Douglas B. Wood Sells 33,587 Shares of Oxford Industries, Inc. (NYSE:OXM) Stock

Oxford Industries, Inc. (NYSE:OXM - Get Free Report) CEO Douglas B. Wood sold 33,587 shares of Oxford Industries stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $104.95, for a total value of $3,524,955.65. Following the completion of the transaction, the chief executive officer now owns 12,394 shares of the company's stock, valued at approximately $1,300,750.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Oxford Industries Trading Up 0.8 %

Shares of NYSE:OXM traded up $0.85 during trading hours on Friday, hitting $105.62. 390,865 shares of the company's stock traded hands, compared to its average volume of 194,389. Oxford Industries, Inc. has a 1 year low of $82.33 and a 1 year high of $113.88. The business has a fifty day moving average price of $102.46 and a 200-day moving average price of $97.06. The firm has a market capitalization of $1.65 billion, a P/E ratio of 28.40 and a beta of 1.60. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.22 and a quick ratio of 0.63.

Oxford Industries (NYSE:OXM - Get Free Report) last announced its earnings results on Thursday, March 28th. The textile maker reported $1.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.92 by ($0.02). Oxford Industries had a net margin of 3.86% and a return on equity of 26.71%. The business had revenue of $404.43 million for the quarter, compared to analysts' expectations of $408.28 million. During the same quarter last year, the firm earned $2.28 EPS. The firm's quarterly revenue was up 5.7% on a year-over-year basis. Equities analysts expect that Oxford Industries, Inc. will post 9.47 earnings per share for the current year.

Oxford Industries Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 3rd. Stockholders of record on Friday, April 19th will be paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 2.54%. The ex-dividend date is Thursday, April 18th. This is an increase from Oxford Industries's previous quarterly dividend of $0.65. Oxford Industries's payout ratio is currently 70.46%.

Wall Street Analysts Forecast Growth

OXM has been the subject of several recent research reports. Telsey Advisory Group lifted their price target on Oxford Industries from $102.00 to $110.00 and gave the stock a "market perform" rating in a research report on Monday. UBS Group dropped their price target on Oxford Industries from $106.00 to $104.00 and set a "neutral" rating for the company in a research report on Monday. Finally, Citigroup lowered Oxford Industries from a "neutral" rating to a "sell" rating and dropped their price target for the stock from $98.00 to $94.00 in a research report on Monday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $103.60.

Institutional Trading of Oxford Industries

Several institutional investors and hedge funds have recently modified their holdings of OXM. Wellington Management Group LLP raised its stake in shares of Oxford Industries by 717.9% during the third quarter. Wellington Management Group LLP now owns 373,847 shares of the textile maker's stock valued at $35,938,000 after acquiring an additional 328,140 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in Oxford Industries by 2,350.6% in the first quarter. Envestnet Asset Management Inc. now owns 318,505 shares of the textile maker's stock worth $1,067,000 after buying an additional 305,508 shares in the last quarter. Ranger Investment Management L.P. bought a new position in Oxford Industries in the second quarter worth approximately $15,439,000. Norges Bank bought a new position in Oxford Industries in the fourth quarter worth approximately $14,156,000. Finally, Clearbridge Investments LLC bought a new position in Oxford Industries in the third quarter worth approximately $13,512,000. Institutional investors own 91.16% of the company's stock.

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; 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; and men, women, and kids products under the Southern Tide brand.

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