Cassaday & Co Wealth Management LLC Acquires 7,522 Shares of Oxford Industries, Inc. (NYSE:OXM)

Cassaday & Co Wealth Management LLC raised its holdings in Oxford Industries, Inc. (NYSE:OXM - Free Report) by 59.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 20,095 shares of the textile maker's stock after acquiring an additional 7,522 shares during the quarter. Cassaday & Co Wealth Management LLC owned about 0.14% of Oxford Industries worth $1,179,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of OXM. Dimensional Fund Advisors LP boosted its position in shares of Oxford Industries by 13.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 849,973 shares of the textile maker's stock worth $66,958,000 after purchasing an additional 103,253 shares in the last quarter. Wellington Management Group LLP grew its stake in Oxford Industries by 4.9% in the fourth quarter. Wellington Management Group LLP now owns 580,580 shares of the textile maker's stock valued at $45,738,000 after acquiring an additional 27,198 shares during the period. American Century Companies Inc. grew its stake in Oxford Industries by 11.9% in the fourth quarter. American Century Companies Inc. now owns 479,534 shares of the textile maker's stock valued at $37,778,000 after acquiring an additional 51,155 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in shares of Oxford Industries by 13.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 459,328 shares of the textile maker's stock worth $36,186,000 after acquiring an additional 54,045 shares in the last quarter. Finally, Invesco Ltd. raised its position in shares of Oxford Industries by 21.9% during the fourth quarter. Invesco Ltd. now owns 409,653 shares of the textile maker's stock worth $32,272,000 after purchasing an additional 73,720 shares during the period. Institutional investors and hedge funds own 91.16% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. KeyCorp reiterated a "sector weight" rating on shares of Oxford Industries in a report on Friday, March 28th. Telsey Advisory Group reiterated a "market perform" rating and issued a $52.00 price objective on shares of Oxford Industries in a report on Thursday, June 12th. Truist Financial decreased their target price on shares of Oxford Industries from $56.00 to $47.00 and set a "hold" rating for the company in a research report on Thursday, June 12th. Citigroup cut their price target on shares of Oxford Industries from $47.00 to $44.00 and set a "sell" rating on the stock in a research report on Thursday, June 12th. Finally, UBS Group raised their price objective on Oxford Industries from $54.00 to $56.00 and gave the company a "neutral" rating in a report on Thursday, June 5th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat.com, Oxford Industries has an average rating of "Hold" and an average target price of $55.80.

Oxford Industries Stock Performance

NYSE OXM traded down $1.34 during trading on Friday, reaching $41.81. The company's stock had a trading volume of 366,875 shares, compared to its average volume of 404,996. Oxford Industries, Inc. has a 12 month low of $36.99 and a 12 month high of $108.51. The firm has a 50 day moving average price of $48.14 and a 200 day moving average price of $59.44. The firm has a market capitalization of $624.64 million, a price-to-earnings ratio of 8.12 and a beta of 1.36. The company has a current ratio of 1.32, a quick ratio of 0.64 and a debt-to-equity ratio of 0.20.

Oxford Industries (NYSE:OXM - Get Free Report) last posted its quarterly earnings data on Wednesday, June 11th. The textile maker reported $1.82 earnings per share for the quarter, hitting the consensus estimate of $1.82. Oxford Industries had a net margin of 5.35% and a return on equity of 14.97%. The business had revenue of $392.86 million during the quarter, compared to analysts' expectations of $383.54 million. During the same quarter in the prior year, the business posted $2.66 earnings per share. Oxford Industries's revenue was down 1.3% compared to the same quarter last year. As a group, equities analysts anticipate that Oxford Industries, Inc. will post 6.62 EPS for the current fiscal year.

Oxford Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Friday, July 18th will be issued a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a dividend yield of 6.60%. The ex-dividend date is Friday, July 18th. Oxford Industries's dividend payout ratio (DPR) is currently 53.59%.

Insider Activity at Oxford Industries

In other news, CEO Thomas Caldecot Chubb III acquired 6,500 shares of the firm's stock in a transaction dated Monday, June 16th. The stock was bought at an average cost of $40.12 per share, for a total transaction of $260,780.00. Following the completion of the transaction, the chief executive officer directly owned 59,063 shares in the company, valued at $2,369,607.56. This represents a 12.37% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Robert S. Trauber acquired 10,000 shares of the stock in a transaction dated Wednesday, June 18th. The stock was acquired at an average cost of $41.38 per share, with a total value of $413,800.00. Following the completion of the transaction, the chief executive officer owned 13,364 shares in the company, valued at approximately $553,002.32. This represents a 297.27% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 6.00% of the company's stock.

Oxford Industries Profile

Oxford Industries, Inc, an apparel company, designs, sources, markets, and distributes products of lifestyle and other brands worldwide. The company offers men's and women's sportswear and related products under the Tommy Bahama brand; and women's and girl's dresses and sportswear, scarves, bags, jewelry, and belts, as well as children's apparel, swim, footwear, and licensed products under the Lilly Pulitzer brand.

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