Oxford Industries, Inc. (NYSE:OXM) insider James Wesley Howard, Jr. sold 4,750 shares of the firm’s stock in a transaction dated Wednesday, January 10th. The stock was sold at an average price of $80.25, for a total value of $381,187.50. Following the completion of the transaction, the insider now owns 6,204 shares in the company, valued at $497,871. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of Oxford Industries, Inc. (OXM) traded up $0.11 during trading hours on Friday, hitting $82.28. The company had a trading volume of 94,118 shares, compared to its average volume of 132,353. The stock has a market cap of $1,383.18, a P/E ratio of 26.98, a P/E/G ratio of 2.24 and a beta of 0.37. The company has a current ratio of 1.99, a quick ratio of 0.91 and a debt-to-equity ratio of 0.18. Oxford Industries, Inc. has a 1-year low of $49.50 and a 1-year high of $82.90.
Oxford Industries (NYSE:OXM) last announced its earnings results on Tuesday, December 5th. The textile maker reported $0.17 EPS for the quarter, beating the consensus estimate of $0.12 by $0.05. Oxford Industries had a return on equity of 14.26% and a net margin of 4.83%. The business had revenue of $236.00 million for the quarter, compared to the consensus estimate of $242.98 million. During the same period last year, the business posted ($0.07) EPS. The company’s revenue was up 6.2% on a year-over-year basis. equities research analysts expect that Oxford Industries, Inc. will post 3.67 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 2nd. Shareholders of record on Friday, January 19th will be issued a dividend of $0.27 per share. The ex-dividend date is Thursday, January 18th. This represents a $1.08 annualized dividend and a yield of 1.31%. Oxford Industries’s dividend payout ratio is presently 35.41%.
A number of hedge funds have recently bought and sold shares of OXM. Schwab Charles Investment Management Inc. increased its holdings in Oxford Industries by 22.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 103,627 shares of the textile maker’s stock worth $6,476,000 after purchasing an additional 18,948 shares during the last quarter. Rhumbline Advisers increased its holdings in Oxford Industries by 7.0% during the 2nd quarter. Rhumbline Advisers now owns 32,823 shares of the textile maker’s stock worth $2,051,000 after purchasing an additional 2,139 shares during the last quarter. Legal & General Group Plc increased its holdings in Oxford Industries by 14.4% during the 2nd quarter. Legal & General Group Plc now owns 30,507 shares of the textile maker’s stock worth $1,907,000 after purchasing an additional 3,846 shares during the last quarter. BNP Paribas Arbitrage SA increased its holdings in Oxford Industries by 51.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,137 shares of the textile maker’s stock worth $446,000 after purchasing an additional 2,434 shares during the last quarter. Finally, Marshall Wace North America L.P. purchased a new stake in Oxford Industries during the 2nd quarter worth approximately $259,000. Institutional investors own 89.06% of the company’s stock.
OXM has been the topic of several analyst reports. Zacks Investment Research upgraded Oxford Industries from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a report on Friday, September 15th. Needham & Company LLC set a $62.00 target price on Oxford Industries and gave the company a “buy” rating in a report on Monday, October 16th. SunTrust Banks reiterated a “buy” rating and set a $66.00 target price on shares of Oxford Industries in a report on Tuesday, October 24th. B. Riley reiterated a “buy” rating on shares of Oxford Industries in a report on Wednesday, November 1st. Finally, KeyCorp reiterated a “buy” rating and set a $78.00 target price on shares of Oxford Industries in a report on Friday, November 24th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $77.80.
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About Oxford Industries
Oxford Industries, Inc is an apparel company. The Company designs, sources, markets and distributes products bearing the trademarks of its owned Tommy Bahama, Lilly Pulitzer and Southern Tide lifestyle brands, other owned brands and licensed brands, as well as private label apparel products. It distributes its lifestyle branded products through its direct to consumer channels, consisting of its Tommy Bahama and Lilly Pulitzer full-price retail stores and its e-commerce sites for Tommy Bahama, Lilly Pulitzer and Southern Tide, and through its wholesale distribution channels.
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