Oxford Industries, Inc. (NYSE:OXM – Get Free Report) CEO Thomas Chubb, III purchased 3,500 shares of the company’s stock in a transaction dated Wednesday, September 9th. The shares were bought at an average price of $30.93 per share, for a total transaction of $108,255.00. Following the completion of the transaction, the chief executive officer directly owned 33,700 shares in the company, valued at approximately $1,042,341. This trade represents a 11.59% increase in their position. The acquisition was disclosed in a document filed 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 purchased 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 Performance
NYSE:OXM traded down $0.87 during midday trading on Wednesday, reaching $30.70. 523,342 shares of the company traded hands, compared to its average volume of 384,549. Oxford Industries, Inc. has a twelve month low of $28.20 and a twelve month high of $51.61. The firm has a market capitalization of $458.37 million, a price-to-earnings ratio of -60.19 and a beta of 1.06. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.17 and a quick ratio of 0.56. The company has a fifty day moving average price of $37.17 and a 200 day moving average price of $39.06.
Oxford Industries Announces Dividend
The company also recently disclosed 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. This represents a $2.80 dividend on an annualized basis and a dividend yield of 9.1%. The ex-dividend date of this dividend is Friday, October 16th. Oxford Industries’s dividend payout ratio (DPR) is -549.02%.
Institutional Investors Weigh In On Oxford Industries
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in Oxford Industries during the 2nd quarter valued at $41,098,000. Charles Schwab Investment Management Inc. raised its stake in shares of Oxford Industries by 6.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 754,762 shares of the textile maker’s stock worth $25,813,000 after buying an additional 45,535 shares in the last quarter. California State Teachers Retirement System raised its stake in shares of Oxford Industries by 3,895.4% in the 2nd quarter. California State Teachers Retirement System now owns 544,007 shares of the textile maker’s stock worth $18,970,000 after buying an additional 530,391 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Oxford Industries by 7.3% in the third quarter. Arrowstreet Capital Limited Partnership now owns 471,502 shares of the textile maker’s stock valued at $19,115,000 after buying an additional 32,226 shares during the period. Finally, Bank of America Corp DE lifted its holdings in shares of Oxford Industries by 3.3% in the second quarter. Bank of America Corp DE now owns 442,334 shares of the textile maker’s stock valued at $17,804,000 after buying an additional 14,103 shares during the period. Institutional investors own 91.16% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on OXM shares. BTIG Research reissued a “neutral” rating on shares of Oxford Industries in a research note on Friday, September 4th. Citigroup reduced their price objective on Oxford Industries from $36.00 to $33.00 and set a “neutral” rating for the company in a research report on Friday, September 4th. UBS Group reissued a “neutral” rating on shares of Oxford Industries in a report on Wednesday, August 26th. Zacks Research upgraded Oxford Industries from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 26th. Finally, Wall Street Zen raised Oxford Industries from a “sell” rating to a “hold” rating in a research note on Saturday, May 30th. Seven equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $35.25.
Get Our Latest Stock Analysis on OXM
Oxford Industries Company Profile
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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