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

Cassaday & Co Wealth Management LLC raised its stake in Oxford Industries, Inc. (NYSE:OXM - Free Report) by 59.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,095 shares of the textile maker's stock after purchasing an additional 7,522 shares during the period. Cassaday & Co Wealth Management LLC owned 0.14% of Oxford Industries worth $1,179,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in Oxford Industries in the 4th quarter valued at $4,041,000. Amundi grew its holdings in Oxford Industries by 174.5% in the 4th quarter. Amundi now owns 7,121 shares of the textile maker's stock valued at $616,000 after buying an additional 4,527 shares in the last quarter. Magnetar Financial LLC purchased a new stake in Oxford Industries in the 4th quarter valued at $359,000. Semanteon Capital Management LP lifted its position in Oxford Industries by 102.1% in the fourth quarter. Semanteon Capital Management LP now owns 18,365 shares of the textile maker's stock valued at $1,447,000 after buying an additional 9,277 shares during the last quarter. Finally, American Century Companies Inc. lifted its position 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 buying an additional 51,155 shares during the last quarter. Hedge funds and other institutional investors own 91.16% of the company's stock.

Oxford Industries Trading Up 4.3%

Shares of OXM stock traded up $1.77 during trading hours on Tuesday, hitting $43.28. 116,252 shares of the company were exchanged, compared to its average volume of 404,381. Oxford Industries, Inc. has a 1 year low of $36.99 and a 1 year high of $108.51. The firm has a fifty day moving average of $48.14 and a 200 day moving average of $59.17. The company has a quick ratio of 0.64, a current ratio of 1.32 and a debt-to-equity ratio of 0.20. The firm has a market cap of $646.53 million, a PE ratio of 8.40 and a beta of 1.36.

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 (EPS) for the quarter, hitting the consensus estimate of $1.82. The firm had revenue of $392.86 million for the quarter, compared to the consensus estimate of $383.54 million. Oxford Industries had a return on equity of 14.97% and a net margin of 5.35%. The business's revenue for the quarter was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.66 EPS. Analysts expect that Oxford Industries, Inc. will post 6.62 earnings per share for the current year.

Oxford Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Friday, July 18th will be given a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 6.38%. The ex-dividend date of this dividend is Friday, July 18th. Oxford Industries's dividend payout ratio is currently 53.59%.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

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

Oxford Industries Company 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.