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

Oxford Industries, Inc. (NYSE:OXM - Get Free Report) CEO Robert S. Trauber acquired 10,000 shares of Oxford Industries stock in a transaction that occurred on 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 purchase, the chief executive officer now owns 13,364 shares in the company, valued at approximately $553,002.32. This represents a 297.27% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Oxford Industries Stock Down 3.0%

OXM stock traded down $1.22 during mid-day trading on Monday, hitting $39.99. The stock had a trading volume of 647,717 shares, compared to its average volume of 386,322. 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 company has a fifty day moving average of $50.55 and a 200 day moving average of $64.20. The stock has a market capitalization of $597.47 million, a price-to-earnings ratio of 7.77 and a beta of 1.45.

Oxford Industries (NYSE:OXM - Get Free Report) last issued its earnings results on Wednesday, June 11th. The textile maker reported $1.82 earnings per share for the quarter, hitting the consensus estimate of $1.82. The company had revenue of $392.86 million for the quarter, compared to analyst estimates 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 was down 1.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.66 EPS. On average, equities analysts expect that Oxford Industries, Inc. will post 6.62 EPS for the current fiscal year.

Oxford Industries Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 6.90%. The ex-dividend date is Friday, July 18th. Oxford Industries's dividend payout ratio is 53.59%.

Institutional Trading of Oxford Industries

Hedge funds have recently added to or reduced their stakes in the business. Global Alpha Capital Management Ltd. bought a new stake in Oxford Industries during the 4th quarter valued at approximately $16,489,000. Charles Schwab Investment Management Inc. boosted its stake in Oxford Industries by 8.9% during 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 stake in Oxford Industries by 16.1% during 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. SG Americas Securities LLC boosted its stake in Oxford Industries by 307.0% during the 1st quarter. SG Americas Securities LLC now owns 14,468 shares of the textile maker's stock valued at $849,000 after purchasing an additional 10,913 shares during the period. Finally, Ameriprise Financial Inc. lifted its position in shares of Oxford Industries by 11.4% in the 4th quarter. Ameriprise Financial Inc. now owns 83,403 shares of the textile maker's stock worth $6,570,000 after acquiring an additional 8,528 shares during the period. Institutional investors own 91.16% of the company's stock.

Wall Street Analyst Weigh In

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