Insider Buying: Oxford Industries, Inc. (NYSE:OXM) CEO Acquires 10,000 Shares of Stock

Oxford Industries, Inc. (NYSE:OXM - Get Free Report) CEO Robert S. Trauber purchased 10,000 shares of Oxford Industries stock in a transaction that occurred on Wednesday, June 18th. The shares were bought at an average price of $41.38 per share, with a total value of $413,800.00. Following the transaction, the chief executive officer now owns 13,364 shares of the company's stock, valued at $553,002.32. This trade represents a 297.27% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Oxford Industries Stock Down 3.8%

Oxford Industries stock opened at $40.78 on Friday. The firm has a 50 day simple moving average of $50.94 and a 200 day simple moving average of $64.97. 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, Inc. has a 1-year low of $38.74 and a 1-year high of $108.51. The firm has a market capitalization of $609.25 million, a price-to-earnings ratio of 7.92 and a beta of 1.45.

Oxford Industries (NYSE:OXM - Get Free Report) last posted its quarterly earnings results on Wednesday, June 11th. The textile maker reported $1.82 EPS for the quarter, hitting analysts' consensus estimates of $1.82. Oxford Industries had a return on equity of 14.97% and a net margin of 5.35%. The firm had revenue of $392.86 million during the quarter, compared to analyst estimates of $383.54 million. During the same period last year, the company earned $2.66 earnings per share. The business's revenue for the quarter was down 1.3% on a year-over-year basis. On average, analysts predict that Oxford Industries, Inc. will post 6.62 earnings per share for the current year.

Oxford Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Friday, July 18th will be paid a $0.69 dividend. The ex-dividend date of this dividend is Friday, July 18th. This represents a $2.76 annualized dividend and a yield of 6.77%. Oxford Industries's dividend payout ratio is currently 53.59%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in OXM. Global Alpha Capital Management Ltd. bought a new position in shares of Oxford Industries in the fourth quarter valued at approximately $16,489,000. Charles Schwab Investment Management Inc. boosted its holdings in Oxford Industries by 8.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 618,654 shares of the textile maker's stock valued at $48,738,000 after purchasing an additional 50,420 shares during the period. Bank of New York Mellon Corp boosted its holdings in Oxford Industries by 16.1% in the 4th quarter. Bank of New York Mellon Corp now owns 232,045 shares of the textile maker's stock valued at $18,281,000 after purchasing an additional 32,224 shares during the period. Ameriprise Financial Inc. grew its position in shares of Oxford Industries by 11.4% during the 4th quarter. Ameriprise Financial Inc. now owns 83,403 shares of the textile maker's stock valued at $6,570,000 after purchasing an additional 8,528 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of Oxford Industries by 3.1% in the fourth quarter. Principal Financial Group Inc. now owns 71,850 shares of the textile maker's stock worth $5,660,000 after purchasing an additional 2,137 shares during the period. Hedge funds and other institutional investors own 91.16% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on OXM shares. Citigroup lowered their price objective 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. Telsey Advisory Group restated a "market perform" rating and set a $52.00 price target on shares of Oxford Industries in a research note on Thursday, June 12th. Truist Financial lowered their price target on shares of Oxford Industries from $56.00 to $47.00 and set a "hold" rating on the stock in a report on Thursday, June 12th. UBS Group increased 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. Finally, KeyCorp restated a "sector weight" rating on shares of Oxford Industries in a research note on Friday, March 28th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $55.80.

About Oxford Industries

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.