Oxford Industries, Inc. (NYSE:OXM – Get Free Report) CEO Thomas Chubb, III bought 3,500 shares of the company’s stock in a transaction dated Wednesday, September 9th. The stock was bought at an average price of $30.93 per share, for a total transaction of $108,255.00. Following the acquisition, the chief executive officer directly owned 33,700 shares of the company’s stock, valued at approximately $1,042,341. This represents a 11.59% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Thomas Caldecot Chubb III also recently made the following trade(s):
- On Friday, June 12th, Thomas Chubb, III bought 2,500 shares of Oxford Industries stock. The shares were bought at an average cost of $36.90 per share, for a total transaction of $92,250.00.
Oxford Industries Trading Up 1.1%
Shares of Oxford Industries stock opened at $30.97 on Friday. The company has a market capitalization of $463.96 million, a P/E ratio of -60.73 and a beta of 1.06. The stock has a fifty day simple moving average of $36.98 and a 200 day simple moving average of $38.93. Oxford Industries, Inc. has a 12-month low of $28.20 and a 12-month high of $51.61. The company has a current ratio of 1.17, a quick ratio of 0.56 and a debt-to-equity ratio of 0.13.
Oxford Industries Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 16th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 9.0%. The ex-dividend date of this dividend is Friday, October 16th. Oxford Industries’s dividend payout ratio is presently -549.02%.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on the company. Weiss Ratings restated a “sell (d+)” rating on shares of Oxford Industries in a research note on Wednesday, July 8th. BTIG Research reaffirmed a “neutral” rating on shares of Oxford Industries in a research report on Friday, September 4th. Telsey Advisory Group cut their price objective on Oxford Industries from $44.00 to $35.00 and set a “market perform” rating on the stock in a research report on Friday, September 4th. UBS Group restated a “neutral” rating on shares of Oxford Industries in a research note on Wednesday, August 26th. Finally, Truist Financial lowered their target price on Oxford Industries from $40.00 to $33.00 and set a “hold” rating on the stock in a research note on Friday, September 4th. Six research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $35.25.
Read Our Latest Stock Analysis on OXM
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of Oxford Industries in the second quarter valued at approximately $41,098,000. Charles Schwab Investment Management Inc. increased its holdings in Oxford Industries by 6.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 754,762 shares of the textile maker’s stock worth $25,813,000 after acquiring an additional 45,535 shares during the period. California State Teachers Retirement System lifted its stake in 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 purchasing an additional 530,391 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Oxford Industries by 7.3% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 471,502 shares of the textile maker’s stock valued at $19,115,000 after purchasing an additional 32,226 shares in the last quarter. Finally, Bank of America Corp DE grew its position in shares of Oxford Industries by 3.3% during the 2nd quarter. Bank of America Corp DE now owns 442,334 shares of the textile maker’s stock valued at $17,804,000 after purchasing an additional 14,103 shares in the last quarter. Hedge funds and other institutional investors own 91.16% of the company’s stock.
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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