new position in shares of Oxford Industries in the 2nd quarter worth $41,098,000. Bank of America Corp DE bought a new position in shares of Oxford Industries in the 2nd quarter valued at about $14,625,000. Heartland Advisors Inc. purchased a new position in Oxford Industries in the second quarter worth about $8,516,000. Punch & Associates Investment Management Inc. purchased a new position in Oxford Industries in the first quarter worth about $4,754,000. Finally, Deprince Race & Zollo Inc. bought a new stake in Oxford Industries during the first quarter worth approximately $4,658,000. Institutional investors own 91.16% of the company’s stock.
Analyst Ratings Changes
Several brokerages have commented on OXM. Truist Financial decreased their price target on shares of Oxford Industries from $40.00 to $33.00 and set a “hold” rating on the stock in a research note on Friday, September 4th. BTIG Research reaffirmed a “neutral” rating on shares of Oxford Industries in a report on Friday, September 4th. KeyCorp reiterated a “sector weight” rating on shares of Oxford Industries in a research report on Thursday, June 11th. Citigroup dropped their price target on Oxford Industries from $36.00 to $33.00 and set a “neutral” rating for the company in a research note on Friday, September 4th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Oxford Industries in a report on Wednesday, July 8th. Six equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $35.25.
View Our Latest Stock Analysis on Oxford Industries
Oxford Industries Company Profile
Oxford Industries, Inc is an apparel and lifestyle company headquartered in Atlanta, Georgia. Founded in 1942 as a manufacturer of dress shirts, the company has expanded into a portfolio of premium lifestyle brands serving customers through retail stores, e-commerce platforms, wholesale distribution and other channels.
Its principal brands include Tommy Bahama, a resort-inspired lifestyle brand offering apparel, accessories, home furnishings, restaurants and hospitality experiences; Lilly Pulitzer, known for colorful women’s, men’s and children’s apparel, accessories and home products; and Johnny Was, which specializes in distinctive women’s apparel and accessories.
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