Insider Buying: Oxford Industries, Inc. (NYSE:OXM) CEO Acquires 318 Shares of Stock

Key Points

• CEO Thomas Caldecot Chubb III of Oxford Industries, Inc. acquired 318 shares at an average cost of $38.19 per share, increasing his ownership to a total of 94,031 shares.
• Oxford Industries reported $1.82 earnings per share for the last quarter, meeting analysts' expectations, with a net margin of 5.35% despite a year-over-year revenue decline of 1.3%.
• The company declared a quarterly dividend of $0.69 per share, reflecting an annualized yield of 7.2% and a payout ratio of 53.59%.

Oxford Industries, Inc. (NYSE:OXM - Get Free Report) CEO Thomas Caldecot Chubb III acquired 318 shares of the business's stock in a transaction on Friday, August 1st. The shares were bought at an average cost of $38.19 per share, with a total value of $12,144.42. Following the completion of the acquisition, the chief executive officer owned 94,031 shares in the company, valued at approximately $3,591,043.89. This represents a 0.34% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Thomas Caldecot Chubb III also recently made the following trade(s):

• On Monday, June 16th, Thomas Caldecot Chubb III bought 6,500 shares of Oxford Industries stock. The shares were purchased at an average price of $40.12 per share, with a total value of $260,780.00.

Oxford Industries Trading Up 3.9%

OXM traded up $1.45 during trading on Monday, reaching $38.42. The company had a trading volume of 320,990 shares, compared to its average volume of 444,725. The stock has a market cap of $574.05 million, a P/E ratio of 7.46 and a beta of 1.38. The business has a 50 day simple moving average of $45.25 and a 200-day simple moving average of $56.13. Oxford Industries, Inc. has a 52 week low of $36.25 and a 52 week high of $96.68. The company has a quick ratio of 0.64, a current ratio of 1.32 and a debt-to-equity ratio of 0.20.

Oxford Industries (NYSE:OXM - Get Free Report) last issued its quarterly earnings results on Wednesday, June 11th. The textile maker reported $1.82 earnings per share (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 company had revenue of $392.86 million during the quarter, compared to the consensus estimate of $383.54 million. During the same period last year, the company earned $2.66 earnings per share. Oxford Industries's revenue was down 1.3% on a year-over-year basis. On average, equities analysts anticipate that Oxford Industries, Inc. will post 6.62 EPS for the current fiscal year.

Oxford Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 1st. Investors of record on Friday, July 18th were paid a $0.69 dividend. The ex-dividend date of this dividend was Friday, July 18th. This represents a $2.76 dividend on an annualized basis and a yield of 7.2%. Oxford Industries's dividend payout ratio is 53.59%.

Institutional Trading of Oxford Industries

A number of hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its stake in Oxford Industries by 13.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 849,973 shares of the textile maker's stock worth $66,958,000 after acquiring an additional 103,253 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Oxford Industries by 9.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 674,889 shares of the textile maker's stock valued at $39,596,000 after purchasing an additional 56,235 shares during 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 purchasing an additional 27,198 shares during the last quarter. American Century Companies Inc. grew its stake in Oxford Industries by 10.2% in the first quarter. American Century Companies Inc. now owns 528,543 shares of the textile maker's stock valued at $31,010,000 after purchasing an additional 49,009 shares during the last quarter. Finally, Invesco Ltd. grew its stake in Oxford Industries by 21.9% in the fourth quarter. Invesco Ltd. now owns 409,653 shares of the textile maker's stock valued at $32,272,000 after purchasing an additional 73,720 shares during the last quarter. 91.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

OXM has been the subject of a number of research reports. Truist Financial lowered their target price on Oxford Industries from $56.00 to $47.00 and set a "hold" rating for the company in a research report on Thursday, June 12th. Telsey Advisory Group reiterated a "market perform" rating and set a $52.00 target price on shares of Oxford Industries in a research report on Thursday, June 12th. UBS Group increased their target price on Oxford Industries from $54.00 to $56.00 and gave the company a "neutral" rating in a research report on Thursday, June 5th. Finally, Citigroup lowered their target price 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. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to MarketBeat, Oxford Industries has an average rating of "Hold" and an average price target 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.

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